Today, around 70 companies are set to announce their earnings for the second quarter of the fiscal year (Q2FY25) on October 22. This earnings release is highly anticipated by investors and analysts alike. Among the key companies reporting today are Zomato, Varun Beverages, Bajaj Finance, Paytm, ICICI Prudential Life Insurance, Coforge, Adani Green Energy, Persistent Systems, Amber Enterprises India, Aditya Birla Real Estate, and Indus Towers.
In addition to these firms, several others including Adani Energy Solutions, Can Fin Homes, Chennai Petroleum Corporation, Choice International, Gujarat Mineral Development Corporation, Goodyear India, IIFL Securities, Jubilant Ingrevia, Kajaria Ceramics, Mahindra & Mahindra Financial Services, Max Financial Services, NDL Ventures, Olectra Greentech, Persistent Systems, Pet Plastics, Prime Securities, Rajath Finance, Royale Manor Hotels & Industries, Regis Industries, Responsive Industries, RO Jewels, Salasar Techno Engineering, Shoppers Stop, SRF, Supreme Industries, Swastika Investmart, Tokyo Plast International, Ugro Capital, Vikas Lifecare, Welspun Specialty Solutions, and Zensar Technologies will also share their results today.
These earnings reports are expected to offer valuable insights into each company’s financial health and market strategies moving forward.
Zomato’s Q2 Preview
Zomato, the popular online food delivery service, will release its financial results for the second quarter of FY25 today. Analysts anticipate that Zomato will experience a significant increase in both revenue and net profit for the quarter ending in September 2024. They attribute this growth to the company’s expansion in food delivery services and increased earnings from its Hyperpure and Blinkit segments, which are expected to contribute positively to its overall performance for Q2FY25.
Paytm’s Q2 Preview
In its earnings report today, analysts expect Paytm to show improved revenue growth. However, the company is also projected to see an increase in losses. Estimates suggest that Paytm will report a net loss of approximately ₹660 crore in Q2FY25, compared to a net loss of ₹290 crore during the same period last year, according to analysis from Motilal Oswal Financial Services.
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