Mumbai, July 19: 53 companies are slated to announce their financial results for the first quarter of the financial year 2024-25 on July 19. This includes major giants like Reliance Industries, Wipro, Paytm, JSW Energy, JSW Steel, and Patanjali Foods.
Aether Industries, Atul, Aurum Proptech, Avantel, BEML Land Assets, Bharat Petroleum Corporation, Blue Dart Express, Ceenik Exports (India), Colorchips New Media, Creditaccess Grameen, Fedbank Financial Services, Gujarat Lease Financing, Hawa Engineers, ICICI Lombard General Insurance Company, Indbank Merchant Banking Services, Indian Hotels Co., Integra Essentia, JSW Energy, JSW Steel, Jubilant Pharmova, Kabra Extrusiontechnik, Krishna Ventures, Ksolves India, Mahindra EPC Irrigation, Maruti Securities, Nippon Life India Asset Management, Oberoi Realty, Onward Technologies, Orissa Minerals Development Company, One97 Communications (Paytm), Patanjali Foods, Ponni Sugars (Erode), Pulsar International, Pvr Inox, Reliance industries, Route Mobile, RPG Life Sciences, Spentex Industries, Stanley Lifestyles, Summit Securities, Supreme Petrochem, Suraj, SWojas Energy Foods, Tanfac Industries, Tejas Networks, Transformers and Rectifiers (India), Tree House Education & Accessories, Ultratech Cement, Union Bank of India, Vanta Bioscience, Vipul Organics and Wipro are the companies that will announce their quarterly results today.
Reliance is expected to show falling earnings before interest, tax, depreciation and amortisation (EBITDA) according to both Kotak Institutional Equities and Emkay Global. Kotak expects a year-on-year fall of 12%.
This is primarily due to challenges in the oil-to-chemicals (O2C) sector.
Emkay expects net profits to fall 4.6% as well despite a rise in revenues.
Axis Securities expects Wipro to report quarter-on-quarter revenue growth of 0.9%, with Motilal Oswal expecting a 0.5% fall. Kotak expects revenues to exceed the -1.5-0.5% projection midpoint.
