Jio Financial Q1 Results 2024 Live Updates: Major Companies Announcing Earnings Today

The first quarter earnings season is in full swing, with major companies like Tata Consultancy Services (TCS) and HCL Technologies already surpassing street expectations with their profit growth. Now, India Inc is eagerly awaiting the results of companies like Jio Financial Services, HDFC Life Insurance Company, HDFC Asset Management Company, and others for the quarter ended June 31, 2024.

According to a report by Kotak Institutional Equities, IT companies are expected to post a healthy performance driven by the improvement in demand environment and good deal execution. However, profits may stay flat year-on-year and drop by 10.7 per cent sequentially for the Nifty 50 set of companies. On the other hand, the BSE-30 companies are expected to post a growth in profit by 8.1 per cent year-on-year, but a drop of 8.4 per cent quarter-on-quarter.

Today, several major firms are set to announce their quarterly earnings, including Reliance Industries, Infosys, Wipro, and others. Jio Financial Services, for example, had reported a 6% quarter-on-quarter rise in its consolidated net profit for the previous quarter. HDFC Life Insurance Company also reported a 14.9% year-on-year jump in profit for the first quarter.

As the earnings season progresses, investors and analysts are closely watching the performance of these companies to gauge the overall health of the economy and the business landscape. Stay tuned for more updates on the Q1 results of these companies.