The earnings season is all set to kick off next week with few marquee companies like Tata Consultancy Services (TCS), IREDA and others to reveal their quarter earnings ending on September 31, 2024.
Shares of Tata Consultancy Services (TCS), India’s leading software services provider, will be in the spotlight as the IT giant is set to launch the Q2 earnings season on October 10.
In the first quarter of FY25, TCS announced a 9 per cent year-on-year growth in its net profit, totaling ₹12,040 crore (profit attributable to the company’s shareholders), up from ₹11,120 crore in the corresponding quarter of the previous financial year.
The company reported operational revenue of ₹62,613 crore, reflecting a 5.4 per cent rise compared to ₹59,381 crore during the same period last year.
Alongside this bellwether company, Tata Elxsi, and Avenue Supermarts (DMart) are among the leading firms scheduled to announce their quarterly results this week.
Q2 results next week –
October 8 and 9
Navkar Corporation, Emerald Finance, Hawa Engineers, Gautam Gems, Darshan Orna, Lotus Chocolate Company, GTPL Hathway, Western Carriers India, Vivid Mercantile, Rhetan TMT, Kretto Syscon, and RO Jewels.
October 10
Tata Consultancy Services, Indian Renewable Energy Development Agency, Tata Elxsi, Anand Rathi Wealth, Arkade Developers, Den Networks, GM Breweries, Ashoka Metcast Limited, NB Footwear, Hathway Bhawani Cabletel And Datacom.
October 11
Hathway Cable and Datacom, Reliance Industrial Infrastructure, Plastiblends India, Atishay, PVV Infra, Jagsonpal Finance and Leasing, Universal Arts.
In the first quarter of FY25, Avenue Supermarts, the operator of the well-known DMart retail chain, announced a consolidated profit increase of 17.5 per cent, reaching ₹774 crore, up from ₹659 crore in the same quarter last year. Additionally, the company’s revenue rose by 18.6 per cent year-on-year (YoY), totaling ₹14,069 crore.
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