Q1 earnings this week: Top companies to declare results between July 22 and July 27

The Q1 earnings season of fiscal 2024 has entered its third week, with 292 companies slated to declare results between July 22 and July 27.

Let’s have a look at some of these top companies that will declare their results this week:

Hindustan Unilever

Hindustan Unilever will declare its earnings for the first quarter of 2025 on Tuesday, July 23, the company informed the bourses in an exchange filing on July 11. The company will announce the results after market hours, at 3:15 p.m.

According to market watchers, soaring rural demand and intense summer have benefitted Hindustan Unilever in Q1 FY25, especially in products associated with the season. This might result in an upward swing in its revenue for the quarter.

The FMCG behemoth reported consolidated revenue of ₹15,210 in the quarter ending March 2024, down from ₹15,215 in the same quarter in the previous year.

Last week, Hindustan Unilever announced the sale of its water purification business to AO Smith India for ₹601 crore (about $72 million). HUL mentioned that this decision helps the company concentrate more on its main product categories.

Its board also approved a final dividend of ₹24 for the fiscal ended March 31, 2024.

Bajaj Finance

Bajaj Finance will declare its Q1 FY25 earnings results on Tuesday, July 23. Earlier this month, Bajaj Finance announced that its new loans grew by 10% to 10.97 million in Q1 FY25 up from 9.94 million in Q1 FY24. The company’s customer franchise as of 30 June 2024 stood at 88.11 million, a rise from 72.98 million as of 30 June 2023.

The growth of new loans was a direct result of the RBI lifting its restrictions on the disbursal of loans under eCom and Insta EMI cards and the issuance of EMI cards by the company.

One of India’s most diversified financial services companies, Bajaj Finance reported a 21.11% rise in consolidated net profit, reaching ₹3,824.53 crores, alongside a 31.36% increase in total income, totalling ₹14,931.98 crores, in Q4 FY24 compared to Q4 FY23.

Mahindra & Mahindra Financial Services

Mahindra & Mahindra Financial Services Ltd, the leading NBFC, and part of the Mahindra Group, will announce its Q1 FY25 earnings results on Tuesday, July 23. In the quarter ending March 2024, Mahindra & Mahindra Financial Services reported a consolidated revenue of ₹4,280 crores, compared to ₹3,463 crores in the same quarter the previous year. However, the company’s net profit in Q4 2023 at ₹671 crores was 1.61% down from ₹675 crores in the corresponding quarter a year ago.

Earlier this month, M&M Financial Services announced raising its dividend to ₹6.30 on August 22, 2024.

Axis Bank

Axis Bank is scheduled to declare its results for the first quarter of fiscal 2024-25 on Wednesday, July 24. In the quarter ending March 2024, Axis Bank posted revenue of ₹30,231 crores compared to ₹24,630 crores in the same period in 2023. The 3,99,452 crore market company’s net profit in Q4 2023 was ₹7,630 crores against -₹5,334 crores in the corresponding quarter a year ago. Shares of the leading private sector bank gained more than 17% year-to-date and around 33% year-on-year.

SBI Life Insurance Company

SBI Life Insurance Company is set to declare its Q1 FY25 results on Wednesday, July 24, along with 67 other companies. The leading Indian life insurer registered a 5.4% weekly gain the previous week, increasing its market capitalisation by ₹8,458.3 crore. Provisional exchange data reveals the company’s market value soared to ₹1,64,934.7 crore at the end of the July 15-19 trading week, from ₹1,56,476.4 crore in the preceding week. SBI Life’s revenue surged to ₹36,255 crores in the quarter ending March 2024, compared to ₹21,296 crores in the same quarter the previous year. It has a dividend yield of 0.16% at the current stock price of ₹1,648.

Adani Green Energy

Adani Green Energy, part of the larger Adani Group will declare its quarterly results for April-June 2024, on Thursday, July 25, alongside 69 other entities. Adani Green Energy Ltd reported a 39% drop in consolidated net profit to ₹310 crore for the quarter ending March 31, 2024, from ₹507 crore in the same period last year.

Adani Green Energy’s revenue also slumped by 6% to ₹2,806 crore in Q4FY24 from ₹2,977 crore in Q4FY23.

The renewable energy company announced that its operational capacity grew by 35% to 10,934 MW. This increase includes 2,848 MW from new projects: 2,418 MW from solar and 430 MW from wind.

Nestle India

FMCG giant Nestle India will declare its Q1 FY25 results on Thursday, July 25. The company reported revenue of ₹5,268 crores in the quarter ending March 2024, up from ₹4,831 crores in the same period a year ago. Nestle India’s profit before tax for the March 2024 quarter was ₹1,251 crores, a growth from ₹990 crores in the corresponding quarter in 2023. Earlier this month, the company announced an interim dividend of ₹2.75 per share for a face value of ₹1 each for the financial year 2024-25.

Cipla

Indian pharmaceutical major Cipla is slated to announce its quarterly results for the April-June period of 2024, on Friday, July 26, along with 60 other firms. Cipla reported revenue of ₹6,163 crores in the March 2024 quarter, 9.68% up from ₹5,739 crores in the same period in 2023. The company’s profit before tax for the quarter ending March 2024 was ₹1259 crores up from ₹745 crores in the corresponding quarter of the previous year.

Last week, the firm was slapped with an income tax notice for additional tax demands of ₹773.44 crore for assessment years 2015-16 to 2022-23.

Interglobe Aviation

Interglobe Aviation, the parent entity of India’s largest low-cost airline Indigo, will declare its Q1 FY25 results on July 26. Market experts predict that Interglobe’s PAT for Q1 FY25 may fall 31.6% YoY to ₹2115.2 crore, while net sales are likely to grow by 10.8% YoY to ₹18,478.5 crore. Moreover, experts also say that the company’s earnings before interest, tax, depreciation and amortization (EBITDA) are likely to slide by 5.6% YoY (up 11.4% QoQ) to ₹4,878.3 crore. Interglobe’s revenue in the quarter ended March 2024 was ₹17,825 crores, up from 14,161 crores in the same period a year ago.

ICICI Bank

ICICI Bank is set to declare its Q1 FY25 earnings report on Saturday, July 27, along with 19 other companies. The major private sector bank, ICICI reported revenue of ₹42,607 crores in the March 2024 quarter, a jump from ₹34,439 crores in the corresponding quarter of 2023. Its net profit in the March 2024 quarter was ₹12,200 crores against ₹10,236 crores in the same quarter in 2023.

Some of the other top companies, scheduled to declare their April to June quarter results of fiscal 2024 this week include Indian Overseas Bank, IDBI Bank, Allied Blenders & Distillers, ICICI Prudential Life Insurance Company, 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, Tips Industries, etc.