Q1 FY25 earnings this week: HCL, TCS and IREDA among companies to declare results

The first quarter of the current financial year (FY 2024-25) is over and the companies are gearing up to release the results. As the earnings season kicks in for the June quarter, several companies are scheduled to release their earnings. While some companies have already declared their financial results for the first quarter of FY25, a few big players like TCS and HCL Technologies are going to release their Q1FY25 results in the week ending July 13, 2024.

As many as 29 companies will declare their results between July 8 and July 13. Here’s a look at some of the companies which will declare their financial results for Q1FY25 next week.

Tata Consultancy Services

The IT giant is expected to report a revenue growth of 1.6% quarter on quarter in Q1FY25, according to reports. Experts believe that the growth will be driven by new deals, including the company’s recent pact with BSNL. Reports also cited experts who claimed that TCS’ EBIT margin is expected to reduce by 150 bps QoQ owing to wage hikes in Q1FY25.

HCL Technologies

HCL Technologies is likely to report a decline in its revenue by 2% on a QoQ basis, according to reports. The reports, quoting experts, claimed that this could be a seasonally weak quarter for the company due to annual productivity pass-backs to clients. Experts also observed that another reason could be the planned ramp downs in HCL’s IT services business. Ahead of the announcement of the result, market experts predict HCL Technology’s margin may contract by 80 bps QoQ due to seasonal headwinds.

Indian Renewable Energy Development Agency (IREDA)

Avenue Supermarts

The company shared a business update on July 2. Its provisional standalone revenue from operations in Q1FY25 stood at ₹13,711.87 crore increasing by 18.3% from ₹11,584.44 in the year-ago quarter. The supermarket chain said that its total number of stores as of June 30, 2024, stood at 371.

Shalby Ltd

Ahmedabad based multispecialty hospital Shalby Ltd will announce its results for the first quarter of FY25 on July 8, according to a stock exchange filing. The company posted a 15% increase in its net profit for the March quarter at ₹16.04 crore compared to ₹13.89 crore in the same quarter of the preceding fiscal.

Delta Corp

Gaming and hospitality major Delta Corp will announce its results for Q1FY25 on Tuesday, July 9.

The company’s profit for the fourth quarter of FY24 grew 122% to ₹86.68 crore compared to ₹38.99 crore in the corresponding quarter of the preceding fiscal. The company’s net profit for FY24 grew more than ₹253.44 crore compared to ₹215.9 crore in the preceding fiscal.

GM Breweries

Liquor manufacturer GM Breweries informed the exchanges that it will declare its financial results for the June quarter on July 9. The company’s net profit for the quarter ended March 31, 2024, more than doubled to ₹86.64 crore, up nearly 147% compared to ₹35.1 crore in the fourth quarter of FY23.

Apart from the leading players across industries, several other companies will also release their first quarter results between July 8 and July 13. The companies set to announce Q1FY25 results include Khoobsurat, SecUR Credentials, Eraaya Lifespaces, RS Software (India), Rajnish Wellness, Ventura Textiles Corporation, Hexa Tradex, KCP Sugar Ind Corp, Lancor Holdings, Kretto Syscon, Sybly Industries, GNA Axles, Amal, Akme Fintrade India, PMC Fincorp, Sree Jayalakshmi Autospin, Teamo Productions, Indo Cotspin, Bhansali Engineering Polymers, Kesoram Industries, SG Finserve and Anand Rathi Wealth.