NewsEarningsMajor Indian Companies Report Q2 Earnings: Mixed Expectations for RIL, JSW Steel, and OthersMajor Indian Companies Report Q2 Earnings: Mixed Expectations for RIL, JSW Steel, and Others
Several prominent Indian companies have released their Q2 earnings reports. Reliance Industries Ltd. (RIL) is expected to report a net profit of ₹20,022.60 crore and revenue of ₹2,48,798.00 crore. JSW Steel Ltd. is projected to have a net profit of ₹1,765.50 crore and revenue of ₹44,170.80 crore, with potential margin pressure due to lower net sales realizations and higher input costs. The banking sector anticipates softer earnings due to narrowing net interest margins and weak trading gains, despite strong loan growth. Other companies reporting include 360 One WAM Ltd., PVR Inox Ltd., JSW Energy Ltd., L&T Technology Services, and Hindustan Zinc Ltd.
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Several prominent Indian companies, including Reliance Industries Ltd. (RIL), JSW Steel Ltd., 360 One WAM Ltd., PVR Inox Ltd., JSW Energy Ltd., L&T Technology Services, and Hindustan Zinc Ltd., have announced their second quarter earnings. The market is closely watching these results, with analysts projecting varied outcomes for different sectors.
Reliance Industries Ltd. (RIL)
According to Bloomberg analyst estimates, RIL is expected to report the following financial results for the quarter:
| Metric | Estimated Value (in crore) |
|---|---|
| Net Profit | ₹20,022.60 |
| Revenue | ₹2,48,798.00 |
JSW Steel Ltd.
For JSW Steel, analysts have projected the following figures:
| Metric | Estimated Value (in crore) |
|---|---|
| Net Profit | ₹1,765.50 |
| Revenue | ₹44,170.80 |
Despite robust domestic demand and steady volume growth, analysts anticipate that JSW Steel may face margin pressure due to lower net sales realizations and higher input costs.
Banking Sector Outlook
The banking sector is expected to report softer earnings this quarter. Key factors influencing this outlook include:
- Narrowing net interest margins
- Weak trading gains
- Strong loan growth across most lenders
- Higher deposit mobilization
- Improved loan-to-deposit ratios
Other Companies Reporting
Other notable companies that have announced their Q2 results include:
- 360 One WAM Ltd.
- PVR Inox Ltd.
- JSW Energy Ltd.
- L&T Technology Services
- Hindustan Zinc Ltd.
While specific figures for these companies were not provided, their performance will contribute to the overall market sentiment and sector-specific trends.
As the earnings season progresses, investors and analysts will be keenly observing how these results align with market expectations and what they indicate about the broader economic conditions in India.
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