Q1 Results Today: ICICI Bank, Dr Reddy’s Lab, MCX, Finolex Industries, Punjab National Bank and more report earnings

First quarter results today July 27: At least 30 companies will report their first quarter (Q1FY25) financial results today, Saturday, July 27.

The first quarter earnings season kicked off this month on July 8, and prominent companies were among those reporting their Q1 results this week. Dozens of other companies will also be releasing their earnings reports in the coming weeks.

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The Q1FY25 earnings reports, covering various sectors, are expected to have a significant impact on stock movements in the BSE and NSE and offer insights into the broader economic landscape. The Budget 2024 was announced earlier this week and also impacted equities and the broader market.

Keeping an eye on markets

Markets closed on a high on Friday, July 26, after recovering from the burden of Budget 2024, amid increased capital gains tax and STT on derivatives. On the whole, even as global cues were subdued and foreign portfolio investors (FPIs) pulled out of Indian equities after the Budget announcement, indices staged a notable recovery.

The Nifty 50 rose 2.70 percent to peak at 24,861 points, while the S&P BSE Sensex rose 1.62 percent to close the week at 81,322 points, just below its peak.

Companies to Report Q1 Results Today — July 27

REC, Punjab National Bank, Sumitomo Chemical India Limited, Multi Commodity Exchange of India (MCX), IDFC First Bank, Jaiprakash Power Ventures, Jammu and Kashmir Bank, SBFC Finance, Transport Corporation of India, IFB Industries, Spandana Sphoorty Financial, Shaily Engineering Plastics, Meghmani Organics, Vishal Fabrics, Smruti Organics Limited, Premco Global, Oswal Yarns, 3p Land Holdings, Sacheta Metals, IEC Education, ICICI Bank, Finolex Industries, Dr Reddy’s Laboratories, Anant Raj, Genus Power Infrastructures, Alankit, Asahi Songwon Colors, Alkali Metals, Astal Laboratories, Gujarat Cotex and others are among the 30 companies that are expected to report their earnings reports for the first quarter of fiscal 2025 today, July 27.

ICICI Bank Q1 Results Preview

ICICI Bank is expected to announce its April-June quarterly results for fiscal year 2024-25 (Q1FY25) on Saturday, July 27 (today), following a solid performance in the previous quarter, led by improved asset quality and loan growth.

Analysts at D-Street and domestic brokers have expected decent and steady growth for India’s second-largest lender by market capitalisation in the quarter under review, on the back of loan growth and improved asset quality.

An average of broker estimates suggests that ICICI Bank’s net profit is likely to grow by 8-10 per cent in the June quarter, while net interest income (NII) growth is estimated at 12 per cent. Net interest margin (NIM) and deposit growth are the key metrics to be measured. NIM reflects the margin a bank earns in its core lending activities and is a key profitability metric.

Shares of ICICI Bank have gained 20.6 percent year-to-date (YTD) and around 22 percent in the past year. The banking heavyweight has given investors 8.39 percent returns in the past three months. On Friday, shares of ICICI Bank closed 0.81 percent higher ₹1,207.70 against a 52-week high of ₹1,257.65 per piece on the BSE. The bank has a market capitalization of ₹8,500,020.53 crores.