Today, on October 26, over 30 companies are set to announce their financial results for the July-September 2024 quarter. Among them are major players like ICICI Bank, YES Bank, IDFC First Bank, JK Cement, REC Ltd, and Titagarh Rail. With these Q2 results, investors will gain insights that could impact the markets and reveal trends in India’s economic outlook.
Key Q2 Results to Watch:
- ICICI Bank: Expected to report a net profit of ₹11,106 crore for Q2 FY25, marking an 8.2% rise from ₹10,261 crore last year, as per a Livemint survey of seven brokerages. Its Net Interest Income (NII) is projected to grow 9.6% year-on-year, reaching ₹20,071 crore.
- YES Bank: Analysts predict relatively flat results due to moderate growth in deposits during Q2FY25.
- IDFC First Bank: Expected to show strong Q2 performance in terms of advances and deposits. However, net profit may see a drop due to high provisioning costs, impacting year-on-year and quarter-on-quarter growth.
Coming Up Next:
Continuing earnings season, companies like Adani Power and Ambuja Cement are set to reveal their Q2 results on October 28, giving further clarity on industry trends and growth trajectories.
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.
