HDFC Bank, HUL among 50 cos to announce earnings

The third quarter earnings season is underway and about 50 companies will announce their results on Tuesday. Key results to watch out for include HDFC Bank, HUL, Tata Communications and Hudco.

Apart from the above, companies like Coforge, Go Digit, Heritage Foods, Laxmi Organics, Persistent Systems, Tips Music, Trident Lifeline, Polycab India, Monotype India and a few others will also declare their quarter results.

HDFC Bank Q3 expectations


India’s largest private lender HDFC Bank is expected to report a 7-8.4% year-on-year growth in its December quarter net interest income (NII) according to estimates by five brokerages. The NII range is seen between Rs 30,497 crore and Rs 30,867 crore.

HDFC Bank’s Q3 net profit could be in the range of Rs 15,873 crore to Rs 17,232 crore, the estimates said. While Nomura, Emkay Research and Yes Securities sees a topline growth between 2% and 5.5% on a YoY basis, Citi and Mirae Asset Sharekhan see a 0.7-3% decline over the corresponding quarter of the previous financial year.

Citi is the most conservative on NII numbers while Yes remains the most bullish among its peers. Gross slippages could rise due to the seasonal stress in the agri book.

The Street will watch out for growth in bank’s deposits and outlook on margins.

HUL Q3 expectations


FMCG major Hindustan Unilever Ltd (HUL) is likely to report muted numbers in the quarter ended December 2024 as the demand is weaker than expected. The urban demand continues to be under pressure even though rural growth is gradually recovering.

Revenues in the third quarter are expected to grow 2% year-on-year (YoY), according to an average estimate of four brokerages. Meanwhile, profit after tax (PAT) is seen rising around 3% YoY.

Most analysts expect underlying volume growth to be around 1%, impacted by the price increase in soaps and tea. The company has taken low single-digit price hikes at the portfolio level.

HUL’s growth has been hit by multiple factors, including adverse mix dynamics, input cost inflation, and subdued seasonal demand.

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