Q2 results today: L&T, Tata Power, P&G, Dabur among 77 to post earnings

Q2 Results Today, October 30: Aditya Birla Capital, Protean eGov Technologies, TTK Prestige, and New India Assurance will release their second-quarter results for the financial year 2024-25

Q2FY25 company results: Larsen & Toubro (L&T), Tata Power, Dabur, Aditya Birla Capital, and Procter & Gamble (P&G) are among the 77 companies set to release their earnings report for the second quarter (Q2) of the financial year 2024-25 (FY25) on Wednesday. Protean eGov Technologies, TTK Prestige, and New India Assurance are also scheduled to announce their quarterly results today.

 

With the earnings season underway, analysts report mixed results from companies, prompting a downward revision in growth projections for the Nifty 50 index, which comprises India’s largest and most actively traded stocks. This trend stems from several companies underperforming expectations for the July–September quarter. Analysts now adopt a more conservative outlook, anticipating continued market volatility as more firms release their earnings data.

 

 

L&T Q2FY25 results preview

Multinational engineering giant L&T is expected to report a 12 to 19 per cent increase in core profit for Q2FY25. Analysts attribute this growth to streamlined domestic project execution, supported by a robust order book and workforce stabilisation following the 2024 Lok Sabha elections. The company’s revenues are also projected to reflect these favourable conditions in its construction and engineering segments. 

 

Cipla Q2FY25 highlights

Cipla, India’s third-largest pharmaceutical company by market share, reported a 15.2 per cent year-on-year (Y-o-Y) increase in consolidated net profit at Rs 1,303 crore in Q2FY25, up from Rs 1,131 crore. Cipla’s performance exceeded analysts' profit expectations by 5 per cent, although revenue was slightly below target.

 

In an exchange filing, the company said it remains focused on expanding its respiratory segment within India, driven by rising demand due to increasing pollution. Cipla also anticipates sustained growth in its acute and chronic respiratory products, with seasonal factors further boosting demand.

 

 

Maruti Q2FY25 highlights

Meanwhile, India's largest automaker Maruti Suzuki India (MSIL) reported an 18.1 per cent Y-o-Y decline in consolidated net profit for Q2FY25, down to Rs 3,102.5 crore, missing the market consensus of Rs 3,525 crore. This decrease was primarily due to deferred tax liabilities following the removal of indexation benefits for long-term capital gains on debt mutual funds. The company also cited reduced demand for small cars and lower urban sales as contributing factors to the decline. 

 

Market overview on Oct 30

India’s equity markets responded cautiously to the ongoing earnings season. On Tuesday, benchmark indices BSE Sensex and Nifty 50 saw an initial dip but managed to close higher for the second consecutive session, with 31 of 50 Nifty stocks and 14 of 30 Sensex stocks posting gains. Banking and financial stocks led sectoral gains, while the automotive, pharmaceutical, information technology (IT), fast-moving consumer goods (FMCG), and healthcare sectors closed in the red. 

On Wednesday, the BSE Sensex and Nifty 50 opened with losses amid uncertain global market signals. The BSE Sensex recorded an initial decline of 153.59 points (0.19 per cent) at 80,215.44, while the Nifty 50 fell by 70.65 points (0.29 per cent) to 24,396.20.

 

As companies continue to report their Q2 earnings, investor sentiment remains cautious, influenced by global market trends and domestic economic data.

 

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Complete list of 77 firms releasing Q2FY25 results on Oct 30:

1. 3i Infotech Limited  

2. Aashka Hospitals Limited  

3. Aditya Birla Capital Limited  

4. Aeroflex Industries Limited  

5. AGS Transact Technologies Limited  

6. AIA Engineering Limited  

7. AMJ Land Holdings Limited  

8. Aryavan Enterprise Limited  

9. Asarfi Hospital Limited  

10. Automotive Axles Limited  

11. Biocon Limited  

12. Carborundum Universal Limited  

13. Centrum Capital Limited  

14. Cochin Minerals and Rutile Limited  

15. Colinz Laboratories Limited  

16. Cosmo Ferrites Limited  

17. Dabur India Limited  

18. DCM Shriram Limited  

19. D-Link India Limited  

20. Electrosteel Castings Limited  

21. El Forge Limited  

22. Foods and Inns Limited  

23. Global Offshore Services Limited  

24. Goblin India Limited  

25. Grindwell Norton Limited  

26. Harish Textile Engineers Limited  

27. Hindustan Bio Sciences Limited  

28. Hind Rectifiers Limited  

29. Hybrid Financial Services Limited  

30. Indraprastha Medical Corporation Limited  

31. Inventure Growth & Securities Limited  

32. IRB Infrastructure Developers Limited  

33. JK Agri Genetics Limited  

34. JTL Industries Limited  

35. Khandwala Securities Limited  

36. KIOCL Limited  

37. Kitex Garments Limited  

38. KPL International Limited  

39. Kranti Industries Limited  

40. Larsen & Toubro Limited  

41. Maruti Securities Limited  

42. MEP Infrastructure Developers Limited  

43. Menon Pistons Limited  

44. MIRC Electronics Limited  

45. North Eastern Carrying Corporation Limited  

46. The New India Assurance Company Limited  

47. Nimbus Projects Limited  

48. Olympia Industries Limited  

49. Omax Autos Limited  

50. Paisalo Digital Limited  

51. Panchsheel Organics Limited  

52. Procter & Gamble Hygiene and Health Care Limited  

53. Protean eGov Technologies Limited  

54. Prudent Corporate Advisory Services Limited  

55. Rahil (India) Limited  

56. RCAN Industries Limited  

57. Rossell India Limited  

58. Sagarsoft (India) Limited  

59. Sera Investments & Finance India Limited  

60. Shalby Limited  

61. Shelter Infra Projects Limited  

62. Shilpa Medicare Limited  

63. Shree Dinesh Mills Limited  

64. Sterlite Technologies Limited  

65. Sukhjit Starch & Chemicals Limited  

66. Sunita Tools Limited  

67. Swarnsarita Gems Limited  

68. Tata Power Company Limited  

69. Transport Corporation of India Express Limited  

70. Themis Medicare Limited  

71. TTK Prestige Limited  

72. Uday Jewellery Industries Limited  

73. Virat Crane Industries Limited  

74. Vardhman Textiles Limited  

75. WPIL Limited  

76. Xchanging Solutions Limited  

77. Zodiac Ventures Limited