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    Q3 results today: RVNL, Glenmark among 696 companies to announce earnings on Friday



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    The third quarter earnings season is underway and about 696 companies will announce their results on Wednesday. Key results to watch out for include Samvardhana Motherson, RVNL, Glenmark, Swan Energy and Zen Tech.

    Apart from the above, companies like Aastamangalam Finance, ABFRL, Agribio Spirits, AGS Transact Technologies, Ahmedabad Steelcraft, Brightcom Group, Bajaj Consumer Care, Best Agrolife, Emami Realty, Mukka Proteins, Plaza Wires, Sunshine Capital and a few others will also declare their quarter results.

    Samvardhana Motherson Q3 expectations


    Samvardhana Motherson is likely to report 13% year-on-year (YoY) growth in its revenues to Rs 28,924 crore, while profit after tax is seen rising 68% YoY to Rs 912 crore, according to estimates from Kotak Equities.Execution of its healthy order book, along with contribution from recent acquisitions, should drive revenue growth.On a sequential basis, consolidated revenues could increase 4% qoq in 3QFY25, owing to an increase in EU PV production volumes and gradual ramp-up of new programs.

    “We estimate consolidated EBITDA margin to improve 30 bps yoy due to operating leverage benefits and cost-reduction initiatives,” Kotak said.

    Meanwhile, Motilal Oswal is penciling in a 13% YoY jump in revenues and a 47% growth in profits, mainly due to the contributions from acquisitions.

    “EBITDA margin expanded 40bp QoQ to 9.2%, led by seasonally better quarters in EU and ramp-up in new businesses,” Motilal Oswal said.

    Glenmark Pharma


    For Glenmark Pharma, analysts expect the company to report a profit of Rs 371 crore in the third quarter as against a loss of Rs 450 crore in the last year. Meanwhile, revenues from operations are seen rising 38% YoY.

    Motilal Oswal sees GNP US sales to remain flat YoY to $96 million, partly due to a lack of approvals and ongoing price erosion.

    “DF sales to grow at 4.5x YoY led by the lower base of last year due to inventory rationalization, double-digit growth in cardiac/derma, and in-licensing,” the brokerage said.

    (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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