Today, October 26, 2024, more than 30 companies will announce their earnings for the July-September quarter, according to the Bombay Stock Exchange (BSE).

Major private sector banks such as ICICI Bank and YES Bank, as well as several engineering firms, will reveal their Q2 results. ICICI Bank, the second-largest private lender in India, is expected to report strong growth driven by increases in loans and deposits. Analysts project a 14.6% year-on-year rise in deposits to ₹14.8 lakh crore and a similar growth in loans to ₹12.7 lakh crore for Q2 FY25. The bank's net interest income (NII) is anticipated to grow by 14% YoY to ₹20,845 crore, while profit is expected to rise by 7% YoY to ₹10,667 crore. Analysts suggest that ICICI Bank is unlikely to face significant asset quality stress, with minimal margin contraction expected.

The market will closely monitor these results for insights into the financial health of key sectors and the overall economic landscape as the earnings season progresses.