Q2 Results Today: Adani Ports, Ashok Leyland, ZEEL, Muthoot Finance among 719 companies to announce Q2 earnings

Q2 Results Today: Adani Ports & SA, Ashok Leyland, Zee Entertainment Enterprises, Mutt Finance, BEML and many other stocks will be in focus today as these companies announce their Q2 earnings.

According to data on BSE, a total of 719 companies will announce their Q2 results today.

Companies announcing their Q2 results today are 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 Services, NCC, Graphite India, Granules India, and others.

Also read: Day Trading Guide to the Stock Market Today: Five Stocks to Buy or Sell Thursday – November 9

Moreover, Bajaj Consumer Care, Bajaj Hindustan Sugar, Campus Active Wear, Engineers India, Hail Motors, Hinduja Global, Hindustan Construction Co, IRCON International, Kirloskar Industries, Babur Vikas Nigam, Star Cement, Senko Gold, Healthcare Global, Oriental Cement, Parag Dairy Foods and others will report their Q2 earnings today.

Ashok Leyland

Ashok Leyland’s net profit is expected to jump to 214% in Q2FY24 599.7 crore from 191.1 crore in the same quarter last year. The company’s revenue is estimated to grow by 19 percent. 9,808.7 crore from 8,266 crores, YoY

Revenue growth YoY was driven by volume increases, better mix and price increases. EBITDA margin is likely to increase to 11% on a YoY/QoQ basis due to smoothing of raw material costs and leverage benefits, analysts said.

(Exciting news! Mint is now available on WhatsApp channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!)

Aurobindo Pharma

Drug major Aurobindo Pharma is expected to report a net profit 680.4 crore in the quarter ended September 2023, registering a growth of 66%. 409.4 crore, YoY revenue is expected to grow by 21% YOY 6,961.4 crore, while EBITDA is expected to increase by 44% YoY 1,207.3 crores.

US sales are expected to improve 1% QoQ to $405 million despite the Puerto Rico factory closure. API is likely to grow at a low to mid-single digit QoQ. Gross margin is expected to benefit by 100 bps QoQ from smoothing input costs and EBITDA margin is expected to rise 50 bps QoQ to 17.3%, analysts said.

Also read: Dividend Stocks: Godrej Consumer, Nippon Life share to trade ex part today. Details here

Zee Entertainment Enterprises

Nuvama Institutional Shares expects ZEE’s revenues to increase 4.8% YoY, but EBITDA and PAT to decline 19.2% and 16.3% YoY. It expects a gradual but slight recovery in ad revenue QoQ (up 3.3%) in Q2FY24 but is estimated to reach 4% YoY. TV subscription revenues grow 6% YoY, but witness a 3.7% QoQ decline.

EBITDA margin is expected to improve mainly with the help of other higher services, and thus, expect EBITDA margins to decline to 11.3% (from 330 bps QoQ) YoY.

Get live market updates here

Disclaimer: The opinions and recommendations presented above are those of individual analysts or distributor companies and not of Mint. We recommend that investors check with certified professionals before making any investment decision.

Critical level alert!Livemint has topped the charts as the fastest growing news site in the world 🌏 Click here To know more.

Leave a Comment