Leading Indian I.T. firms, Tata Consultancy Services Ltd. and HCL Technologies Ltd., are set to kickstart the first quarter earnings for fiscal 2024 on Wednesday.
TCS is expected to post a net profit of Rs 10,971.9 crore alongside a revenue of Rs 59,615.4 crore, according to Bloomberg data.
HCL Technologies is likely to report a net profit of Rs 3,831.3 crore for the June quarter. The revenue, according to Bloomberg estimates, will likely be Rs 26,883 crore.
Among non-I.T. firms, Anand Rathi Wealth Ltd., Steel Strips Wheels Ltd., 5Paisa Capital Ltd., and National Standard (India) Ltd. will also announce their results.
According to Bloomberg estimates, Anand Rathi is projected to report a revenue of Rs 145.8 crore, with a net profit of Rs 46.5 crore in the first quarter. Additionally, Steel Strips is expected to achieve a revenue of Rs 1,040.5 crore and a net profit of Rs 54.8 crore.
The estimates for the major results scheduled for today are as follows:
I.T. Firms
Non- I.T. Firms
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.