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NEW DELHI: At least 12 Nifty50 companies are set to report over 100 per cent surge in profit in March quarter, thanks to a low base on account of the spike in Covid cases and partial shutdown of economic activity in the year-ago quarter.
While aggregate sales for Nifty50 companies is expected to jump 16-20 per cent in March quarter, the highest in nine quarters, various estimates project aggregate profit growth of 65-110 per cent for the quarter.
At least a dozen Nifty50 constituents may log doubling of profits for the quarter, with metals producers, automobile makers and private banks expected to contribute 62 per cent to the incremental revenues, analysts said.
Record breaking quarter for Indian IT services is a given all eyes are now on guidance
Record breaking quarter for Indian IT services is a given all eyes are now on guidance
HCL Tech (L), Infosys (C) and Tata Consultancy Services (TCS) are set to share their Q4 results in AprilIANS/BCCL/BI India
After a blockbuster third quarter, analysts are bullish on the performance Indian IT companies between January to March as well.
Tata Consultancy Services (TCS), HCL Technologies, Infosys and others are expected to report the best fourth quarter in the last five years.
After Accenture’s increase in guidance, analysts are watching Indian players to see how they change their revenue outlook for the future.As 2021 unfolded, India’s information technology (IT) services majors including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro and Tech Mahindra the top five players in the software and services industry reported the best quarter in a decade.
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