Q2 earnings next week: TCS, Infosys, HCL Tech, Avenue Supermart & Delta Corp lined-up
Earnings preview: Experts expect more misses than hits in Q2; how can it impact market sentiment? The projections suggest that the earnings in the second quarter will generally remain steady, characterized by a mix of successes and shortcomings. Notably, IT sectors might show weaker figures, while industries like BFSI (banking, financial services, and insurance), auto, and pharma are expected to report robust performances. October 11 (Monday): Delta Corporation, Plastiblends India, Samhi Hotels, SignatureGlobal India, Tata Consultancy Services, and Zaggle Prepaid Ocean Services.
October 12: Anand Rathi Wealth, Angel One, HCL Technologies, Infosys, JTL Industries, Kesoram Industries, Sterling and Wilson Renewable Energy, and Tata Metaliks. October 13: Aditya Birla Money, HDFC Life Insurance Company, and Tata Steel Long Products. October 13: Avenue Supermarts October 15: KSolves India Also Read: US earnings week ahead: JPMorgan, Citi prepare for Fed’s higher-for-longer approach Sector-wise, the Q2 narrative has not changed much versus the recent quarters.
Technology companies are poised to clock muted revenue growth despite a robust deal pipeline. Slower-than-anticipated ramp-up or conversions of existing deals would cap a sharp revival in revenues in the near future. The margin performance is also expected to be a mixed bag.
IT companies with a large number of clients in the retail and telecom sectors could feel more heat on revenue growth as clients in developed markets struggle with high inflation. Further, a twist in the tale could now come from increased caution among clients on smaller deals. Also Read: Q2 earnings week expected to make limited waves for IT According to a report by Motilal Oswal Financial Services,
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