Big Day for Q1 Earnings: Tata Steel, Maruti Suzuki, Adani Power Set to Announce Results Today

Today, 116 companies are expected to reveal their quarterly earnings, according to the Bombay Stock Exchange website. Major companies like Tata Steel, Adani Power, Ambuja Cements, and Maruti Suzuki will be among them.

Q1 Earnings Announcements Today

Some of the companies announcing their results today include Action Construction Equipment, Adani Power, Ambuja Cements, Aster DM Healthcare, Bank of Baroda, Bharat Heavy Electricals, Coal India, Crompton Greaves Consumer Electricals, Deepak Fertilisers & Petrochemicals Corporation, Fino Payments Bank, Godrej Properties, Greenply Industries, Heidelbergcement India, IIFL Securities, JK Lakshmi Cement, KPR Mill Limited, Mahindra & Mahindra, Maruti Suzuki India, Nilkamal, OnMobile Global, Prestige Estate Projects, Puravankara, Relaxo Footwears, Tata Investment Corporation, Tata Steel, Thomas Cook (India), and Zee Entertainment Enterprises.

Maruti Suzuki Results Preview

Maruti Suzuki, India’s largest car maker, is expected to see a 5% increase in volume in Q1FY25 due to strong demand for Utility Vehicles, which grew by 29% year-on-year. However, entry-level models saw a 4% decline. Revenue is predicted to rise by 8.3% year-on-year to ₹35,019 crore, and net profit is expected to jump by 38% to ₹3,427 crore, according to Motilal Oswal Financial Services.

Tata Steel Results Preview

Tata Steel is likely to report a 79.4% year-on-year increase in net profit, reaching around ₹1,100 crore in Q1 FY25 compared to ₹600 crore in the same quarter last year. However, net sales are expected to decrease by 2.5% to ₹58,000 crore from ₹59,500 crore the previous year. EBITDA is anticipated to improve by 15% to ₹6,000 crore, up from ₹5,200 crore in Q1FY24, as per Motilal Oswal Financial Services.