Tech giant Wipro Ltd. is likely to clock a net profit of Rs 3,249.3 crore and total income of Rs 22,078.3 crore for the quarter ended June, according to a survey of analysts' estimates done by Bloomberg. The company is expected to post an EBIT of Rs 3,783 crore, with margins likely to be at 17.1%.
LTIMindtree Ltd. will also be reporting its results for the quarter on Thursday. The company is likely to report a net profit of Rs 1,194.1 crore and revenue of Rs 9,855.4 crore for the first quarter, according to estimates. Its EBIT is expected at Rs 1,416 crore, while margin will be at 14.3%.
Axis Bank is expected to post a profit of Rs 6,375.77 crore, while its revenue is likely to be at Rs 13,970 crore.
Here are the earnings estimates of major companies that are scheduled to announce their results on Thursday:
Polycab India Ltd. will also be reporting its results for the quarter on Thursday. The company is likely to report a net profit of Rs 360 crore and revenue of Rs 3,614 crore for the first quarter, according to estimates. Its Ebitda is expected at Rs 895 crore, while margin will be at 25%.
HDFC Asset Management Co. is expected to post a profit of Rs 943 crore, while its revenue is likely to be at Rs 350 crore.
Other companies reporting their June quarter financials on Thursday include 360 ONE WAM, Heritage Foods, Indian Hotels Co., Jio Financial Services, Nuvoco Vistas Corp, Shoppers Stop, South Indian Bank, Tata Communications, Sunteck Realty and more.
Also Read: For all the latest from July 17 earnings announcements, follow our Q1 Results Live blog.
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