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Q2 Earnings 2024 Live Updates: With majors like 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, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Dr Reddy’s Laboratories, GAIL, LIC, SBI, Punjab National Bank, Axis Bank, HDFC Bank, IRCTC, Coal India, JK Lakshmi Cement, Havells India, Paytm, ABFRL, Zomato, PVR Inox, Lupin, Tata Motors, among many others having already released their Q2 earnings report, the earnings season is in full swing. Now, market participants and investors are keenly waiting for many others to announce their earnings report.
Today, companies like Oil and Natural Gas Corporation, Hindalco Industries, Britannia Industries, Shree Cements, NMDC, Bank Of India, Jubilant Foodworks, Godfrey Phillips India, Hindustan Copper, The Ramco Cements, Devyani International, Triveni Turbine, Blue Dart Express, PG Electroplast, BEML, Zydus Wellness, Balrampur Chini Mills, Keystone Realtors, Power Mech Projects, Orchid Pharma, Electronics Mart India, Dollar Industries, Bajaj Consumer Care, Parle Industries, 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 a report 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.”
Weak numbers from India Inc for the quarter have led to the biggest downgrades in earnings estimates since early 2020, according to Jefferies. The brokerage firm said it has downgraded earnings estimates for 63 per cent of the 121 companies under its coverage that have reported their latest quarterly results.
Live Updates 10:46 (IST) 11 Nov 2024 Q2 Results 2024 Live: Q2 earnings season in full swing
With major companies across sectors including TCS, HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Adani Wilmar,
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