The second quarter earnings season is underway and as many as 152 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of SBI, LIC, Tata Motors, Vedanta, MRF and Ashok Leyland.Apart from the above, Abans Enterprises, Aarti Industries, Bajaj Hindustan, Beryl Securities, Binani Industries, Dreamfolks Services, Ethos, Flair Writing, Indiabulls Enterprises, Inox India, CE Info Systems, Orient Cement, Samhi Hotels, Star Cement, Tracxn Technologies and a few others will announce their quarterly results.SBI Q2 expectationsIndia's largest public lender State Bank of India (SBI) may report a single-digit growth in net interest income (NII) in the September ended quarter, aided by healthy loan growth and partly off-set by cost of deposit. The topline could grow by 4%-9% on the year-on-year basis between Rs 40,943 crore and Rs 43,100 crore.Meanwhile, the bottomline is seen in the range of Rs 12,894 crore to Rs 18,712 crore.The estimates have been given by five brokerages viz. Kotak Institutional Equities, Yes Securities, ICICI Securities, JM Financial and Sharekhan.Most conservative NII estimates have been given by Kotak while JM remains most bullish in the pack. As for the net profit in Q2FY25, Kotak sees a decline on a YoY and QoQ basis while others see the profit after tax (PAT) go up.Tata Motors Q2 expectationsAuto major Tata Motors is expected to post healthy growth in the profitability, but revenues will likely be in low single-digits during the second quarter. The earnings will be released on Friday.Net profit for the July-September 2024 period is estimated to grow 30% year-on-year, according to an average estimate of four brokerages. Meanwhile, revenues are seen growing by marginal 0.5-1% year-on-year due to muted volume performance across divisions.For JLR, volumes (excluding China JV) are likely to decline 1%, YoY led by weakness in EU and China markets. Overall, analysts see revenues to increase 4% YoY in the second quarter driven by richer model mix.(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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