Q2 Earnings 2024 Live Updates: While majors like 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, ONGC, GAIL, Godfrey Phillips, LIC, SBI, Axis Bank, HDFC Bank, IRCTC, Coal India, JK Lakshmi Cement, Havells India, Paytm, ABFRL, Zomato, PVR Inox, Lupin, 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 Hyundai Motor India, Bosch, Zydus Lifesciences, General Insurance Corporation of India, UNO Minda, FSN E-Commerce Ventures Nykaa, 3M India, Suven Pharmaceuticals, Natco Pharma, Cello World, Finolex Cables, Reliance Power, NMDC Steel, Marksans Pharma, Minda Corporation, Sanofi Consumer Healthcare India, PN Gadgil Jewellers, Cera Sanitaryware, Religare Enterprises, Lux Industries, Allcargo Logistics, Cantabil Retail India, Yatra Online, Shalimar Paints, Liberty Shoes, 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. 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.”
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
Q2 Result 2024 Highlights: Apollo Hospitals, Kansai Nerolac Paints, Trident, Spencer Retail, others releasing Q2 results today
MSCI Index review on November 06: Alkem Lab, Voltas, Oberoi Realty, Adani Energy Solutions, BSE, other stocks may benefit
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.”
Live Updates
Q2 Results 2024 Live: Q2 earnings season nearing its end
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, Nestle India, Britannia, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Dr Reddy’s Laboratories, GAIL, LIC, Godfrey Phillips, SBI, HDFC Bank, IRCTC, Coal India, JK Lakshmi Cement, Havells India, Paytm, ABFRL, Zomato, PVR Inox, Lupin, Tata Motors, and others already having released their Q2 numbers, the second quarter earnings season is now nearing its end.
Q2 Results 2024 Live: Welcome to this live blog!
Good Morning! As the quarter earnings season is nearing its end, the majority of companies have already released their Q2 results and a few others are queued up to announce their numbers this week. We, at FinancialExpress.com, have been continuously bringing to you all the updates on these numbers. Going forward as well, we will continue to keep you updated on these numbers, dividends announced by firms, reasons leading to their growth and even factors affecting the businesses. Stay tuned.
From: financialexpress
Financial News
