Q2 Earnings 2024 Live Updates: While major companies across sectors have already released their Q2 numbers for FY25, market participants and investors are keenly waiting for many others to announce their earnings report. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Adani Wilmar, Nestle India, BHEL, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Dr Reddy’s Laboratories, GAIL, Punjab National Bank, Axis Bank, HDFC Bank, IRCTC, Coal India, JK Lakshmi Cement, Havells India, Paytm, ABFRL, Zomato, PVR Inox, Lupin, Piramal Pharma, among many others have announced their Q2 reports.
Today, companies like State Bank of India, Life Insurance Corporation of India, Tata Motors, Vedanta, Power Finance Corporation, Info Edge India, Ashok Leyland, MRF, Premier Energies, Fortis Healthcare, Ola Electric Mobility, Whirlpool of India, Welspun Corp, SignatureGlobal India, Relaxo Footwears, India Cements, Metropolis Healthcare, Mrs. Bectors Food Specialities, Inox India, Puravankara, Shipping Corporation of India, Star Cement, Ethos, Orient Cement, Khadim India Limited, VIP Clothing, Noida Toll Bridge Company, among others are lined up to release their Q2 earnings report.
Till date, the corporate earnings scorecard for Q2FY25 has been weak but excluding commodities, it’s broadly in-line. According to areport by Motilal Oswal Financial Services (MOFSL), “The earnings spread has deteriorated, with only 62 per cent of MOFSL Coverage Universe either meeting or exceeding profit expectations. Consumption has emerged as a weak spot while select segments of BFSI are seeing asset-quality stress. Nifty FY25 EPS has seen another 1 per cent cut after a 4 per cent cut in preview. Overall Nifty EPS has seen 7 per cent downward revision in the last six months, reducing the expected FY25 earnings growth to just 5 per cent, weakest since FY20.”
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India Inc is also under scanner as the country is watching its performance in the previous quarter and also the impact of the recent victory of Donald Trump in the US presidential election on the performance during the ongoing quarter and fiscal year.
Live Updates
Q2 Results 2024 Live: Q2 earnings season in full swing
With majors across sectors including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti Airtel, HUL, ITC, Marico, Dabur India, Adani Wilmar, Nestle India, Zomato, Paytm, ICICI Bank, HDFC Bank, Kansai Nerolac Paints, Mankind Pharma, Dr Reddy’s Laboratories, Apollo Hospitals, Mahindra and Mahindra, Trent, Cummins India, Lupin, Aditya Birla Fashion & Retail, Maruti Suzuki, already having released their Q2 numbers, the second quarter earnings season has picked up pace and is now in full swing.
Q2 Results 2024 Live: Welcome to this live blog!
Greetings! The quarter earnings season is not in full swing and we, at FinancialExpress.com, are continuously bringing to you all the updates on performance of India Inc across sectors. Going forward as well, we will continue to keep you updated on these numbers, dividends announced by firms, reasons leading to their growth and even factors affecting the businesses. Stay tuned.
From: financialexpress
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