Upcoming Q2 results: Maruti Suzuki, Bharti Airtel, L&T among key companies to declare earnings next week

Bharti Airtel, Adani Power, Sun Pharma and Maruti Suzuki are among the major companies that will announce their financial results for the September quarter of FY25 next week.

Although around 325 companies will announce Q2 financial results next week, blue chip companies will remain under investors’ focus for key monitorables like revenue growth and outlook.

Investors will also watch out for the financial results of Indian Oil Corp, Punjab National Bank, Cipla, Adani Enterprises, Larsen & Toubro, Tata Power Company and Dabur India next week.

Bharti Airtel will announce its financial results on Monday, October 28. Investors will focus on its performance in the domestic market after its African business posted an 80% drop in net profit for the September quarter. The company’s revenue growth, EBITDA margins, finance costs and most importantly average revenue per user (ARPU) - a key profitability metric for telecom players - will also be under analysts' focus. Its rival Jio has reported a 7% rise in ARPU for the September quarter to ₹195.

Sun Pharma will declare its financial results for the September quarter on Monday. Besides revenue growth, investors will also focus on its US formulation business which showed some weakness in the first quarter. The company’s India formulation business, Global Specialty sales, Emerging markets formulation business and R&D investments will also remain under the focus. Investors will also keep an eye on the company’s API business which reported an 8.3% decline in the first quarter of FY 2024-25.

India’s largest car maker Maruti Suzuki will announce the Q2 results on Tuesday, October 29. Investors will watch out for revenue growth, profit growth, the impact of commodity prices on margins and management commentary on demand scenarios. Indian carmakers have witnessed a slowdown in car sales in recent months and a build-up of inventories at the dealer level. Maruti Suzuki had seen a drop in domestic sales in September dragged by its compact segment which includes Swift, WagonR, Baleno and Celerio.

Billionaire Gautam Adani-promoted Adani Enterprises will declare on Tuesday, October 29. Investors will watch out for the performance of its core infra businesses comprising ANIL Ecosystem, Airports and Roads. The contribution of Adani New Industries Ecosystem (ANIL) comprising solar cells and wind turbine manufacturing, to EBITDA, will remain under focus. Another Adani Group company Adani Ports & SEZ will also declare results on Tuesday.

Engineering giant L&T will declare financial results on Wednesday, October 30. Investors will focus on new orders, project pipeline and management commentary on growth and new opportunities. The performance of the Infrastructure Projects Segment, Energy segment and Hi-Tech Manufacturing Segment will also be under investors’ watch.

October 28

Around 157 companies will declare results on Monday, October 28. India’s second-largest telecom company Bharti Airtel and Sun Pharmaceuticals are among the companies declaring their Q2 financial numbers. Investors will also watch out for the results of Indian Oil Corp, Ambuja Cements, Punjab National Bank, Bharat Heavy Electricals (BHEL), Bharti Hexacom, Indian Bank, JSW Infrastructure and renewable energy player Suzlon Energy.

Besides, Tata Technologies, Railtel Corp, LIC Housing Finance Limited, Motilal Oswal, Kalpataru Projects and Aditya Birla Sun Life will also come out with Q2 numbers.

October 29

In a busy results day, around 113 companies are scheduled to announce their quarterly earnings on Tuesday, October 29.

India’s largest carmaker Maruti Suzuki India and Adani Group flagship Adani Enterprises are among the prominent firms to declare results on Tuesday.

Investors will watch out for results of Cipla, Canara Bank, Marico, Prestige Estates Projects, SBI Cards & Payment Services, Tata group firm Voltas, Hitachi Energy India, Container Corporation of India and Gujarat Fluorochemicals Limited on the same day.

Apart from these, Mankind Pharma, HUDCO, IRB Infrastructure Developers Limited, V Mart India and Force Motors, will also declare results.

October 30

Larsen & Toubro, The Tata Power Company, Dabur India, Aditya Birla Capital and Procter & Gamble Hygiene are among the 50 companies that will announce the quarterly financial results on Wednesday, October 30.

Biocon, AIA Engineering, New India Assurance Company, Carborundum Universal, Grindwell Norton, KIOCL, Sterlite Technologies Limited and DCM Shriram will be in focus on the same day for Q2 results.

October 31

Tata Investment Corporation and Narayana Hrudayalaya Ltd are scheduled to declare results on Thursday, October 31.

November 1

Lykis will announce the Q2 results on Friday.

November 2

Cell Point India and Incap will declare Q2 results on Saturday, November 2.