Axis Bank, Tech Mahindra, and Asian Paints to announce Q3 results this week

  • Stock Market News
Axis Bank, Tech Mahindra, and Asian Paints to announce Q3 results this week
Credit: © Reuters.

Several key companies including Axis Bank (NS: AXBK ), Tech Mahindra (NS: TEML ), and Asian Paints (NS: ASPN ) are gearing up to announce their Q3 financial results this week. Other firms such as Torrent Pharmaceuticals (NS: TORP ) and NDTV (NS: NDTV ) are also slated to present their performance metrics. Notably, due to the Dussehra holiday, no significant results will be announced on Tuesday.

In addition to these companies, Indus Towers (NS: INUS ), Jubilant Foodworks (NS: JUBI ), Welspun India, and Chalet Hotels are also expected to disclose their financial figures later in the week. This follows ICICI Bank (NS: ICBK )'s recent report of a 36% rise in its Q2 net profit. The bank attributed this increase to loan growth and a rise in fee income, while also noting that asset quality has remained stable.

Meanwhile, Jato Dynamics has reported a shift in the Indian luxury car market. For the first time, sales of vehicles priced over ₹1 crore have outpaced those within the ₹75-99 lakh bracket during the first nine months of 2023.

In other sector news, Ashok Vaswani is set to become the first non-promoter CEO of Kotak Mahindra Bank (NS: KTKM ). Vaswani brings with him a wealth of experience from his tenure at Barclays (LON: BARC ) and Citigroup (NYSE: C ). His leadership at Kotak Mahindra Bank is expected to be guided by this extensive background in the banking industry.

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