Q3 results today: L&T, Bajaj Finserv, Dr Reddy’s among 95 companies to announce earnings

Tuesday will mark the announcements of the December quarter earnings of 95 BSE listed companies. The street will keep a close track on the results of Larsen & Toubro, Bajaj Finserv and Dr Reddy’s Laboratories.

Among other important results that will be followed will be those by Cochin Shipyard, Blue Star Company, Dwarikesh Sugar Industries, KEC, Mahindra & Mahindra Finance, KPIT Technologies, StuffsEarth, PB Fintech (Policybazaar), Star Health and Allied Insurance, Vaibhav Global, VIP Industries and Voltas.

On Monday, Nifty constituents Bharat Petroleum Corporation (BPCL), Bajaj Finance and ITC declared their October-December quarter earnings.

Here’s what to expect from L&T and Dr Reddy’s earnings

L&T Q3 results

Strong execution in the mainstay infrastructure segment, healthy order inflows, and lower input costs are likely to drive a robust double-digit growth in the December quarter earnings of engineering behemoth Larsen & Toubro. The company is seen reporting a 39% year-on-year (YoY) growth in consolidated net profit for the quarter to Rs 3,362 crore, according to the average of estimates given by seven brokerages.

Read more: L&T Q3 preview: Cons PAT may surge 39% YoY on strong execution; FY24 guidance eyed

Dr Reddy’s Q3 results

Dr Reddy’s Laboratories Ltd is expected to see a muted growth in revenue for the quarter ended December amid lower sales of generic anti-cancer drug Revlimid and moderate growth in India business, while higher raw material inflation is seen hurting the profitability.

The drug major is likely to report a 1.1% year-on-year (YoY) drop in consolidated net profit to Rs 1,247 crore, according to the average of estimates given by seven brokerage firms. Consolidated revenue is seen rising 1.6% YoY to Rs 6,877 crore, while operating profit may fall by nearly 8% to Rs 1,898 crore, the estimates showed.

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