Apart from the above, Aarti Drugs, Agro Tech Foods, Birla Cable, Capital SFB, Castrol India, CIE Automotive India, Cyient Ltd, DCB Bank, IEX, LT Foods, Madhav Infra Projects, RR Kable, Sayaji Hotels, Trustwave Securities among others will also announce their quarterly numbers.
ITC Q2 expectations
Diversified conglomerate ITC Ltd is expected to see a steady second quarter with cigarette, hotels and agri businesses contributing positively, while paperboard remains weak.Revenue from operations in the July-September 2024 period is likely to rise 7% year-on-year, according to an average estimate of four brokerages. Profit after tax, meanwhile, may rise by a marginal 3% year-on-year, the estimates showed.EBITDA margins for the company are likely to decline up to 137 bps year-on-year, mainly due to the subdued performance paperboard business.
Key Monitorables for investors include demand outlook on rural versus urban, competitive intensity, raw material trends, hotels and agri business outlook.
IndusInd Bank Q2 expectations
Private sector lender IndusInd Bank is expected to see another quarter of weak operating performance and the bottomline may moderate, mainly due to the slowing loan growth.
Net profit for the quarter is likely to fall 3% year-on-year, according to an average estimate of four brokerages. Net interest income (NII), meanwhile, is seen rising 7% year-on-year.
The lender had already reported 13% year-on-year growth in its advances at Rs 3.15 lakh crore, while the same grew just 3% quarter-on-quarter. Meanwhile, deposits rose 15% year-on-year and 4% quarter-on-quarter.
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