Q2 results today: L&T, Dabur among 77 companies to announce earnings on Wednesday

The second quarter earnings season is underway and as many as 77 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of L&T, Tata Power and Dabur.

Apart from the above, AIA Engineering, Biocon, Centrum Capital, D-link, Foods and Inns, Goblin India, JK Agri Genetics, New India Assurance, Sagarsoft, Paisalo Digital, Omax Autos and a few others will announce their quarterly results.

Dabur Q2 expectations

FMCG major Dabur India is likely to have a muted second quarter on the back of decline in volumes and distributor inventory correction in the general trade (GT) channel.

Essentially, the company largely stopped primary sales for the last 7-8 days of the quarter to enable broad-based category-wide distributor inventory correction.

Additionally, Dabur has also called out the impact of heavy rain/floods on out-of-home consumption, especially in the beverages category.

Revenue from operations during the September 2024 quarter may decline by 5% year-on-year, according to an average estimate of four brokerages. Net profit for the same period is likely to fall 8% year-on-year.

L&T Q2 expectations

Engineering and construction major Larsen & Toubro (L&T) is expected to report a 16% year-on-year increase in its September quarter revenue aided by a robust growth in execution in its infrastructure and energy segments. The topline is estimated in a range of Rs 56,800 crore to 59,146 crore, according to estimates released by four brokerages.

Company’s net profit for Q2FY25 is pegged at Rs 3,200 crore - Rs 3,590 crore which is in the range of -1% and 11.4%.

The most conservative estimates in PAT and revenue have been given by Motilal Oswal Financial Services (MOFSL) which sees a fall in L&T’s bottomline on a YoY basis for the reporting quarter.

Meanwhile, Prabhudas Lilladher remains the most bullish in the pack with highest PAT and revenue estimates.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)