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Q2 Earnings 2024 Live Updates: While majority of companies across sectors including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Nestle India, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Nykaa, Godfrey Phillips, LIC, SBI, Axis Bank, HDFC Bank, IRCTC, Coal India, JK Lakshmi Cement, Havells India, Paytm, ABFRL, Zomato, PVR Inox, Lupin, Hyundai Motor India, Tata Motors, have already released their Q2 results, market participants and investors are looking forward to remaining few companies to announce their quarter earnings.
Today, companies including Eicher Motors, Solar Industries India, Torrent Power, Kalyan Jewellers India, Alkem Laboratories, Vodafone Idea, Deepak Nitrite, Godrej Industries, Apollo Tyres, Sun TV Network, NBCC (India), Century Plyboards, Redtape, Happiest Minds Technologies, Thomas Cook (India), Senco Gold, Borosil, Pitti Engineering, Arkade Developers, Dish TC India, Vardhman Holdings, and several others are lined up to announce their Q2 numbers.
Till date, the corporate earnings scorecard for Q2FY25 has been weak but excluding commodities, it’s broadly in-line. 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.
Also Read Macroeconomic data, Q2 earnings, FIIs trading activity to guide markets this week: Analysts Q2 Result 2024: SBI, LIC, Tata Motors, MRF, Vedanta, Ashok Leyland, Fortis Healthcare, others releasing Q2 results today Stocks To Watch: Tata Steel, Power Grid Corp, Chambal Fertilisers, Gujarat Gas, Apollo Hospitals, Polycab, Mahindra & Mahindra, Lupin Q2 Result 2024 Highlights: Apollo Hospitals, Kansai Nerolac Paints, Trident, Spencer Retail, others releasing Q2 results today
Vipul Bhowar, Senior Director Listed Investments, Waterfield Advisors, said, “The notable downgrades in earnings forecasts in India can be attributed to several factors: weak consumer demand, cyclical economic conditions, decreased government spending, and adverse weather. This current downturn is part of a natural economic cycle, rather than a structural issue, and it is expected to improve in the coming quarters.”
Live Updates 11:37 (IST) 13 Nov 2024 Sula Vineyards Q2 Results 2024 Live: Profit drops by 37.29% at Rs 14.48 crore
Sula Vineyards Ltd reported a profit of Rs 14.48 crore during the second quarter of FY25,
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