📷 Image Credits: The Economic Times
India Inc. is gearing up to announce its Q1FY25 earnings today, with major companies like HDFC Life, Jio Financial, HDFC AMC, and SpiceJet among the 36 companies set to reveal their financial performance for the quarter. The earnings season started last week with companies like TCS and HCL Technologies surpassing street expectations. The market is anticipating good profits from IT companies, driven by an improved demand environment and strong deal execution. However, Nifty 50 companies may see flat profits year-on-year and a 10.7% sequential drop. Meanwhile, BSE-30 companies are expected to post an 8.1% profit growth year-on-year, but an 8.4% drop quarter-on-quarter.
Today, Jio Financial Services, HDFC Life Insurance Company, HDFC Asset Management Company, and several other companies will release their Q1FY25 results. Along with the financial sector, industries like agriculture, technology, and aviation are also expected to provide insights into their financial performance. The stock market is closely watching for any surprises or standout performances that could impact market trends and investor sentiment.
The first quarter results season has kickstarted with major players like Tata Consultancy Services (TCS) and HCL Technologies already setting the tone with their impressive earnings. As the business landscape continues to evolve, investors and analysts are keenly observing the financial health of companies across various sectors. Stay tuned for more updates on Q1FY25 earnings and how they shape the market landscape in India.
