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Q2 Results Live: IREDA Profit Up 42%, Tech Mahindra, ICICI Lombard, Cyient In Focus Today

Names like IREDA, Tech Mahindra, ICICI Pru Life, Cyient and more are in focus today as they post their results.

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(Image source: NDTV Profit)
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Hello and welcome to NDTV Profit's live coverage of the first-quarter earnings season. The financial landscape is buzzing today, as various players are set to announce their performance for the second quarter. Names like IREDA, Tech Mahindra, ICICI Pru Life, Cyient and more are in focus today as they post their results.
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Q2 Results Live: Tech Mahindra Share Price

The shares of Tech Mahindra rose over 1% ahead of the company posting its second quarter results.

Q2 Results Live: IREDA Profit Up 42%, Tech Mahindra, ICICI Lombard, Cyient In Focus Today

Q2 Results Live: Banking Sector Q2 Preview

India's banks are expected to report softer earnings for the September quarter, as narrowing net interest margins and weak trading gains weigh on profitability. Analysts, however, see stability in core earnings and expect commentary to turn more constructive on growth and asset quality.

Loan growth remained strong across most lenders during the quarter, supported by higher deposit mobilisation and an improvement in loan-to-deposit ratios. However, analysts expect profitability to be hit by margin pressure following the Reserve Bank of India's earlier repo-rate cuts and reduced treasury income.


Q2 Results Live: What Brokerages Expect

Brokerages expect Tech Mahindra's revenue growth between 0.7% and 0.8% in constant currency terms, driven by steady deal ramp-ups and stable performance in the communications vertical. Analysts see sequential growth supported by improved execution of large deals and traction in enterprise, banking and retail segments, though the telecom business is expected to remain flat.


Q2 Results Live: Cyient Earnings Estimates

Cyient DLM Ltd. will also be reporting its results for the quarter on Tuesday. The company is likely to report a net profit of Rs 7.49 crore and revenue of Rs 278.4 crore, according to estimates.

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Tech Mahindra, Cyient DLM, ICICI Lombard General Insurance Q2 Results Today — Earnings Estimates

Q2 Results Live: Tech Mahindra May Clock 12.7% Rise In Profit

Tech Mahindra is likely to clock a 12.7% rise in net profit at Rs 1,285 crore and a near 3% rise in revenue to Rs 13,777 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.




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