Q2 earnings season begins: TCS, IREDA, Tata Elxsi, DMart to release Q2 earnings this week; Here’s the full list – Industry News

The earnings season will begin this week and several big names like Tata Consultancy Services (TCS), IREDA, Tata Elxsi, Avenue Supermarts (DMart), Anand Rathi Wealth are expected to announce their results for the quarter ending September 31, 2024 The second quarter results are highly anticipated as they will provide insight into the performance and financial health of leading companies across all sectors.

According to a report by Elara Securities, the second quarter of FY25 will be the first in seven quarters to see a decline in earnings year-on-year and quarter-on-quarter as domestic cyclicals may struggle to fully offset the continued resistance from commodity sectors. “The unfavorable basis further aggravates the projected weakness. We expect sales in our services segment to increase by 5.4% in the second quarter of this year. However, earnings are likely to decline by 5 percent YoY, driven by a likely decline in non-financial EBITDA margin of 157 basis points YoY. Excluding raw materials, revenue and PAT growth is likely to be around 9 per cent each, suggesting that the underlying growth momentum may be slowing,” he said.

Moreover, Motilal Oswal Financial Services (MOFSL) said earnings are expected to remain flat due to cost coverage, while Nifty earnings are expected to grow by 2 percent YoY in the second quarter. “Modest earnings growth is likely to be driven again by BFSI, with positive contributions from technology, utilities and healthcare companies. Banks (Private + PSBs) will mainly account for the largest share in BFSI’s performance, with a growth of 10% YoY. Growth in profits of private banks and PSUs of 5 per cent respectively. and 17 percent y/y, although healthy, is the lowest for private banks in 12 quarters. Auto sector profits are likely to grow by 7 percent y/y, the lowest in ten quarters,” he said.

Here are the results for the second quarter of fiscal year 2025, which will be released this week:

October 7: Himalaya Food International Ltd, Shrenik, Padam Cotton Yarns, Genomic Valley Biotech, Orosil Smiths India, CMI.

October 8: Navkar Corporation, Emerald Finance, Hawa Engineers, Gautam Gems, Darshan Orna.

October 9: Lotus Chocolate Company, GTPL Hathway, Western Carriers India, Vivid Mercantile, Rhetan TMT, Kretto Syscon, RO Jewels.

In the first quarter of the current financial year, Lotus Chocolate reported a consolidated net profit of Rs 9.40 crore, higher than the Rs 0.19 crore posted in the first quarter of FY24. It reported revenue from operations of Rs 141.30 crore in Q1FY25 from Rs 32.30 crore recorded in Q1FY24.

October 10: Tata Consultancy Services, Indian Renewable Energy Development Agency, Tata Elxsi, Anand Rathi Wealth, Arkade Developers, Den Networks, GM Breweries, Hathway Bhawani Cabletel And Datacom, Ashoka Metcast Limited.

IT major Tata Consultancy Services Ltd (TCS) reported Q1 consolidated net profit at Rs 12,040 crore, up 8.7% year-on-year (YoY) despite decline in growth in several business areas year-on-year up to a year. Net margin for the quarter ending June 30, 2024 was 19.2%. It reported revenue for the quarter at Rs 62,613 crore as against Rs 59,381 crore in the same quarter of the previous fiscal.

The company also reported employment growth in the April-June quarter, the first after three straight quarters of declines. The company recorded an increase in employment by 5,452 people, ending the April-June period with total employment of 606,998 people. In March, TCS reported a sequential decline in headcount of 1,759 people even as revenues grew by 3.5% over the previous year.

October 11: Hathway Cable and Datacom, Reliance Industrial Infrastructure, Plastiblends India, Atishay, PVV Infra.

October 12: Avenue Supermarkets.

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, announced fiscal first quarter profit at Rs 773.82 crore, up 17.5% from Rs 658.71 crore in the same period last year year. It reported revenue from operations at Rs 14,069.14 crore, up 18.6% year-on-year. The company’s EBITDA increased by 18 per cent at Rs 1,221.3 crore as against Rs 1,035.3 crore in the previous year.