Major Companies Announce Q1 Results Today: ICICI Bank, Dr. Reddy’s, and More

Q1 Results Today: July 27

Today, July 27, 30 companies are set to release their Q1FY25 financial results, including ICICI Bank, Dr. Reddy’s Laboratories, MCX, and Punjab National Bank.

The Q1 results season began on July 8, with several prominent companies already reporting their earnings this week. More companies will release their reports in the coming weeks.

These results cover various sectors and are expected to significantly impact stock movements on the BSE and NSE, providing insights into the broader economic landscape. The recent Budget 2024 announcement also influenced stock markets and the broader economy.

Market Watch

Markets closed on a high on Friday, July 26, recovering from the Budget 2024 impact amid increased capital gains tax and STT on derivatives. Despite subdued global cues and foreign portfolio investors (FPIs) pulling out of Indian equities post-Budget, indices saw a notable recovery.

The Nifty 50 jumped 2.70%, reaching 24,861 points, while the S&P BSE Sensex gained 1.62%, ending the week at 81,322 points, just shy of its peak.

Companies Posting Q1 Results Today — July 27

REC, Punjab National Bank, Sumitomo Chemical India Limited, Multi Commodity Exchange of India (MCX), IDFC First Bank, Jaiprakash Power Ventures, Jammu and Kashmir Bank, SBFC Finance, Transport Corporation of India, IFB Industries, Spandana Sphoorty Financial, Shaily Engineering Plastics, Meghmani Organics, Vishal Fabrics, Smruti Organics Limited, Premco Global, Oswal Yarns, 3p Land Holdings, Sacheta Metals, IEC Education, ICICI Bank, Finolex Industries, Dr. Reddy’s Laboratories, Anant Raj, Genus Power Infrastructures, Alankit, Asahi Songwon Colors, Alkali Metals, Astal Laboratories, Gujarat Cotex, and others.

ICICI Bank Q1 Results Preview

ICICI Bank is set to announce its Q1FY25 results today, July 27, following a strong performance in the previous quarter driven by improved asset quality and credit growth.

Analysts and brokerages expect steady growth for India’s second-largest lender by market cap in Q1FY25, with an estimated net profit rise of 8-10% and net interest income (NII) growth of 12%. Key metrics to watch include net interest margin (NIM) and deposit growth, which reflect a bank’s profitability.

ICICI Bank shares have rallied 20.6% year-to-date (YTD) and 22% in the last year. On Friday, shares settled 0.81% higher at ₹1,207.70 against a 52-week high of ₹1,257.65 apiece on the BSE. The bank’s market cap stands at ₹8,50,020.53 crore.