HCL Technologies, Wipro, National Standard, , Nxtdigital
Infosys, Mindtree, Angle One,
L&T Infotech, Life Insurance
According to Gautam Duggad, Head of Institutional Research at
“We expect the companies in our coverage universe and Nifty’s earnings excluding metals and oil and gas to post 30% year-over-year growth in the September quarter,” he said.
Stocking up on goods ahead of the holiday season can help drive revenue growth, through GST and upfront tax collections, said Deepak Jasani, head of retail research, HDFC Securities.
“September quarter results could result in moderate revenue growth year-over-year and on a sequential basis,” he said, while noting that profitability will be difficult to predict given taking into account the inflation factor.
In the last quarter, India’s top IT exporter
(TCS) reported a 5.2% increase in its June quarter net profit to Rs 9,478 crore. June quarter revenue rose 16.2% to Rs 52,758 crore, but operating profit margins fell to 23.1%.
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