Today, 114 companies will reveal their financial results for the second quarter of 2024 (July-September). Some major names to watch out for include ITC, IndusInd Bank, Godrej Consumer, Adani Total, Adani Wilmar, and ACC. Alongside these, companies like Aarti Drugs, Agro Tech Foods, Birla Cable, Castrol India, DCB Bank, and LT Foods will also announce their Q2 earnings.
ITC Q2 Expectations:
ITC is expected to report steady growth, with its cigarette, hotel, and agriculture businesses performing well, although its paperboard division remains weak. Revenue is expected to grow by 7% compared to the same time last year, while profit may rise by only 3%. Investors will closely watch the company’s rural vs. urban demand outlook and the performance of its hotels and agri businesses.
IndusInd Bank Q2 Expectations:
IndusInd Bank is expected to show weak performance this quarter, with profit likely to drop by 3% compared to last year, despite a 7% rise in net interest income. The bank has already reported a 13% growth in loans compared to the same period last year, but only 3% growth from the previous quarter. Deposits rose 15% year-on-year and 4% from the last quarter.
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