On Friday, October 17, nearly 80 companies are scheduled to announce their second-quarter results, following a week where over 200 companies reported their earnings for the September quarter. Major firms such as Reliance Industries, JSW Steel, Tata Technologies, Dixon Technologies, Hindustan Zinc, REC, and Havells India will release their numbers today.
On Thursday, Infosys posted a 13.2% increase in net profit, reaching ₹7,364 crore compared to ₹6,506 crore in the same quarter last year. Wipro also saw a modest 1.2% rise in net profit to ₹3,246.2 crore, up from ₹3,208.8 crore a year ago.
According to Elara Capital, Q2 marks the beginning of an earnings upcycle, expecting a 12.5% year-on-year growth in PAT for companies under their coverage. This improvement is driven by sectors like Cement, Real Estate, Metals & Materials, Energy, and Discretionary. Operating leverage is supported by margin expansion and easing input costs, while recent GST and income tax cuts, along with potential monetary easing, enhance the outlook for sustained earnings growth over multiple quarters.
The companies reporting today include AU Small Finance Bank, CRISIL, Dalmia Bharat, JSW Steel, Reliance Industries, Tata Technologies, Havells India, and several others.
