The Q3 results for Indian IT companies are just starting to be announced, with the major players like TCS and Infosys scheduled to report on January 11th. Here’s a quick update on what to expect:
Overall:
- Mixed performance is anticipated: Analysts predict moderate profit growth with some potential weaknesses due to high base and sectoral headwinds.
- Earnings growth for IT services might be muted: Kotak expects a YoY increase of 12% but a QoQ decline of 2% in net profits for the BSE-30 index.
- Negative surprises are unlikely: While some moderation is expected, significant setbacks are not foreseen.
Important Dates:
- January 11th: TCS and Infosys will announce their results.
- January 12th: HCL Tech and Tech Mahindra will follow suit.
- January 17th – February 7th: Further results from companies like Asian Paints, Bajaj Auto, ICICI Prudential, and Nestle India.
