Today marks a big day in India’s Q2 earnings season, with 173 companies set to release their results for July-September 2024. Major companies to watch include Airtel, Sun Pharma, Adani Power, Indian Oil, Ambuja, PNB, Suzlon, Tata Tech, BHEL, and RailTel. Others like Aditya Birla Sun Life, Ajanta Pharma, Federal Bank, Indian Bank, Pfizer, and Motilal Oswal will also unveil their earnings.
Airtel Q2 Preview
Bharti Airtel is expected to show strong growth in net profit, potentially between Rs 4,570 crore and Rs 5,217 crore, translating to a year-on-year rise of 103-254%. Analysts predict revenues in the range of Rs 40,822 crore to Rs 41,591 crore, driven by high Average Revenue Per User (ARPU) and solid business performance. Among brokerages, Kotak is the most optimistic about Airtel’s revenue and profit growth, while Centrum takes a more conservative view.
Sun Pharma Q2 Preview
Sun Pharma is expected to post healthy revenue growth, likely around a 10% increase from last year, driven by strong domestic performance and higher U.S. specialty sales. Net profit could rise up to 25% year-on-year. U.S. sales, including growth in gRevlimid and gPentasa, are estimated at $482 million for the quarter. While gross margins may improve, higher R&D expenses could put some pressure on EBITDA margins.
Analysts and investors alike are watching these key earnings announcements for guidance on future performance and market trends.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
