The Q1 earnings season for fiscal 2024-25 has entered its third week, with 292 companies slated to declare results between July 22 and July 27. Key companies include Hindustan Unilever, Bajaj Finance, Mahindra & Mahindra Financial Services, Axis Bank, SBI Life Insurance, Adani Green Energy, Nestle India, Cipla, Interglobe Aviation, and ICICI Bank.
Hindustan Unilever will announce its Q1 FY25 earnings on Tuesday, July 23, after market hours. The FMCG giant reported consolidated revenue of ₹15,210 crore for the March 2024 quarter. Recently, it sold its water purification business for ₹601 crore to focus on core categories.
Bajaj Finance will declare its Q1 FY25 results on July 23. It reported a 21.11% rise in consolidated net profit to ₹3,824.53 crore and a 31.36% increase in total income to ₹14,931.98 crore in Q4 FY24. The company also noted a 10% growth in new loans in Q1 FY25.
Mahindra & Mahindra Financial Services will announce its earnings on July 23. In Q4 2023, the company reported consolidated revenue of ₹4,280 crore, up from ₹3,463 crore the previous year. Net profit for the same period was ₹671 crore, slightly down from ₹675 crore a year ago.
Axis Bank is scheduled to declare its Q1 FY25 results on Wednesday, July 24. The bank posted revenue of ₹30,231 crore in the March 2024 quarter, with a net profit of ₹7,630 crore, up from a loss of ₹5,334 crore a year ago.
SBI Life Insurance will declare its Q1 FY25 results on July 24. The company’s market capitalization grew by ₹8,458.3 crore last week. It reported revenue of ₹36,255 crore in the March 2024 quarter, compared to ₹21,296 crore a year earlier.
Adani Green Energy will announce its Q1 FY25 results on Thursday, July 25. The company reported a 39% drop in net profit to ₹310 crore and a 6% decline in revenue to ₹2,806 crore in Q4 FY24. However, its operational capacity grew by 35%.
Nestle India will declare its Q1 FY25 results on July 25. The FMCG leader reported revenue of ₹5,268 crore and a profit before tax of ₹1,251 crore in the March 2024 quarter. It recently announced an interim dividend of ₹2.75 per share.
Cipla will announce its Q1 FY25 results on Friday, July 26. The pharmaceutical major reported revenue of ₹6,163 crore and a profit before tax of ₹1,259 crore in the March 2024 quarter. The company recently faced an income tax notice for ₹773.44 crore.
Interglobe Aviation (Indigo) will declare its Q1 FY25 results on July 26. Market experts predict a 31.6% YoY drop in PAT to ₹2,115.2 crore, while net sales are expected to grow by 10.8% YoY to ₹18,478.5 crore. Its revenue for the March 2024 quarter was ₹17,825 crore.
ICICI Bank is set to declare its Q1 FY25 results on Saturday, July 27. The bank reported revenue of ₹42,607 crore and a net profit of ₹12,200 crore in the March 2024 quarter, showing significant year-over-year growth.
Other notable companies set to announce results this week include Indian Overseas Bank, IDBI Bank, Allied Blenders & Distillers, ICICI Prudential Life Insurance, Larsen & Toubro, Jindal Steel & Power, DLF, Tech Mahindra, Canara Bank, Bajaj Holdings & Investment, Ashok Leyland, Dr. Reddy’s Laboratories, IndusInd Bank, Shriram Finance, Piramal Pharma, Zensar Technologies, UCO Bank, and Tips Industries.