In today’s trade, shares of RIL, Wipro, Jio Financial, Infosys, Angel One, Indian Hotels among others will be in focus due to various news developments and third quarter results.
Reliance Industries, Wipro, Tech Mahindra, Polycab, L&T Finance, Federal Bank
Shares of Reliance Industries, Wipro, Tech Mahindra, Polycab, L&T Finance and Federal Bank will be in focus as the companies will announce their third quarter results today.Angel One
Stock broker Angel One on Thursday reported a 4% year-on-year (YoY) decline in its consolidated net profit at Rs 269 crore in the third quarter. Along with the quarterly results, the company’s board has also approved an interim dividend of Rs 23 per share and a stock split in the ratio of 1:10.
HDFC Life
HDFC Life Insurance on Thursday reported a muted bottomline growth in the December quarter, with standalone profit after tax rising just 1% year-on-year to Rs 421 crore, compared with Rs 415 crore in the same period last year. Net premium income grew 9% YoY to Rs 18,242 crore during the quarter, up from Rs 16,771 crore a year ago.
Jio Financial
Jio Financial Services reported a mixed set of numbers for the December quarter, with sharp growth in core operating income but a decline in profitability. Net profit for the third quarter came in at Rs 269 crore, down 9% year-on-year from Rs 295 crore a year-ago. Revenue from operations rose to Rs 901 crore in Q3FY26, more than double from Rs 438 crore reported in the year ago period. This an increase of 106%.HDB Financial
Leading NBFC HDB Financial services reported 36% year-on-year (YoY) growth in its net profit at Rs 644 crore in the third quarter. The same stood at Rs 472 crore in the corresponding quarter of last year. Net interest income for the quarter rose 22% YoY to Rs 2,285 crore.
Infosys
India’s second largest IT services company Infosys on Wednesday reported a 2% year-on-year (YoY) decline in its consolidated net profit at Rs 6,654 crore in the third quarter, compared with Rs 6,806 crore in the last year quarter. Revenue from operations in the same period increased 9% YoY to Rs 45,479 crore.
L&T Tech
Mid-tier IT services company L&T Technology Services reported a 6% year-on-year (YoY) decline in its consolidated net profit at Rs 303 crore in the third quarter. The same stood at Rs 322 crore in the year-ago period. Excluding the impact of labour codes, the company said its profit rose 2% YoY to Rs 329 crore.
Cochin Shipyard
Cochin Shipyard Limited (CSL) has delivered the first of HS EcoFreighter series of Multi-Purpose Vessels (MPVs) to Germany’s HS Schiffahrts. A CSL statement said the vessel has been designed by Groot Ship Design, Netherlands, and constructed at CSL. Officials said there are eight vessels worth around Rs 110 crore each in this order.
Indian Hotels
Tata Group backed Indian Hotels Company (IHCL) announced on Thursday that it has entered into a share subscription agreement to acquire around 51% shareholding in Brij Hospitality for an amount not exceeding Rs 225 crore. IHCL said the transaction will happen directly or through its subsidiaries ANK and Pride subject to fulfilment of certain ‘condition precedents.’
Zydus Lifesciences
Zydus Lifesciences on Thursday said it has received final approval from the US health regulator for its generic version of Eltrombopag tablets, indicated for the treatment of thrombocytopenia (low platelet count) in specific blood disorders.
NTPC
State-run power giant NTPC on Thursday said its step-down arm NTPC Renewable Energy has begun commercial supply of 300 MW of electricity from its 500 MW Bhadla solar project in Rajasthan from January 13.
L&T
Larsen & Toubro (L&T) on Wednesday announced that the company’s heavy civil infrastructure business vertical has secured a ‘large’ order from Torrent Energy Storage Solutions Pvt Ltd for the construction of the 3000 MW Saidongar-1 Pumped Storage Project (PSP) in Maharashtra.