Over a hundred companies are set to announce their Q3FY25 earnings on Wednesday including Swiggy, Reliance Power, Abbot India, Info Edge India Ltd (Naukri), Page Industries, Sula Vineyards Ltd, Eveready Industries India Ltd, etc.
The Indian stock market surged to a one-month high mark on Tuesday, with benchmark Nifty 50 closing above the 23,700 level. Whereas Sensex closed 1.81% higher at 78,583.81. Quarterly earnings of Reliance power, Swiggy, Zydus, Welspun Corp, Redington, and more than 120 companies will be keenly observed by stock market investors today.
Eveready Industries India Ltd, Info Edge India Ltd, Welspun Corp Ltd, Piccadily Agro Industries Ltd, Skipper Ltd, Sula Vineyards Ltd, GE Vernova, Gujarat Gas, Inventurus Knowledge, Sagility India, Timken India, Kansai Nerolac, Swiggy, Zydus Life, Solar Industries, Cummins India, Abbott India, Page Industries, etc will announce their quarterly earnings today.
Apart from these companies Data Patterns, Tega Industries, Mr Bectors Food, Symphony and others will report quarterly results on Wednesday.
Food and grocery delivery giant Swiggy reported a net loss of ₹625.5 crore crore in July-September quarter for financial year 2024-25. Swiggy's quarterly loss narrowed by five per cent in the September quarter. Its losses from quick commerce negated its profits from food delivery. The improvement in business was driven by robust order growth in both its food delivery and quick commerce segments.
According to brokerage JM Financial, Swiggy revenues will rise 12% quarter-on-quarter (QoQ) to ₹4,035 crore and the loss is likely to remain around to ₹708 crore, reported Economic Times.
The company will report its quarterly earning for the third quarter of FY 24-25 on Wednesday, February 5. The company had posted a net profit of ₹ ₹2,878.15 crore in the July-September quarter current financial year against a net loss of ₹237.76 crore in the quarter ended September 30, 2023.
Total income of the company dipped to ₹1,962.77 crore in the quarter under review, from ₹2,116.37 crore in the same period a year ago.
Apparel manufacturer Page Industries Ltd is set to announce earnings for the October-December quarter for financial year 2024-25. The company, which is an exclusive licensee of Jockey International in India, and other countries, reported a 30 per cent increase in net profit at ₹195.25 crore for the September quarter. Strong Q2 result was led by volume growth, stable input costs and improved operating efficiency.
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