Q3FY22: L-;T, Dr Reddy's Lab, Kotak Bank, Britannia among key earnings to watch

28 Jan 2022 , 10:16 AM

Larsen & Toubro, Dr Reddy’s Labs, Kotak Mahindra Bank, Britannia Industries and Vedanta are among major earnings to watch out for today for the quarter ending December 2021 (Q3FY22) period. These stocks will be in focus on stock exchanges amid Q3 results.

During Q3FY22, L&T is expected to record a healthy top-line front due to substantial growth in power, infrastructure and HC segments. The company’s inflows are seen to be flattish due to delays in government orders, high base effect of Q3FY21. However, L&T’s order pipeline continues to be strong. EBIT margins are expected to improve profitability.

Meanwhile, in Q3FY22, Dr Reddy’s Lab is seen to report double-digit growth in the profitability and top-line front. The business in the US will be robust, while domestic business will get a lift from sales of Sputnik. However, sequentially, the performance is expected to be lacklustre.

In Q3FY22, Kotak Bank’s loan book will be stellar, while the drop in credit costs to support overall profitability. Interest margins will remain stable, whereas, lower slippages are likely to be reflected in Gross NPA.

Britannia is expected to record mixed earnings this Q3 with profitability seen to be under pressure and revenue logging robust growth. Volume growth is estimated to be flat amid weak demand in rural markets. High input cost inflation (Agri commodities, packaging) could pull down gross and EBITDA margin. Sequential performance, though, is likely to be aided by price hikes and reduction in grammage.

Other companies that will announce their Q3 results today as well are – 3i Infotech, Aptus Value Housing Finance, Arvind SmartSpaces, Asahi India Glass, Atul, AU Small Finance Bank, Bajaj Healthcare, Bharat Electronics, Blue Dart Express, CARE Ratings, Central Bank of India, Chambal Fertilisers, Chemplast Sanmar, Crompton Greaves Consumer Electricals, Deepak Fertilisers, Dixon Technologies, Equitas Small Finance Bank, Happiest Minds Technologies, Karnataka Bank, Marico, Max Financial Services, Info Edge, Oberoi Realty, Suzlon Energy, Tata Coffee, United Breweries, UTI Asset Management Company, and Zenotech Laboratories.