The second quarter earnings season for FY25 is in full swing, and as many as 70 companies are set to release their financial results today. Among the key companies to watch out for are Bajaj Finance, Adani Green Energy, Zomato, Paytm, Adani Energy Solutions, and Varun Beverages. These announcements will give a clearer picture of their performance for the July-September 2024 quarter.
Zomato Q2 Expectations: Food delivery giant Zomato is expected to post a massive 585-662% year-on-year jump in net profit, estimated to be in the range of ₹247-274 crore, according to top domestic brokerages. The company’s revenue is anticipated to grow between 61-80%, coming in at ₹4,571-5,111 crore.
Bajaj Finance Q2 Expectations: Bajaj Finance is expected to report a net interest income (NII) in the range of ₹8,810 crore to ₹9,187 crore, reflecting a potential 22-28% YoY increase. The company’s profit after tax (PAT) is forecasted to rise by 15% YoY to around ₹4,078 crore.
Paytm Q2 Expectations: Paytm is expected to show strong revenue growth, with an estimated increase of up to 16% YoY. However, its losses may widen to ₹660 crore, compared to ₹290 crore in the same quarter last year. Sequentially, losses are expected to shrink compared to the preceding quarter’s figure of ₹838 crore.
In addition to the companies mentioned above, other key firms announcing results today include ICICI Securities, Aditya Birla Real Estate, Coforge, Chennai Petroleum Corp, and Can Fin Homes.
Check How Stocks Are Reacting Ahead of Q2 Results: Zomato, Bajaj Finance, Paytm, Varun Beverages, Indus Tower, Coforge and more
As several key companies prepare to announce their Q2 FY25 results today, their stocks are already showing movements in the market. Here’s a look at how some of the major stocks are reacting ahead of the results:
- Zomato: The stock is trading higher in anticipation of a massive year-on-year jump in net profit, which is expected to rise by 585-662%. Revenue is also projected to grow by up to 80%.
- Bajaj Finance: Despite strong expectations for its quarterly performance, Bajaj Finance shares are showing minimal movement as the market awaits its results, with predictions of a 28% rise in net interest income (NII).
- Paytm: The fintech giant is expected to report widening losses, but its stock is holding steady. Investors are looking for signals of revenue growth, especially in the payments and financial services segments.
- Adani Green Energy and Adani Energy Solutions: These Adani Group companies are also in focus today, as market watchers await their earnings reports.
Other stocks to watch today include Coforge, Can Fin Homes, and Varun Beverages, which are also set to declare their results. The market will react to these announcements throughout the day.
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