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Vedanta is set to release its Q1 results today, on August 6. In addition to tracking Vedanta's share price, investors will also be watching the Q1 results of other companies including Tata Power, Lupin, TVS, Bajaj Electricals, 3M India, Blue Star, NCC, Bata India, Raymond, and more.
Today, investors will closely monitor Vedanta's share price as the company releases its Q1 results. Additionally, market participants will be watching Tata Power, TVS Motor, Bajaj Electricals, 3M India, Blue Star, NCC, Bata India, Raymond, and Lupin share prices as these companies also announce their Q1 earnings today.
Lupin is expected to show strong financial results for the first quarter of FY25, with good growth in profits and moderate growth in revenue compared to the same period last year. Analysts predict that Lupin's Q1 revenue will increase by 6.6% YoY to ₹5,133 crore, up from ₹4,814 crore in Q1FY24.
The company's net profit is projected to rise significantly, by 33.4% YoY, reaching ₹603 crore, up from ₹452 crore in Q1FY24. On a quarterly basis, profits are expected to increase by 7.6%, with a profit of ₹562 crore reported in the December quarter of FY24. These positive financial projections are likely to keep Lupin's share price in focus today.
Metal major Vedanta is expected to report its net profit for the quarter ended June 30, 2024, in the range of ₹2,197 crore to ₹3,060 crore. Meanwhile, revenue for the quarter is estimated to be between ₹35,440 crore and ₹38,674 crore.
The highest net profit estimate suggests a potential 242% YoY increase, while the highest revenue estimate predicts an over 15% rise YoY. As a result, investors will keep a watch on Vedanta’s share price today.
Here is a list of other major companies set to release their Q1 results today.
Whether you're an investor tracking earnings or simply curious about corporate performance, stay in the loop with updates from the Indian companies set to release their quarterly results today.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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