Indian IT Majors Gear Up for Q1 2024 Earnings Season

The Q1 2024 earnings season starts with major Indian IT companies, including TCS and Infosys, set to release their financial results. Investors and analysts will closely monitor these announcements to gauge market trends and company performance.

The Q1 earnings season for April-June 2024 has officially begun, with major players ready to unveil their financial performance this Thursday in the Indian stock market, marking a significant period for investors and analysts.

Major IT firms, including Tata Consultancy Services (TCS), are set to publish their Q1 2024 results this week, according to the Bombay Stock Exchange (BSE). TCS, having reported a 9% rise in net profit in Q4 of FY24, is expected to provide noteworthy insights into its fiscal health on Thursday. Additionally, financial services giant Anand Rathi will also disclose its quarterly performance, which is anticipated to influence the financial sector significantly.

Following TCS, HCL Technologies will release its earnings on Friday, July 12. LtiMindtree, Infosys, and Wipro are scheduled to disclose their results on July 17, 18, and 19, respectively. Tech Mahindra will wrap up the month with its announcement on July 26. These results will offer a broader understanding of the industry's financial status and market trajectory.

The earnings season is pivotal for shaping market sentiment and forecasting future performance. Metrics such as revenue growth, profit margins, and forward guidance will be scrutinized to inform investment decisions, setting the tone for the market in the upcoming term.

(With inputs from agencies.)