Q2 Results: ITC, NTPC, Godrej Consumer, Adani Total Gas, Bikaji Foods, & More

At least one hundred companies are ready to release their July –  September quarter financial results today, on Thursday, October 24, according to BSE data. Further, several major blue-chip firms and banks are scheduled to declare their Q2 result this week. 

The second quarter result ( Q2FY25) season began this month, and a host of big names are expected to declare their Q2 earning report during this week and in the upcoming weeks. Overall, the earnings reports will significantly impact the market and offer insights into India’s border economic landscape.  

ITC, IndusInd Bank, Acc, NTPC, Colgate-Palmolive India, JSW Energy, Adani Wilmar, Bikaji iFoods International, CSB Bank, DCB Bank, Dixon Technologies, Go Digit General Insurance Indian Energy Exchange, Mahanagar Gas, Patanjali Foods, Petronet LNG, Tata Teleservices, United Breweries, Ujjivan small finance bank and Westlife Foodworld are among companies to announce Q2 results today. 

ITC’s Performance

ITC Ltd., a major player in the FMCG sector, reported a net profit of approximately ₹4,993 crore for Q2, marking a 2% increase year-on-year. The company’s revenue surged by 16% to reach ₹17,710 crore. Analysts had anticipated a revenue growth of 7%, driven by a 6% increase in the cigarette segment and robust performance in the FMCG category. However, EBITDA margins are expected to decline due to challenges in the paperboard business. ITC’s CEO expressed cautious optimism about the festive season, emphasizing their focus on maintaining competitive advantages despite a softer demand environment.

NTPC’s Results

NTPC Ltd., India’s largest power producer, is projected to report a net profit of around ₹5,035 crore with an EBITDA margin of 28.2%. Revenue from operations is expected to be ₹47,008 crore. This performance underscores NTPC’s critical role in meeting India’s growing energy demands amidst fluctuating market conditions.

Stock Market Today

The domestic equity benchmark indices, Senxes and Nifty 50, are expected to open on a caution note on Thursday following weakness in global markets. The Indian stock market witnessed a marginally lower closing on Wednesday, October 23. The Nifty 50 closed the session down by 0.15 % at 24435, and the Sensex finished trading with a decrease of 0.17% at 80,081. On the outlook for the market today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment LTD., said, ‘ Nifty opened with a gap down, but the index saw buying demand in the first half. However, in the second half, the index saw profit booking and concluded the day on a negative note at 24,436. India Vix climbed 1.31 % to 14.59, indicating a rise in market volatility.