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Q3 results this week: ICICI Bank, ZEEL, Asian Paints, HDFC AMC, L&T, BoB

HDFC AMC and Zee Entertainment will come out with their earnings numbers on January 21.

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Last Updated: Jan 20, 2020, 03.03 PM IST
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Asian Paints, Axis Bank, CEAT, L&T, Motilal Oswal Financial Services, Raymond, RBL Bank and SBI Life Insurance are scheduled to post their results on January 22.
NEW DELHI: Financial companies will remain in focus on Dalal Street in the next few sessions, as banks will form the major chunk of key firms that will announce their December quarter earnings this week.

Federal Bank, Kotak Mahindra Bank and Bank of Maharashtra will come out with their earnings numbers on January 20, followed by HDFC Asset Management, ICICI Prudential Life Insurance and Zee Entertainment on January 21.

Asian Paints, Axis Bank, CEAT, L&T, Motilal Oswal Financial Services, Raymond, RBL Bank and SBI Life Insurance are scheduled to post their results on January 22. Biocon, Canara Bank and HDFC Life Insurance will follow on January 23 and Bank of Baroda and Ultratech Cement the next day. ICICI Bank will release its numbers on January 25.

Here is how analysts expect the result of major companies:

Larsen & Toubro: L&T is likely to report double-digit rise in profit for the December quarter. But the growth in order inflows may stay tepid, which may push the company cut its FY20 order inflow guidance, said analysts.

ICICI Bank: The top private lender is expected to report 150-200 per cent surge in December quarter net profit on Saturday.

Ultratech Cement: UltraTech Cement may report a 100 per cent year-on-year jump in profit for the December quarter on Friday. Sales for the same is seen rising anywhere between 7-17 per cent.

Axis Bank: Private sector lender Axis Bank may report robust financial results for the quarter ended December 31 amid expectations of improvement in net interest income (NII) and stable asset quality.

Asian Paints: Asian Paints is set to report double-digit growth in profit helped by lower commodity prices and tax cuts, with margins set to expand on the back of softer crude prices, analysts said.

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