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Q3 FY2024 Earnings Season: Top Nifty 50 Companies and Expected Announcement Dates

08 January 20246 mins read by Angel One
This article delves into the upcoming Q3 FY2024 earnings season for Nifty 50 companies. Read on to know more.
Q3 FY2024 Earnings Season: Top Nifty 50 Companies and Expected Announcement Dates
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As the financial year progresses, investors’ attention shifts to corporate earnings, which offer valuable insights into the financial health of companies and their prospects for the year ahead. The upcoming Q3 FY2024 earnings season for Nifty 50 companies is set to commence in January, with several heavyweights slated to announce their results in the coming weeks.

Tracking Key Earnings Dates and Volatility

Here’s a table outlining the expected earnings dates for 20 Nifty 50 companies, along with their current market capitalisation:

S.No. Name CMP (Rs) Mar Cap (Rs crore) Date of Q3 FY2024 Result Announcement Expected Timing IST (24H) Date of Q3 FY2023 Result Announcement
1 Infosys 1,512.70 6,27,753.94 January 11, 2024 15:45 January 12, 2023
2 TCS 3,666.80 13,41,700.95 January 11, 2024 After Market January 09, 2023
3 HCL Technologies 1,419.95 3,85,393.89 January 12, 2024 After Market January 12, 2023
4 HDFC Life Insur. 647.95 1,39,351.95 January 12, 2024 Not Disclosed January 20, 2023
5 Wipro 452.4 2,36,344.36 January 12, 2024 After Market January 13, 2023
6 HDFC Bank 1,690.85 12,83,813.65 January 16, 2024 After Market January 14, 2023
7 Asian Paints 3,379.95 3,24,396.38 January 17, 2024 After Market January 19, 2023
8 LTIMindtree 5,866.40 1,73,629.78 January 17, 2024 During Market January 20, 2023
9 UltraTech Cem. 10,014.80 2,89,113.92 January 19, 2024 Not Disclosed January 21, 2023
10 ICICI Bank 987.15 6,92,327.88 January 20, 2024 After Market January 21, 2023
11 Axis Bank 1,123.40 3,46,180.29 January 23, 2024 Not Disclosed January 23, 2023
12 Bajaj Auto 6,922.15 1,95,939.95 January 24, 2024 After Market January 25, 2023
13 Tech Mahindra 1,247.50 1,21,776.50 January 24, 2024 After Market January 30, 2023
14 Cipla 1,296.65 1,04,717.30 January 25, 2024 Not Disclosed January 25, 2023
15 JSW Steel 837.1 2,04,708.95 January 25, 2024 Not Disclosed January 20, 2023
16 Bajaj Finance 7,705.55 4,76,391.72 January 29, 2024 Before Market January 27, 2023
17 Bajaj Finserv 1,701.95 2,71,617.07 January 30, 2024 After Market January 30, 2023
18 Dr Reddy’s Labs 5,842.20 97,467.36 January 30, 2024 Not Disclosed January 25, 2023
19 Nestle India 27,116.40 2,61,444.71 February 07, 2024 During Market February 16, 2023
20 Hindalco Inds. 590.5 1,32,675.77 February 13, 2024 Not Disclosed February 09, 2023

Navigating Earnings Season Like A Pro

  1. Brace for Volatility: It’s essential to anticipate heightened volatility in these stocks, both before and after the earnings announcements. Price swings can be significant, driven by market reactions to the results.
  2. Focus on Key Performance Indicators: Pay close attention to revenue growth, profitability margins, earnings per share, and guidance for the upcoming quarters. These metrics provide a comprehensive understanding of a company’s financial performance and future outlook.
  3. Consider Sectoral Trends: Analyse the results within the context of broader sectoral trends. Identify sectors that are outperforming or underperforming, and assess the potential impact on individual stocks within those sectors.
  4. Seek Expert Insights: Consult financial analysts and experts who can provide in-depth analysis of the earnings reports and their implications for the market.

Stay Ahead of the Curve

By closely tracking these earnings announcements and carefully evaluating the results, investors can gain valuable insights into the overall health of the Nifty 50 and make informed investment decisions ahead of 2024. Remember, earnings season presents both opportunities and risks. Conduct thorough research, manage risk appropriately, and stay informed to navigate this crucial period successfully.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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