Axis Bank, HDFC AMC, SBI Cards, Burger King, Ramco Cements among key Q3 earnings to watch today

24 Jan 2022 , 09:50 AM

A host of companies have lined up to announce their December 2021 (Q3FY22) quarterly financial performance on Monday. Banking and financial stocks will be in focus ahead of Axis Bank and HDFC AMC results today.

In Q3FY22, Axis Bank is expected to announce a strong quarter with double-digit growth in net interest income and profitability. Net interest margin is likely to record gradual improvement. However, provisions are likely to remain elevated but gross NPAs will moderate substantially. Higher LDR and improving share of low-cost deposits will be prominent margin drivers. Operating expense is likely to remain flat on a sequential basis.

Companies like Apollo Pipes, Apollo Tricoat Tubes, Burger King India, Cera Sanitaryware, The Ramco Cements, SBI Cards and Payment Services, Shriram Transport Finance and Steel Strips Wheels are some of the major companies to announce their Q3 today.

Other companies are – Chennai Petroleum Corporation, Craftsman Automation, Deepak Nitrite, Greenpanel Industries, GRM Overseas, Hindustan Fluorocarbons, Indian Energy Exchange, IIFL Capital Services, IndiaMART InterMESH, Kirloskar Ferrous Industries, Mahindra EPC Irrigation, Meghmani Finechem, Quick Heal Technologies, Music Broadcast,  Reliance Home Finance, Shemaroo Entertainment, Shiva Cement, Sudarshan Chemical Industries, Supreme Industries, and Zensar Technologies.

Indian markets traded lower today tracking weak global cues and broad-based selloff across sectoral indices. Sensex was near 58,500, while Nifty 50 performed under 17,440. Investors await major Q3 earnings for placing their bets.