The second quarter earnings season is underway and as many as 70 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life.Apart from the above, Aditya Birla Real Estate, Adani Energy Solutions, Adani Green Energy, Ambassador Infra Holdings, Amber Enterprises, Amerise Biosciences, ASI Industries, Bridge Securities, Can Fin Homes, Chennai Petroleum Corp, Choice International, Coforge and a few others will declare their results.Zomato Q2 expectationsFood delivery company Zomato is expected to post a whopping 585-662% year-on-year jump in its September quarter net profit in the range of Rs 247-274 crore, according to the estimates of a couple of top domestic brokerages.Meanwhile, revenue may grow between 61-80% in the range of Rs 4,571-5,111 crore, estimates by Nuvama Institutional Equities and ICICI Securities said.On a sequential basis, revenue may jump by up to 9% and 22% while PAT could see a QoQ decline as per Nuvama though gaining by over 8% in ICICI Sec’s view.The company which has a significant holding by another BSE listed company called Info Edge (India) will announce its earnings on Tuesday.Bajaj Finance Q2 expectationsBajaj Finance is expected to post a net interest income in the range between Rs 8,810 crore and Rs 9,187 crore for the quarter ended September 30, 2024. This is likely to be an uptick of up to 28% over the corresponding quarter of the previous financial year.ICICI Securities pegs NII to jump 22% YoY and 5% on a QoQ basis to Rs 8,810 crore in the July-September quarter. PAT is seen to grow by 15% over Q2FY24 and 4% over Q12FY25 to Rs 4,078 crore.Meanwhile, PhillipCapital sees revenue uptick at 28% on a YoY basis and 10% on a QoQ basis to Rs 9,187 crore led by 29% YoY growth in its loan book. PAT could rise to Rs 4030 crore in the reporting quarter witnessing a 13.5% YoY jump while a 3% QoQ uptick.Paytm Q2 expectationsOne97 Communications, which operates fintech and digital payments major Paytm is expected to clock higher revenue growth during the second quarter ended September 2024, but the losses may widen.Losses for the July-September 2024 period are likely to widen up to Rs 660 crore from Rs 290 crore in the same period of last year. Meanwhile, revenue from operations are seen growing up to 16% year-on-year.However, on a sequential basis, losses should shrink from Rs 838 crore clocked in the preceding June quarter. This sequential improvement will mainly be driven by growth in payment services to merchants and financial services business.Revenues too could increase up to 8% quarter-on-quarter.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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