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Q2 Earnings 2024 Live Updates: While the majority of companies across sectors have already released their quarterly reports for Q2FY25, investors and market participants are keenly waiting for others to announce their Q2 numbers. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti Airtel, HUL, ITC, Marico, Dabur India, Adani Wilmar, Nestle India, BHEL, L&T, Adani Enterprises, Mankind Pharma, Dr Reddy’s Laboratories, GAIL, Punjab National Bank, Axis Bank, HDFC Bank, IRCTC, Bata India, Coal India, TVS Motor, Havells India, Paytm, Zomato, PVR Inox, Bajaj Auto, Piramal Pharma, among many others have announced their Q2 reports.
Today, companies like Apollo Hospitals Enterprises, Jindal Steel & Power, Blue Star, Gujarat Gas, Kansai Nerolac Paints, Trident, Sonata Software, Granules India, KPI Green Energy, JK Lakshmi Cement, Dhanuka Agritech, Kirloskar Ferrous Industries, Pricol, TeamLease Services, Avalon Technologies, Spencer Retail, among others are queued 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. A report by Motilal Oswal Financial Services (MOFSL) stated, “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.”
Also Read MSCI Index review on November 06: Alkem Lab, Voltas, Oberoi Realty, Adani Energy Solutions, BSE, other stocks may benefit Q2 Result 2024: Titan Company, GAIL, Mankind Pharma, Dr Reddy’s, Berger Paints, others releasing Q2 results today Q2 Result 2024: IRCTC, Exide Industries, Gland Pharma, Bata India, Raymond, P&G Health, others releasing Q2 results today Stocks To Watch: Hero MotoCorp, Zen Technologies, Premier Energies, Zomato, Apollo Hospitals, Sun Pharma, Afcons Infrastructure Live Updates 11:06 (IST) 6 Nov 2024 GAIL Q2 Results 2024 Live: Earnings miss due to normalisation of gas trading margin, says JM Financial
A report by JM Financial said,
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