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Q2 Earnings 2024 Live Updates: With the majority of the companies across sectors having already released their Q2 numbers for FY25, investors and market participants are keenly waiting for others to announce their earnings for the quarter. 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, 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, Zomato, PVR Inox, Bajaj Auto, Piramal Pharma, among many others have announced their Q2 reports.
Today, companies like Mahindra and Mahindra, Trent, Cummins India, Lupin, Rail Vikas Nigam, Indian Hotels Company, NHPC, Linde India, Abbott India, Steel Authority of India, Page Industries, Astral Limited, Escorts Kubota, Cochin Shipyard, Aditya Birla Fashion & Retail, Emami, Alembic Pharmaceuticals, Gujarat State Petronet, Ircon International, NCC, Akzo Nobel India, Eureka Forbes, Happy Forgings, Va Tech Wabag, Bajaj Electricals, Allcargo Gati, 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.”
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 What to watch for trade on November 05? Focus on NSE, Gland Pharma, Bharti Airtel and NTPC Q2 Result 2024: IRCTC, Exide Industries, Gland Pharma, Bata India, Raymond, P&G Health, others releasing Q2 results today Live Updates 11:48 (IST) 7 Nov 2024 Sonata Software Q2 Results 2024 Live: Performance across businesses
International IT Services:
Revenue: Rs 707.9 crores;
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