Q2 results today: ITC, Adani Wilmar among 114 companies to announce earnings on Thursday

Synopsis

Today, 114 companies, including ITC, IndusInd Bank, and Godrej Consumer, will announce their second-quarter earnings for July-September 2024. ITC is expected to see modest growth in revenue and profit, while IndusInd Bank may see a slight dip in net profit despite some growth in net interest income.

The second quarter earnings season is underway and as many as 114 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of ITC, IndusInd Bank, Godrej Consumer, Adani Total, Adani Wilmar and ACC.

Apart from the above, Aarti Drugs, Agro Tech Foods, Birla Cable, Capital SFB, Castrol India, CIE Automotive India, Cyient Ltd, DCB Bank, IEX, LT Foods, Madhav Infra Projects, RR Kable, Sayaji Hotels, Trustwave Securities among others will also announce their quarterly numbers.

ITC Q2 expectations

Revenue from operations in the July-September 2024 period is likely to rise 7% year-on-year, according to an average estimate of four brokerages. Profit after tax, meanwhile, may rise by a marginal 3% year-on-year, the estimates showed.

EBITDA margins for the company are likely to decline up to 137 bps year-on-year, mainly due to the subdued performance paperboard business.

Key Monitorables for investors include demand outlook on rural versus urban, competitive intensity, raw material trends, hotels and agri business outlook.

IndusInd Bank Q2 expectations

Private sector lender IndusInd Bank is expected to see another quarter of weak operating performance and the bottomline may moderate, mainly due to the slowing loan growth.

Net profit for the quarter is likely to fall 3% year-on-year, according to an average estimate of four brokerages. Net interest income (NII), meanwhile, is seen rising 7% year-on-year.

The lender had already reported 13% year-on-year growth in its advances at Rs 3.15 lakh crore, while the same grew just 3% quarter-on-quarter. Meanwhile, deposits rose 15% year-on-year and 4% quarter-on-quarter.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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