Q3 results today: LIC, M&M, Edelweiss Financial, 3M India, Delhivery, Sun TV, Ola Electric Mobility & more on February 7

Q3 results today: At least nine major companies, including Life Insurance Corporation of India, Mahindra & Mahindra, Edelweiss Financial, Delhivery, Century Plyboards, Sun TV, Ola Electric Mobility, and Dreamfolks Services, are expected to post Q3FY25 earning reports today, on February 7.

Q3 Results Today — Friday, February 7

Dreamfolks Services Ltd, Edelweiss Financial Services Ltd, Life Insurance Corporation of India (LIC), Mahindra & Mahindra Ltd (M&M), Mazagon Dock Shipbuilders Ltd, Shipping Corp of India Ltd, Oil India, Fortis Healthcare, Honeywell Automation, Sun TV, Wockhardt, Ola Electric Mobility, Balrampur Chini Mills, Inox India, Hindustan Foods, Borosil, Alembic, Excel Industries, D-Link India, NHCL, HCL Infosystems, Sayaji Industries, Soma Textiles, Panasonic Carbons India, Pritish Nandy Communications, Asian Tea and Exports, Vintage Securities, and Saffron Industries are among 197 companies which will release its October to December quarter results on Friday, February 7.

Stock Market Today

The consolidation in the markets continued as the benchmark Nifty 50 index and the S&P BSE Sensex, ended 0.39 per cent and 0.27 per cent lower at 23,603.35 and 78,058.16, respectively, on Thursday.

“Following the recent dip, market participants now await the outcome of the scheduled MPC meeting for further direction. While the anticipated 25 basis point rate cut appears to be priced in, the committee's stance on growth and inflation will be closely watched. Additionally, corporate earnings and global cues are likely to keep volatility elevated. Given this backdrop, we maintain our focus on stock selection and trade management, with a positive bias,” according to Ajit Mishra – SVP, Research, Religare Broking Ltd.

RBI MPC Today

The Reserve Bank of India (RBI) is set to announce its sixth and last bi-monthly monetary policy of FY25 today. The meeting of the Monetary Policy Committee (MPC) headed by the new RBI Governor Sanjay Malhotra began on February 5. The credit policy decision will be announced today. This will be the first RBI policy under the new Governor Sanjay Malhotra, and also the first RBI MPC meeting after the Union Budget 2025-2026 was presented on February 1.

The RBI is expected to encounter a trilemma encompassing tighter liquidity conditions, depreciating rupee and heightened geopolitical uncertainty. Economists expect the central bank to begin a shallow rate cut cycle today, and announce its first repo rate cut in five years. 

The central bank is widely expected to reduce the benchmark repo rate by 25 basis points (bps) to 6.25 per cent from 6.5 per cent. This will mark the first reduction in repo rate in nearly five years. The last rate cut was announced in May 2020, when the central bank lowered the repo rate to 4 per cent. Subsequently, the RBI raised interest rates seven times, reaching 6.50 per cent. The rate has remained unchanged since February 2023. 

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.