Q1 Results: Avenue Supermarts, Geojit Financial Services, Plastibends India and others to report financials on July 13

First quarter results for today, July 13: At least five companies are set to announce their financial results for the first quarter of fiscal year 2025 today, Saturday, July 13.

The Q1FY25 earnings season kicked off on July 8, with many prominent companies announcing their first-quarter or Q1 results this week. Many more are also set to announce their results in the coming weeks.

In domestic markets, Q1FY25 results are expected to significantly impact stock movements. These earnings announcements are expected to span various sectors, offering insight into the broader economic landscape. From large technology companies to household names, these Q1 earnings reports will showcase trends and growth prospects.

Companies to Report Q1 Results Today — July 13

The five companies scheduled to announce their financial reports today include Avenue Supermarts, Bhansali Engineering Polymers, Plastiblends India, Geojit Financial Services and Excel Realty N Infra.

Avenue Supermarts – Preview

The DMart store operator released an update on its operations for the first quarter of fiscal year 2025 on July 3. Avenue Supermarts’ interim operating revenue for the first quarter of fiscal year 2025 was ₹13,711.87 crore, which is an increase of 18.3% over the previous year ₹11,584.44 in the same quarter a year earlier.

In a regulatory filing, Avenue Supermarts said its total store count as of June 30, 2024, was 371. The company added seven new stores in the quarter ended June 2024. The company’s revenue per store increased 5% YoY to ₹149 crore. Revenue per square foot increased by 4% YoY to ₹35,935.

As per brokerage firm Motilal Oswal, the difference between revenue/store and revenue/ft2 was ~1%. The brokerage firm has given Avenue Supermarts stock a ‘Neutral’ rating with a target price ₹5310 per share.

Foreign brokerage firm Citi said DMart’s first-quarter business results update shows no signs of accelerating growth and it remains cautious on the stock at its current valuation, given the risks associated with opening more stores, the report said.

Citi believes the company’s revenue per square foot remains challenged by an unfavorable product mix and new stores in smaller cities. The firm has a “Sell” rating on Avenue Supermarts shares with a target price ₹3400 per piece.