Infosys Q2 Results: PAT rises 3% YoY to Rs 6,212 crore; firm trims FY24 revenue guidance

Infosys Q3 Results: Infosys reports a Q3 net profit of Rs 6,106 crore, down 7% YoY. Meanwhile, its Q3 revenue rose 1% to Rs 38,821 crore. The IT major revised revenue guidance for FY24 to 1.5%-2% in constant currency terms. It bagged $3.2 billion worth of large deals in Q3 and the attrition rate declined to 12.9%.

Leading PSU NTPC Ltd reported 7% year-on-year growth in its consolidated net profit at Rs 5,209 crore in the quarter ended December 2023.

Tata Motors Q3 Results: Tata Motors reported a surge in consolidated net profit for the quarter ended December, surpassing expectations. Consolidated revenue from operations also increased. The company's EBITDA and operating margin showed significant growth despite rising raw material costs. Consolidated finance costs reduced due to a reduction in gross debt.

Consolidated revenues for the second quarter rose 19% to Rs 51,024 crore, primarily aided by improved execution of the large order book and accelerated progress in the projects and manufacturing portfolio.

Nestle India's net profit for the December quarter is seen rising 18% YoY to Rs 745 crore, according to the average of estimates given by eight brokerage firms. Revenue is seen rising 10.3% to Rs 4,697 crore and the operating profit by 15.3% to Rs 1,126 crore.

For FY23, the company reported a 11% drop in consolidated net profit to Rs 1,282 crore, despite a 12.4% growth in revenue to Rs 8,749 crore.

​​Reliance Q3 Results: The profit figure was higher than an ETNow poll of Rs 16,944 crore. Consolidated revenue from operations rose 3.6% YoY to Rs 2.28 lakh crore, a tad lower than the estimated Rs 2.36 lakh crore. EBITDA grew nearly 17% YoY to Rs 44,678 crore, led by growth across all business segments.

For FY24, the company has guided for sales to grow by a mere 4-7% in constant currency terms, which highlights the challenges it oversees for business in the current year. Operating margin is expected to be in the range of 20-22%.

Tata Consumer Products reported 3% growth in its consolidated net profit at Rs 338 crore in the July-September period.

HDFC is predicted to report a 4% YoY growth in net profit for Q4 due to provisions, while Dabur's revenues are expected to increase by 5%. Meanwhile, Tata Power could post a 13% YoY growth in revenue and a 50% rise in net profit, while TVS Motor's earnings are set to benefit from a favourable mix. Finally, Hero MotoCorp may report an 11% YoY growth in revenue and a 120 bps QoQ improvement in EBITDA margins. Adani Enterprises' profit and revenue figures are not available as they announce their Q4 results amid ongoing investigations.