Q2 outcomes this week: TCS, Infosys, Bajaj Auto, Tata Elxsi, HDFC Financial institution, others

Varied broadly tracked firms like TCS, , Infosys, and can be releasing their September quarter report playing cards this week. Right here’s a listing:

October 10

TCS,

, JTL Infra

October 11

,


October 12

HCL Applied sciences, Wipro, Nationwide Commonplace, , Nxtdigital

October 13

Infosys, Mindtree, Angle One, , Cyient

October 14

Bajaj Auto,

, ,

October 15

HDFC Financial institution,

, L&T Infotech, Life Insurance coverage

Second-quarter earnings will likely be led by the banking and finance, shopper, and vehicle sectors and dragged down by commodity sectors resembling metals and oil and gasoline, mentioned Gautam Duggad, institutional analysis head at

.

“We anticipate firms in our protection universe and Nifty earnings excluding metals and oil and gasoline to put up a 30 per cent year-on-year progress within the September quarter,” he mentioned.

Stocking up of products earlier than the festive season could assist top-line progress, going by the GST and advance tax collections, mentioned Deepak Jasani, retail analysis head, HDFC Securities.

“The September quarter outcomes may usher in a average rise in top-line year-on-year and sequential foundation,” he mentioned, whereas indicating that profitability will likely be tough to forecast contemplating the inflation issue.

Final quarter, India’s prime IT exporter

(TCS) reported a 5.2 per cent rise in its June quarter internet revenue to Rs 9,478 crore. June quarter income grew by 16.2 per cent to Rs 52,758 crore however working revenue margins slid all the way down to 23.1 per cent.