Upcoming Q2 Results: IRFC, GAIL, Tata Steel, Trent among companies to declare earnings in November first week

The earnings season is underway and investors are keenly monitoring the announcement of results by major companies. In the upcoming week starting from November 4, as many as 521 companies will announce their earnings for the September quarter of FY25.

Here’s a list of some of the major companies scheduled to announce their financial results for the quarter and six month period ended September 30, 2024.

State-owned railway sector companies Indian Railway Finance Corporation (IRFC) and Indian Railway Catering and Tourism Corporation (IRCTC) will announce their financial results for the September quarter on November 4. Additionally, Exide Ltd, Raymond Ltd and Procter & Gamble Health are also scheduled to announce their quarterly earnings on November 4. KEC International will also announce its quarterly earnings on Monday.

IRCTC’s consolidated revenue from operations for Q1FY25 increased over 11% to ₹1120.15 compared to ₹1,001.78 crore in Q1FY24. The company’s profit-after-tax also grew by more than 32% to ₹307.71 crore in the June quarter of FY25 from ₹232.21 crore in the June quarter of FY24.

The major companies declaring their Q2 results on Tuesday, November 5, include Titan, GAIL, Dr Reddy’s Laboratories, Mazagon Dock, Mankind, PB Fintech, Oil India Ltd, Berger Paints, Max Healthcare Institute and SJVN Ltd.

GAIL’s consolidated revenue from operations increased over 6% to ₹34,821.89 crore in the quarter ended June 30, 2024, from ₹32,848.78 crore in the year-ago period. In Q1FY25, the state owned company’s profit-after-tax also grew by more than 77% to ₹3,183.35 crore compared to ₹1,792.99 crore in Q1FY24.

Steel sector majors Tata Steel Ltd and Jindal Steel & Power Ltd will announce their Q2FY25 results on Wednesday, November 6. State owned company Power Grid Corporation of India Ltd and Gujarat Gas Ltd will also announce their results on the same day. Additionally the results of major companies such as Apollo Hospitals Ltd, Blue Star and Kansai Nerolac will also be announced on Wednesday.

Tata Steel’s total income for the June quarter of FY25 declined by over 9% to ₹55,031.3 crore compared to ₹60,666.4 crore in the year-ago period. The company’s net profit for Q1FY25 surged 75% to ₹918.57 crore in Q1FY25 compared to ₹524.85 crore in Q1FY24.

Fashion and lifestyle retail companies Trent Ltd and Aditya Birla Fashion and Retail Ltd will announce their September quarter results on Thursday, November 6. Pharma companies Alembic Pharmaceuticals Ltd and Lupin Ltd will also announce their financial results on Thursday. State owned companies Rail Vikas Nigam Ltd, IRCON International Ltd and NHPC Ltd will also announce their quarterly results on the same day.

Trent’s consolidated revenue from operations increased by more than 56% in Q1FY25 as it grew to ₹4104.44 crore compared to ₹2628.37 crore in Q1FY24. In Q1FY25 the Tata Group company’s net profit also increased by over 134% to ₹391.21 crore from ₹166.67 crore in the corresponding quarter of the preceding fiscal.

Automotive giants Ashok Leyland and Tata Motors are scheduled to announce their Q2FY25 results on Friday, November 8. State Bank of India, Life Insurance Corporation of India, Info Edge, MRF, Motherson, Fortis Healthcare Ltd and C.E. Info Systems Ltd are among the major companies announcing their financial results on November 8.

Tata Motors consolidated total income for the June quarter of FY25 increased by more than 5% to ₹1,09,623 crore against ₹1,03,597 crore in the corresponding quarter of the preceding fiscal. The company’s profit-after-tax for Q1FY25 also increased by over 72% to ₹5,692 crore compared to ₹3,301 crore in Q1FY24.

Asian Paints, Divi’s Labs, Krishna Institute Of Medical Sciences Ltd (KIMS) are among the major companies which announce their results for the quarter and six month period ended September 30, 2024, on Saturday, November 9.