In this article, we will talk about the Q2 Results today. Among the slew of firms announcing their Q2 results, investors would focus on Coal India Ltd, Eicher Motors Ltd, Hindalco Industries Ltd, Oil and Natural Gas Corporation Ltd (ONGC), and Mahindra & Mahindra Ltd (M&M). Domestic equity indices, Nifty 50, and Sensex are likely to witness a weak opening on the backdrop of subdued international cues. Since the news has come on the internet and it went viral on the social media platforms. Here we have more information about the news and we will share it with you in this article.
Q2 Results Today
A total of 581 firms are going to be reporting their Q2 earnings today. Among the firms that will release their Q2 incomes today are Allcargo Logistics Ltd, Biocon Ltd, Fortis Healthcare Ltd, Galaxy Surfactants Ltd, Glenmark Pharmaceuticals Ltd, Mahanagar Telephone Nigam Ltd, Ipca Laboratories Ltd, Hindustan Aeronautics, Steel Authority Of India Ltd (SAIL), PTC India Ltd, Ramco Industries Ltd and Ipca Laboratories Ltd. Since the news has been gaining huge attention from the people as they are super curious to know about the whole information. Swipe up the next page for more information about the news.
Hindalco Industries Ltd
Hindalco Industries Ltd is anticipated to report net earnings of ₹2,300 crore in the quarter finished September 2023, registering a YoY development of 2.8% Revenue is expected to fall 1.4% YoY to ₹5,400 crore, as per the Motilal Oswal Financial Services. The brokerage states that a sequential decline of 5%/17%/27% in Revenue/EBITDA/APAT is expected for the metals industry. The drop in ASP, the low costs of ferrous and LME, the seasonally sluggish quarter, and the unpredictability of the international macroeconomic conditions are the reasons for this decline. You are on the right page for more information about the news, so please read the complete article.
As far as we know, Ferrous, non-ferrous, and mining firms have been expected to report mixed results by the brokerage. The brokerage stated,” Novelis EBITDA/t direction is important. M&M is expected to see decent earnings revenue growth in Q2FY24 on the back of strong volumes, while margins may remain under pressure successively because of the negative mix. M&M’s total volume growth remained strong in Q2FY24 led by enhancing the supply chain and implementation of order books. The firm net profit during the quarter is anticipated to develop by 27% to ₹2,944.2 crore from ₹2,315.9 crore, YoY. Here we have shared all the information that we had. Stay tuned to us for more updates.