Hello friends, in this article we will talk about Q2 results. Currently, the most significant focus for the market investor is the earning performance of the Indian companies. We have been in the center of the earning season and Britannia, Hero Moto, Tata Steel, and Sun Pharma are among the stocks that will be post Q2 revenues today. Since the news has come on the internet it circulated on social media platforms and now many people are super curious to know about the whole information about the news. In this article, we will try to give complete details about the news.
As per the report, today more than 90 companies will declare their numbers for the quarter that ended 30 September 2023. Among the 90 companies, the prominent ones are Ambuja Comment, GMDC, Godraj, Consumer, Tata Steel, JK Tyre, LIC Housing Finance, REC, Relaxo, Sun Pharma, and Hero Moto. Currently, this news has been making headlines on the internet as they want to know about the whole information. You are on the right page for more information about the news.
Bajaj Finance – IIFL Securities expects Bajaj Finance’s high growth and superior performance to be sustained. IIFL anticipates Bajaj Finance’s interest income to come in at Rs 7,200 crore while it witnesses pre-provisioning using profit at Rs 5,930 crore, up 32 percent year-on-year (YoY) and 7 percent quarter-on-quarter (QoQ). Net proceeds are seen at Rs 3,550 crore, up 28% YoY and 3% QoQ.
Sun Pharmaceutical Industries – InCred Equities expects Sun Pharma’s income at Rs 11,888 crore, flat consecutively. Ebitda may fall 10% to 3,005.5 crores with Ebitda margins squeezed down to 25.3%. Company net profit may drop by 2,039.5 crore. Nuvama Institutional Equities predicts Sun Pharma’s income to be Rs 12,144 crore, up 11 percent YoY and flat consecutively.
Hero MotoCorp – Kotak Institutional Equities sees Hero MotoCorp’s earnings at Rs 9,411.3 crore, marginally up YoY and QoQ. EBITA is seen at rs 1,347.5 crore, rising 30% YoY and 12% QoQ. Ebitba margins may enhance 287 bps YoY to 14.3 percent. Net profit may come in at 1,027.5 crore, surging 44% YoY and 25% QoQ.
Tata Steel – For Tata Steel, Axis Securities anticipates Ebitda per tonne at Indian operations to enhance slightly by 3% QoQ to 14,450 per tonne on account of more down coking coal costs, partly offset by lower realizations. Tata Steel declared Indian sales volume at 4.82 mt. Prabhudas Lilladher anticipates Tata Steel to report a net profit of Rs 52,769.3 crore, down 12 percent year-on-year and quarter-on-quarter. Here we have shared all the information that we had. Stay tuned to us for more updates.