On 18th October 2024, several prominent companies reported their quarterly results. Jindal Stainless posted sales of ₹9,777 Cr, with an EBIT of ₹1,186 Cr and a net profit of ₹609 Cr, reflecting a 4% QoQ sales growth but a 6% decline in net profit. Tanla Platforms reported sales of ₹1,001 Cr with a net profit of ₹130 Cr, witnessing an 8% drop in both QoQ and YoY metrics. Wipro had a sales increase of 2% QoQ at ₹22,302 Cr, with a notable 7% increase in EPS at ₹6.13. Geojit Financial Services saw a strong performance with a 25% QoQ rise in net profit to ₹57 Cr, while Eimco Elecon experienced an 11% drop in net profit. Dhanlaxmi Bank rebounded strongly, reporting a massive 423% QoQ growth in net profit to ₹26 Cr, signaling a turnaround.

5Paisa Capital reported stable sales of ₹101 Cr, with a 9% QoQ growth in EPS at ₹7.01. Central Bank showed consistent performance with sales of ₹8,235 Cr and a net profit of ₹926 Cr, but experienced a slight 3% drop in EPS. CEAT reported strong sales growth of 4% QoQ to ₹3,305 Cr, although net profit fell by 21% QoQ. Mphasis had sales of ₹3,536 Cr and a 4% QoQ rise in net profit, indicating a stable performance. LTIMindtree also performed well, with sales of ₹9,433 Cr and a 10% QoQ rise in net profit at ₹1,252 Cr.

Infosys continued its strong trajectory, posting sales of ₹40,986 Cr with a 6,516 Cr net profit, reflecting a 2% QoQ rise. Nestle India reported a robust 32% QoQ growth in net profit at ₹986 Cr, highlighting its strong position. Tata Chemicals had impressive sales of ₹3,999 Cr, with a significant 41% QoQ rise in net profit, despite a drop in EPS YoY. National Standard saw its sales increase dramatically by 12,567% QoQ, with its EBIT and net profit also rising sharply. Network People posted an impressive 104% QoQ growth in net profit, indicating a strong recovery.

Polycab India showed strong performance with 17% QoQ sales growth, while Karur Vysya Bank maintained steady sales at ₹2,384 Cr and a 3% rise in net profit. Tata Communications reported a slight drop in QoQ sales at ₹5,767 Cr, though net profit dipped by 32% QoQ. Indian Overseas Bank delivered a stable performance, with a 5% QoQ rise in sales and a 23% growth in net profit. Lastly, Havells India witnessed a significant 22% drop in QoQ sales, and a corresponding decline in net profit by 34%.

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