As the first quarter of FY 2024-25 ends, companies are gearing up to release their earnings reports. Among the notable firms set to declare their Q1FY25 results between July 8 and July 13, 2024, are HCL, TCS, IREDA, and Avenue Supermarts.
Tata Consultancy Services (TCS) will announce its financial results for the quarter ended June 2024 on July 11. TCS is expected to show a 1.6% revenue growth quarter on quarter, driven by new deals. However, its EBIT margin might decline by 150 basis points due to wage hikes.
HCL Technologies will declare its Q1FY25 results on July 12. Reports suggest a potential 2% revenue decline quarter on quarter, attributed to seasonal productivity pass-backs and planned ramp-downs in its IT services business. HCL’s margin may contract by 80 basis points due to seasonal headwinds.
The Indian Renewable Energy Development Agency (IREDA) will release its Q1FY25 results on July 12. The public sector company saw its net profit grow 33% in the fourth quarter of FY24. IREDA has gained significant market attention, with its stock surging over 350% in the past year.
Avenue Supermarts, the operator of the DMart supermarket chain, will announce its Q1FY25 results on July 13. The company reported a provisional standalone revenue of ₹13,711.87 crore for Q1FY25, an 18.3% increase from the previous year. As of June 30, 2024, DMart operated 371 stores.
In addition to these key players, several other companies will release their Q1FY25 results between July 8 and July 13. These include Khoobsurat, SecUR Credentials, Eraaya Lifespaces, RS Software, Rajnish Wellness, Ventura Textiles, Hexa Tradex, KCP Sugar, Lancor Holdings, and many more across various industries.
