Wednesday, October 30, 2024

Q2 results today: Maruti, Adani Enterprises among 139 companies to announce earnings on Tuesday

Tuesday, October 29, 2024, 1:57
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The second quarter earnings season is underway and as many as 139 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of Maruti, Adani Enterprises, Adani Ports, Cipla, Canara Bank, SBI Cards, Hudco.Apart from the above, Apar Industries, APL Apollo Tubes, BCL Industries, Blue Jet Healthcare, Container Corp, Edelweiss Financial, Force Motors, Goenka Business, Kaka Industries, Vedant Fashions, Star Health and a few others will announce their quarterly results.Maruti Q2 expectationsIndia’s leading passenger car maker Maruti Suzuki is expected to report muted numbers for the July-September 2024, mainly due to decline in the volumes.Revenue from operations are likely to remain flat year-on-year, according to an average estimate of four brokerages. Net profit for the quarter is seen falling up to 5% year-on-year, the estimates revealed.Volumes for the second quarter fell 2% year-on-year, due to weakness in both entry level vehicles and utility cars. The poor growth in volumes will be partially offset by better product mix.Cipla Q2 expectationsDrug maker Cipla is expected to report a 3-6% growth in its revenues for the September ended quarter according to the estimates given by four brokerages. The topline is pegged in the range of Rs 6,892 crore – Rs 7,091 crore. Company’s net profit may go up between 4% and 5.7%, these estimates said. The bottomline could be in the range of Rs 1,168 crore to Rs 1,215 crore.The most conservative revenue estimates have been given by Kotak while Nuvama remains most bullish on this metric.On the net profit front PhillipCapital has lowest estimates among its peers while Axis Securities has the highest.(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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