, JTL Infra
HCL Technologies, Wipro, National Standard, , Nxtdigital
Infosys, Mindtree, Angle One, , Cyient
, L&T Infotech, Life Insurance
Second-quarter earnings will be led by the banking and finance, consumer, and automobile sectors and dragged down by commodity sectors such as metals and oil and gas, said Gautam Duggad, institutional research head at
“We expect companies in our coverage universe and Nifty earnings excluding metals and oil and gas to post a 30 per cent year-on-year growth in the September quarter,” he said.
Stocking up of goods before the festive season may help top-line growth, going by the GST and advance tax collections, said Deepak Jasani, retail research head, HDFC Securities.
“The September quarter results could bring in a moderate rise in top-line year-on-year and sequential basis,” he said, while indicating that profitability will be tricky to forecast considering the inflation factor.
Last quarter, India’s top IT exporter
(TCS) reported a 5.2 per cent rise in its June quarter net profit to Rs 9,478 crore. June quarter revenue grew by 16.2 per cent to Rs 52,758 crore but operating profit margins slid down to 23.1 per cent.