Q2FY25 earnings: A quick look on companies reporting earnings this week

As the earnings season kicks off for the quarter ending September, several major companies, including TCS, IREDA, Tata Elxsi, and Avenue Supermarts, are set to release their quarterly results this week.

Here’s a quick overview of the results this week

October 9

Lotus Chocolate Company (owned by Reliance Consumer Products), GTPL Hathway, Rhetan TMT, and Western Carriers India will announce their Q2 results.

• Lotus Chocolate Company recently completed its acquisition of Soubhagya Confectionery Private Limited, effective August 8, 2024. The acquisition was initially announced on May 25, 2023. In Q1FY25, the company posted a remarkable 396% YoY revenue growth, achieving its highest-ever top line of ₹124 crore, compared to ₹25 crore in Q1FY24. The net profit for the period stood at ₹10 crore.
• GTPL Hathway launched a new app, GTPL Buzz, on September 2, 2024. The app, available on Android and iOS, offers services like TV Everywhere, Cloud Gaming, and Distro TV. In Q1FY25, the company had an 8.91%YoY growth in revenue (₹843 crore vs ₹774 crore) and a drop in net profit by 57.14%YoY (₹15 crore vs ₹35 crore).

October 10

• TCS recently partnered with McDonald's Philippines for IT modernisation and collaborated with Google Cloud to provide AI-based cybersecurity solutions. In Q1FY25, TCS reported consolidated revenue of ₹62,613 crore, a 5.44% YoY growth from ₹59,381 crore in Q1FY24. Their PAT for Q1FY25 stood at ₹12,105 crore, an 8.85% YoY increase from ₹11,120 crore in Q1FY24.
• Tata Elxsi partnered with Skanray to advance surgical imaging and healthcare innovation. In Q1FY25, revenue stood at ₹926 crore, an 8.96% YoY growth from ₹850 crore in Q1FY24. Their PAT for Q1FY25 was ₹184 crore, a 2.65% YoY decline from ₹189 crore in Q1FY24.
• IREDA board approved raising ₹4,500 crore equity capital. In Q1FY25, revenue stood at ₹1,510 crore, a 32.1% YoY growth from ₹1,143 crore in Q1FY24. Their PAT for Q1FY25 stood at ₹384 crore, a 30.17% YoY increase from ₹295 crore in Q1FY24.

October 11

October 12

• In Q1FY25, Avenue Supermarts reported consolidated revenue of ₹14,069 crore, an 18.57% YoY growth from ₹11,865 crore in Q1FY24. Their PAT for Q1FY25 was ₹774 crore, a 17.45% YoY increase from ₹659 crore in Q1FY24.