Q2FY25 Earnings: Reliance Industries, HDFC Bank, Bajaj Auto, Axis Bank among others to announce Q2 results this week

As the earnings season kicks off for the quarter ending September, several major companies, including Reliance, Infosys, HDFC Bank, and Nestle India, are set to release their quarterly results this week.

Here’s a quick overview of the results scheduled to be announced and key highlights from the quarter starting tomorrow

October 14

Major companies like Reliance, HCL Tech, Alok Industries, and Orient Hotels will announce their Q2 results.

• Reliance Industries recently board approved a 1:1 Bonus Issue - The largest Bonus Issue In the Indian Equity Market September 12, 2024. The Company also received an order dated September 11, 2024, from the Deputy Commissioner of State Tax, Jamnagar, imposing a penalty of Rs 63,28,311. The Q1FY25 consolidated profit after tax (PAT) decreased 4% YoY to ₹17,448 crore, while consolidated revenue rose 11.5% YoY to ₹2,57,823 crore.
• HCL Tech completed the acquisition of a 100% stake in Zeena SAS, a Paris-based software company, in effect from September 12, 2024, with the enterprise valuation adjusted to EUR 23.9 million. In Q1FY25, the company’s revenue from operations rose 6.70% YoY to ₹28,057 crore from ₹26,296 crore. Net profit for the June quarter jumped 20.46% YoY to ₹4,257 crore, compared to ₹3,534 crore.

October 15

Major companies like HDFC Life, KEI Industries, HDFC AMC, and PVRINOX will announce their Q2 results.

• HDFC Life recently board approved issuing subordinated debt to raise up to ₹2,000 crore through Non-convertible Debt on a private placement basis. In Q1FY25, the company's AUM grew 22% YoY to ₹3,10,244 crore, with a 15% rise in PAT to ₹478 crore. New business premiums increased 9% YoY to ₹6,400 crore, while annualised premium equivalent (APE) rose 23% to ₹2,866 crore.
• KEI Industries recently commenced commercial production of LV/MV Cables on September 21, 2024, at its Pathredi Plant-2 in Rajasthan. In Q1FY25, revenue grew 16.05% YoY to ₹2,078.34 crore but fell 10.97% sequentially. Net profit rose 23.78% YoY to ₹150.25 crore, down 10.83% from the previous quarter.
• PVR INOX announced the opening of a 7-screen multiplex at Mohali Walk, featuring a 4D auditorium and advanced technology. With this launch, PVR INOX now operates 1,753 screens across 358 properties in India and Sri Lanka. In Q1FY25, revenue declined 8.3% YoY to ₹1,219.40 crore, with net profit falling to ₹-178.70 crore, down 119% YoY and 37.99% sequentially.

October 16

Major companies like Bajaj Auto, L&T Technologies Services, Mphasis, and Crisil will announce their Q2 results.

• Bajaj Auto recently launched the world's first CNG motorcycle, the Bajaj Freedom. In Q1FY25, revenue jumped 15.05% YoY to ₹12,267.39 crore, with net profit rising to ₹1,941.79 crore, jumped by 18.1% YoY.
• L&T Technologies Services recently partnered with Thales to expand collaboration and provide innovative business models to customers. In Q1 FY25, revenue jumped 7.45% YoY to ₹2,524.1 crore, while net profit rose to ₹313.6 crore, an increase of 0.8% YoY.

October 17

Major companies like Axis Bank, Infosys, Nestle India and Polycab India are scheduled to release their Q2 results.

• In Q1FY25, Axis Bank reported 12% YoY growth in Net Interest Income and a 4% YoY rise in net profit to ₹6,035 crores, with a Net Interest Margin of 4.05%. Retail loans grew by 18% YoY, corporate loans by 10% YoY, while core operating revenue increased 14% YoY and operating costs moderated to 11% YoY.
• Recently, Infosys and Microsoft Expand Strategic Collaboration to Accelerate Customer Adoption of The Microsoft Cloud and Generative AI. In Q1 FY25, revenue jumped 4.31% YoY to ₹40,153 crore, while net profit rose to ₹6,368 crore, an increase of 7.12% YoY.
• Nestle India and Dr Reddy’s Laboratories are forming a JV to combine their expertise in nutritional health solutions and nutraceuticals. This partnership aims to strengthen its position in the health and wellness sector. In Q1 FY25, revenue jumped 3.64% YoY to ₹4,853 crore, while net profit rose to ₹746.60 crore, an increase of 6.91% YoY.

October 18

Major companies like Jindal Saw, Mastek and Tejas Network are scheduled to release their Q2 results.

• Jindal Saw Q1 FY25, revenue grew 12.2% YoY to ₹4,990.04 crore but saw a 9.18% decline in QoQ. Net profit surged 66.69% YoY to ₹441.06 crore, though it fell 12.17% QoQ, with profit margins rising 48.56% YoY to 8.84%, but dropping 3.29% QoQ.
• Recently, Mastek and Onyx Health Announced a Strategic Partnership to Accelerate Healthcare Data Interoperability. In Q1 FY25, revenue jumped 12.3% YoY to ₹817.08 crore, while net profit rose to ₹71.50 crore, an increase of 2.01% YoY.

October 19

Major companies like HDFC Bank, Kotak Bank and Tech Mahindra are scheduled to release their Q2 results.

• In Q1FY25, HDFC Bank revenue surged 91.73% YoY to ₹1,16,996.49 crore but experienced a 5.94% decline QoQ. Net profit rose 33.18% YoY to ₹16,474.85 Cr, while also seeing a 6.51% fall QoQ. The net profit margin decreased 30.54% YoY to 14.08%, with a slight 0.6% drop in QoQ.
• Tech Mahindra has approved the merger of its wholly-owned subsidiary, Zen3 Infosolutions (America) Inc., with its parent company, Tech Mahindra (Americas) Inc., effective October 1, 2024, pending regulatory approvals. In Q1FY25 revenue decreased 1.54% YoY to ₹13,152.80 Cr, while net profit rose 22.96% YoY to ₹851.50 Cr, reflecting a 28.82% increase QoQ.