Q2 Results today: Adani Ports, Ashok Leyland, ZEEL, Muthoot Finance among 719 companies to announce Q2 earnings
Zee Entertainment Enterprises, Muthoot Finance, BEML, among many others will be in focus today as these companies will announce their earnings for the second quarter of FY24. A total of 719 companies will release their Q2 results today, as per data available on BSE.
The companies that will declare their Q2 results today include Aurobindo Pharma, ABB, Abbott India, Bosch, Page Industries, Piramal Enterprises, Cholamandalam Financial Holdings, Dish TV India, GlaxoSmithKline Pharma, SJVN, Torrent Power, The Ramco Cements, NALCO, Suven Pharma, NBCC India, Finolex Cables, eClerx Service, NCC, Graphite India, Granules India, among others. Also Read: Day trading guide for stock market today: Five stocks to buy or sell on Thursday — November 9 Moreover, Bajaj Consumer Care, Bajaj Hindusthan Sugar, Campus Activewear, Engineers India, Force Motors, Hinduja Global, Hindustan Construction Co, IRCON International, Kirloskar Industries, Rail Vikas Nigam, Star Cement, Senco Gold, HealthCare Global, Orient Cement, Parag Milk Foods, among others will also report their Q2 earnings today.
Ashok Leyland’s net profit in Q2FY24 is expected to jump 214% to ₹599.7 crore from ₹191.1 crore in the same quarter last year. The company’s revenue is estimated to grow 19% to ₹9,808.7 crore from ₹8,266 crore, YoY.
Revenue growth YoY is likely to be driven by increase in volumes, better mix and price increases. EBITDA margin is likely to expand on YoY/QoQ basis to 11% driven by softening raw material costs and operating leverage benefits, analysts said.
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