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Q2 Earnings 2024 Live Updates: With majority of companies across industries 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, Vodafone Idea, 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, among others having already released its Q2 numbers, the quarter earnings season is finally coming to a close. Today, more than 900 companies are lined up to announce their Q2 results.
Companies including Hindustan Aeronautics, Grasim Industries, Hero Motocorp, Muthoot Finance, Bharat Forge, Glenmark Pharma, Ipca Laboratories, Bharat Dynamics, Global Health, Delhivery, Schneider Electric Infrastructure, PTC Industries, Swan Energy, Reliance Infrastructure, Lemon Tree Hotels, Surya Roshni, Nazara Technologies, Easy Trip Planners, Kirloskar Industries, Honda India Power Products Limited, Hinduja Global Solutions, Suraj Estate Developers, Vadilal Industries, Omaxe, Bajaj Healthcare, Balaji Telefilms, and several others are lined up to announce their Q2 numbers today (November 14).
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. 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.”
Also Read Macroeconomic data, Q2 earnings, FIIs trading activity to guide markets this week: Analysts Ashok Leyland registers Q2 profit of Rs 770 crore, up 37% MSME-focused NBFC Profectus Capital raises $25 million via NCDs to IFC Q2 Result 2024: M&M, Trent, Lupin, Escorts Kubota, Bajaj Electricals, Emami, others releasing Q2 results today Live Updates 11:48 (IST) 14 Nov 2024 Yatra Online Q2 Results 2024 Live: Steady operating performance, » Read More
