Market Surprised by second quarter results

Market Surprised by second quarter results

One month has passed since the start of the second quarter season and till now most of the big companies have released their results. The market had already issued estimates regarding these results. Actual results have been more or less than expected and this is normal for the market. However, the results of some companies surprised the markets as there was a huge difference between the estimates and the actual performance. Know which companies’ results have beaten the estimates by a good margin and which have themselves lagged, looking at the estimates and actual performance.

Which companies’ results were far behind expectations?

If we look at the data, in the last month there have been many companies whose results have been far away from the estimates and in some cases have been in the opposite direction, Tata Steel’s results have been among such results. The company suffered a loss of more than Rs 6 thousand crore in the second quarter. The estimates don’t even remotely match this. The loss has been seen due to weakness in European business. At the same time, there are companies whose profits have fallen by 50 or more than 50 percent from market estimates. These include Bharti Airtel, UPL, Gujarat Fluorochemicals, Voltas, Laurus Lab, Samvardhan Motherson, VIP Industries, FSN E-Commerce Ventures, and Bata India. At the same time, BHEL’s loss has been more than expected.

Which companies have had excellent results?

On the other hand, Indigo’s performance has been better than expected. The market was expecting a loss of more than Rs 300 crore, however, the airline has registered a profit of around Rs 200 crore in the quarter. Zomato’s profit has been 200 percent more than market estimates. Other companies whose profits have been 50 percent or more than the estimates. These include JSW Energy, BPCL, Balrampur Chini Mills, Nazara Tech, Elkem Lab, and Trent.