The third quarter (Q3) earnings of several Indian companies, including Reliance Industries (RIL), Infosys, HCL Technologies, Wipro, and Tech Mahindra, are expected to be released next week. Here’s a summary of what’s expected from each company:
* Reliance Industries: Revenue growth of around 20-25% year-on-year (YoY), driven by strong performance from the retail and digital segments.
* Infosys: Revenue growth of around 5-6% YoY, driven by robust demand for its digital services. Earnings per share (EPS) are expected to rise around 5-7%.
* HCL Technologies: Revenue growth of around 2-3% YoY, driven by a weak US dollar and growth in the healthcare and banking segments.
* Wipro: Revenue growth of around 1-2% YoY, driven by growth in the banking and finance sectors.
* Tech Mahindra: Revenue growth of around 4-5% YoY, driven by growth in the cloud and digital services.
Other companies set to announce their Q3 earnings next week include Bharti Airtel, TCS, and Sun Pharma. Analysts are looking for strong growth from the technology and pharmaceutical sectors, while also keeping an eye on the impact of the pandemic on earnings.