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According to Phillip Capital, the fast-moving consumer goods major is likely to report a profit after tax of Rs 363.2 crore in October-December, down 0.3 per cent sequentially and 33.5 per cent on-year.

Income from continuing operations rose to Rs 853.89 crore in the third quarter as against Rs 764.02 crore in the October-December period of the previous fiscal, Wockhardt said in a regulatory filing.

Revenue from operations was at Rs 2,275.66, up 50.39 per cent from Rs 1,513.16 crore in the year-ago quarter.

Analysts at Sharekhan said L&T is expected to see muted net earnings on account of pressure on margins and lower other income year-on-year (YoY). The weak performance from L&T will also drag down the performance of the entire sector.

Nowadays, the real expectations from the Budget are low, rather high only on paper. And it is further low when key states or national elections are scheduled. This time, the expectations look upgraded on media given the aura of the reformist government.

“Non-corporate India which includes the unorganised sector and the MSMEs are still hurting quite badly. Since the bulk of employment and income generation in the country is driven by the non-corporate sector, this kind of growth will tend to start going towards stagnation a couple of years down the road because the consumption base would not be growing, ” says Sen in an interview with ETMarkets.com.

The consolidated results include the performance of the operating subsidiaries in USA (QEI, LLC) and in Sweden, Germany and Netherlands (Drives and Automation Europe) and other non-operating and holding subsidiaries, the filing said.

IIFL Securities estimates real GDP growth in FY23 to be 7.4 per cent and given recent trends, there can be upsides to this

The earnings before interest, tax, depreciation and amortization (EBITDA) decreased 17% YoY to Rs 290 crore. The EBITDA margins dropped by 540 basis points to 28.2%.

In the international market, gold was trading lower at $1,810 per ounce and silver was flat at $23.10 per ounce.