The earnings season for the quarter ending September is about to kick off, with several major companies set to release their financial results. Leading the charge is Tata Consultancy Services (TCS), a prominent player in the IT sector, announcing its Q2 results on October 10. This week also features earnings reports from various other companies, including Tata Elxsi, Avenue Supermarts (DMart), and several others in diverse industries. Investors and analysts are keenly watching these announcements to gauge the financial health and performance trends of these significant market players.
October 8 and 9
Transformers and Rectifiers and Navkar Corporation will release their financial results on October 8. On October 9, Lotus Chocolates, owned by Reliance Consumer Products, along with GTPL Hathway, Western Carriers, and Rhetan TMT, will share their Q2 results.
October 10
Tata Consultancy Services (TCS) will announce its Q2 results on October 10. In the first quarter of FY25, TCS reported a 9% increase in net profit, reaching Rs 12,040 crore compared to Rs 11,120 crore in the same quarter last year. The company’s revenue also grew by 5.4%, totaling Rs 62,613 crore. Along with TCS, Tata Elxsi, Anand Rathi Wealth, Arkade Developers, Den Networks, and G M Breweries will announce their Q2 results on the same day.
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October 11
Hathway Cable & Datacom, Reliance Industrial Infrastructure, and Plastiblends India will also announce their quarterly results this week.
October 12
Avenue Supermarts (DMart) will share its Q2 earnings on October 12. In the first quarter of FY25, DMart’s consolidated profit rose 17.5% to Rs 774 crore, with revenue increasing by 18.6% to Rs 14,069 crore. The company focuses on providing low prices and value for money to customers, which has helped increase foreign institutional investor holdings.
