Q3 results this week: Maruti Suzuki, SBI, ITC, HUL, HDFC

After a week full of banking and financial companies publishing their quarterly earnings, this week also sees a number of top firms coming out with their numbers.

Dr Reddy’s Labs, HDFC, Interglobe Aviation and United Spirits will announce their numbers on Monday. Tuesday will see carmaker Maruti Suzuki present its Q3 results.

Bajaj twins, Pidilite and Jubilant Foodworks will follow on Wednesday, while Bharat Electronics, Bajaj Auto, Indian Oil, Marico and Bharti Infratel will release their numbers on Thursday. SBI, ITC, Power Grid, HUL and Tech Mahindra are scheduled to publish their earnings on Friday.

Here is how analysts expect the result of major companies:

Dr Reddy’s Laboratories: The pharma major is likely to report 10-16 per cent rise in net profit for the December quarter on an 8-10 per cent jump in sales.

HDFC: The mortgage lender may report its third-quarter net profit multiplied nearly three to four times, buoyed by one-time fair value gain on derecognition of investment in Gruh Finance, when it details its report card on January 27.

Bajaj Finance: Bajaj Finance is expected to post 50-60 per cent rise in net profit for the December quarter, aided by the corporate tax cut. It is seen reporting net interest income (NII) growth of 32-27 per cent.

Maruti Suzuki India: The carmaker is likely to post a double-digit growth in net profit for the quarter ended December, due to a low base effect and volume stability returning, along with higher prices for the leading car maker.

Bajaj Auto: The auto giant is expected to post 7-12 per cent year-on-year rise in net profit for the December quarter on a single-digit revenue growth of 3-6 per cent.

SBI: Analysts expect a sharp rise in December quarter net profit for State Bank of India thanks to the proceeds of around Rs 12,000 from the resolution of Essar Steel case. However, the slippages are also expected to rise during the quarter.

ITC: Riding on corporate tax cuts, ITC is seen reporting over 20 per cent jump in net profit for the December quarter. Cigarette volume for the FMCG player is expected to grow at 3-4 per cent. Growth in cigarette sales is seen at 5-8 per cent.

HUL: Hindustan Unilever is expected to report 16-18 per cent year-on-year rise in net profit for the December quarter. Volume growth may remain tepid at 3 per cent due to delays in the onset of winter on its winter portfolio.