More than a hundred companies, including Swiggy, Reliance Power, Abbott India, Info Edge India Ltd (Naukri), Page Industries, Sula Vineyards Ltd, and Eveready Industries India Ltd, are scheduled to announce their Q3FY25 earnings on Wednesday. The Indian stock market reached a one-month high on Tuesday, with the benchmark Nifty 50 closing above the 23,700 mark, while the Sensex rose 1.81% to close at 78,583.81. Investors will be closely watching the quarterly earnings reports from Reliance Power, Swiggy, Zydus, Welspun Corp, Redington, and over 120 other companies today.
Among those reporting today are 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, and Page Industries. Additionally, Data Patterns, Tega Industries, Mr Bectors Food, Symphony, and others will also release their quarterly results.
Swiggy is expected to report a net loss of ₹625.5 crore for the July-September quarter of FY 2024-25, although this loss has narrowed by five percent compared to the previous quarter. The company’s losses in quick commerce have offset its profits from food delivery, but strong order growth in both segments has contributed to improved business performance. According to JM Financial, Swiggy’s revenues are projected to increase by 12% quarter-on-quarter to ₹4,035 crore, with losses anticipated to be around ₹708 crore.
Reliance Power will also announce its Q3 earnings today, having previously reported a net profit of ₹2,878.15 crore for the July-September quarter, a significant turnaround from a net loss of ₹237.76 crore in the same quarter the previous year. However, the company’s total income fell to ₹1,962.77 crore from ₹2,116.37 crore year-on-year.
Page Industries Ltd, an apparel manufacturer and exclusive licensee of Jockey International in India, is set to announce its earnings for the October-December quarter of FY 2024-25. The company reported a 30% increase in net profit to ₹195.25 crore for the September quarter, driven by volume growth, stable input costs, and improved operating efficiency.
