2024-10-17 08:31:06 :
Q2 results today: Indian stocks have been volatile amid a mixed global situation and domestic corporate earnings season. A total of 36 companies will announce their financial results for the second quarter of fiscal 2025 today.
Companies that will report second-quarter results today include Infosys, Wipro, Axis Bank, LTIMindtree, Nestle India, Tata Chemicals, Tata Communications, Indian Overseas Bank, Central Bank of India, Havells India, Jindal Stainless Steel, Ceat and Polycab India.
Apart from this, 5paisa Capital, Geojit Financial Service, Dhanlaxmi Bank, Ador Multiproducts, Amalgamated Electricity Co., ARC Finance, Continental Securities, Deccan Bearings, Eimco Elecon (India), Galaxy Egrico Exports, Gujarat Lease Financing, Harshil Agrotech, IGC Industries, Mahindra EPC Irrigation, Moohgipa Capital Finance, National Standard, Quick Heal Technologies, Shemaroo Entertainment, Steel Exchange India, SW Investments and Tanla Platforms will also announce their second-quarter results today.
Infosys second quarter results preview
Infosys, India’s second-largest IT services company, is expected to post revenue growth on big deal wins, but margins are likely to remain steady. For the quarter ending September 2024, Infosys revenue is expected to grow 3.74% to $40,785 Crores Rs. $39,315 crore in the previous quarter. In U.S. dollar terms, second-quarter revenue is expected to increase 3.2% quarter-on-quarter to $4.865 billion, according to a Livemint survey of eight brokerages.
The net profit of the IT professional company in the second quarter of FY25 is expected to increase by 5.86% from the previous quarter. $6,741 crore, while EBIT is expected to grow 4.3% sequentially $8,636 crore, the EBIT margin is likely to improve by 7 basis points to 21.17%.
Wipro second quarter results preview
Most D-Street analysts expect Wipro to post decent net profit growth, but margins and revenue are likely to be flat due to soft trading and the impact of one-month wage hike. Average brokerage forecasts suggest that Wipro’s net profit may grow by 9-12%, while revenue may fall by 2%.
Axis Bank second quarter results preview
Private sector lender Axis Bank expects net profit to rise 8-9% year-on-year in the quarter ending September 2024, with net interest income (NII), non-interest income, and reduced slippages.
According to the average estimate of five brokerages, Axis Bank’s NII for the second quarter of fiscal 2025 is expected to increase by 10% year-on-year. While slippage is expected to increase 29% year over year, it is expected to decrease 12% compared to the previous quarter.
Loan growth is expected to be moderate this quarter, up 2% quarter-on-quarter but up 11% year-over-year.
Disclaimer: The above views and recommendations only represent the views and recommendations of individual analysts or brokerage firms and have nothing to do with Mint. Investors are advised to consult a certified expert before making any investment decisions.
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