Results today: Tata Steel, Shree Cement, Indigo and Bank of India among key Q3 earnings to watch

4 Feb 2022 , 10:00 AM

Tata Steel, Shree Cement, Bank of India and InterGlobe Aviation (Indigo) are among the major earnings scheduled for today among others. A host of companies have lined up to present their financial performance for the quarter ending December 2021 (Q3FY22).

In Q3FY22, Tata Group’s steel flagship company is in for a treat with top-line and bottom-line front witnessing robust growth. A large part of this growth will be led by realizations and its Europe business as it reported a 3% YoY decline in consolidated sales to 6.88 MT during the quarter. Also, consolidated EBITDA growth is pegged at 77.5% on a YoY basis, despite a surge in coking coal costs. Operating profit is seen to be strong on the back of higher spreads in the domestic and European steel markets.

Companies like One 97 Communications, Siemens, Aditya Birla Fashion, Alkem Laboratories, REC and Sun Pharma Advanced Research Company are also among key earnings.

Other companies are – Astral, Antony Waste Handling Cell, Birla Corporation, CMS Info Systems, City Union Bank, Devyani International, Godrej Agrovet, Jubilant Pharmova, Mahindra Lifespace Developers, Minda Corporation, Monte Carlo Fashions,  Thermax, Vadilal Industries, and Zee Learn.

Sensex and Nifty 50 traded in the red during Friday’s early deals, however, the downside was limited. The Indian markets tracked mixed global cues. IT and Auto stocks weighed on the benchmarks, while metal stocks outperformed counterparts. Investors react to major Q3 earnings of ITC and Titan. Indigo and Tata Steel will be in focus ahead of their quarterly financial performance.