Q2 Results Today – ICICI Bank, IDFC First Bank, YES Bank Earnings for October 26, 2024 - Read Now 

Today, Saturday, October 26, 2024, over 30 companies, including ICICI Bank, IDFC First Bank, and YES Bank, will announce their Q2 results for FY25, which will give an idea of India's economic outlook and sector-specific growth. The Q2 results season for July-September FY25 has been a period of much expectation, and today's declarations are likely to have a significant effect on the stock market.

ICICI Bank Q2 Earnings Expectations
Among the most notable figures in the Q2 results announcements of today is ICICI Bank. A Livemint poll has it that ICICI Bank's net profit will be about ₹11,106 crore, up 8.2% YoY from ₹10,261 crore in Q2 FY23-24. The bank is likely to see its NII grow by 9.6% YoY to ₹20,071 crore against ₹18,308 crore in the previous fiscal period.

YES Bank and IDFC First Bank Q2 Results
YES Bank's Q2 FY25 is going to be a slow one. Analysts expect a moderate rise in deposits, and hence, relatively flat earnings from the quarter on a comparative basis. The case of IDFC First Bank is going to be mixed. Advances and deposits are likely to increase, but net profits may decline due to higher provisioning. Experts note that while both this quarter and quarter on quarter may be temporary, it could influence IDFC's overall FY25 outlook significantly.

Other Companies Reporting Q2 Results Today:
Besides private sector banks, industry players such as JK Cement, REC Ltd, Titagarh Rail, and Creative are also lined up to announce their Q2 numbers today. The earnings report data from companies like these provide a wide overview of India's industrial and banking sectors in Q2, which helps investors get a view of market performance as well as growth opportunities. Some major engineering and infrastructure firms, such as Golkunda, JP Power, Voltamp, among others, will also be announcing their numbers.

What's on the Horizon for Earnings Season?
Today, along with other releases, it is the turn of the large-cap players Adani Power and Ambuja Cement to report their Q2 FY25 financials on October 28, marking the end of the earnings week. This earnings season is likely to provide crucial information that could help investors, economists, and policymakers make informed decisions.
Come back later for updates on Q2 Earnings Reports and market performance during the progression of FY25 earnings season.

Also Read: Unbelievable! ₹1.65 Small-Cap Stock Soars to ₹1,226, Delivers 74,000% Return - Read Now