He earnings season It’s all set to begin next week with some notable companies like Tata Consultancy Services (TCS), IREDA and others to reveal their quarterly earnings ending September 31, 2024.
Shares of Tata Consultancy Services (TCS), India’s leading software services provider, will be in the spotlight as the IT giant launches the second quarter earnings season on October 10.
In the first quarter of FY25, TCS announced a 9 percent year-on-year growth in its net profit, totaling $12,040 crore (profit attributable to the company’s shareholders), as against $11,120 crore in the corresponding quarter of the previous financial year.
The company reported operating income of $62,613 crore, reflecting an increase of 5.4 percent compared to $59,381 crore during the same period last year.
Together with this leading company, Tata Elxsiand Avenue Supermarkets (DMart) are among the leading companies that will announce their quarterly results this week.
Second quarter results next week –
October 8 and 9
Navkar Corporation, Emerald Finance, Hawa Engineers, Gautam Gems, Darshan Orna, Lotus Chocolate Company, GTPL Hathway, Western Carriers India, Vivid Mercantile, Rhetan TMT, Kretto Syscon and RO Jewels.
October 10
Tata Consultancy Services, Indian Renewable Energy Development Agency, Tata Elxsi, Anand Rathi Wealth, Arkade Developers, Den Networks, GM Breweries, Ashoka Metcast Limited, NB Footwear, Hathway Bhawani Cabletel and Datacom.
October 11
Hathway Cable and Datacom, Reliance Industrial Infrastructure, Plastiblends India, Atishay, PVV Infra, Jagsonpal Finance and Leasing, Universal Arts.
In the first quarter of FY25, Avenue Supermarts, the operator of the well-known retail chain DMart, announced a consolidated profit increase of 17.5 percent, reaching $774 crores, as against $659 crore in the same quarter last year. Additionally, the company’s revenue increased 18.6 percent year-on-year (YoY), totaling $14,069 crore.
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