The second quarter earnings season is underway and as many as 73 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of HUL, Bajaj Finserv, SBI Life and TVS Motor.Apart from the above, Aster DM Healthcare, AU SFB, Birlasoft, Dodla Dairy, Equinox India, Fedbank Financial, Fino Payments Bank, IIFL Finance, Dr Lal Pathlabs, Manorama Industries, Metro Brands, Rajinish Retail, Sona BLW Precision.HUL Q2 expectationsFMCG major Hindustan Unilever (HUL) is expected to report a 2-4% increase in its Q2FY25 revenue partly offset by pricing cuts undertaken by the company in the reporting quarter. The topline is expected to be in the range between Rs 15,621 crore and Rs 15,728 crore, according to estimates given by four brokerages.The net profit for the reporting quarter is estimated at Rs 2,592-2,714 crore.The most conservative revenue estimates have been given by Axis Securities while Kotak remains most bullish in the pack.Axis Securities is the only one to see a positive growth in the company's profit after tax (PAT) and has the highest bottomline estimates on a YoY basis. The rest see a climbdown of 0.4%-2.9% over the corresponding quarter of the previous financial year. SBI Life Q2 expectationsSBI Life Insurance Company is expected to report a flat to 14% year-on-year growth in its annual premium equivalent (APE) for the quarter ended September 30, 2024, according to estimates by four brokerages. The APE range is seen between Rs 5,206 crore and Rs 5,960 crore.While Yes Securities remains most conservative in its APE estimates, Nuvama Institutional Equities is most bullish. The other brokerages whose views have been taken into account are Kotak Institutional Equities and Antique Stock Broking.However, brokerages remain divided on the trajectory of SBI Life’s value of new businesses (VNB). While Nuvama and Antique see a YoY growth of 7.4-8%, Yes Securities and Kotak Equities see a 6% and 2% decline, respectively. The broader range remains between Rs 1,617 crore and Rs 1,395 crore.(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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