Market News
2 min read | Updated on July 11, 2024, 08:53 IST
SUMMARY
Q1 results today: Companies that will declare their quarterly earnings on July 11, 2024 include TCS, GTPL Hathway, Anand Rathi Wealth, NELCO, Acrow, Amal, AFIL, GD Trading Agencies, PMC Fincorp, SM Auto Stamping, Stellant Securities, Sree Jayalakshmi Autospin and Vivid Mercantile.
Q1 FY25 results on July 11, 2024.
According to analysts, TCS is expected to report an increase in revenue due to multiple deals. However, the net profit is projected to slide over 3% in the latest June quarter. Earnings before interest and taxes (EBIT) margin might also contract by 130 points quarter-on-quarter to 24.7%.
TCS's net profit increased 12.6% quarter-on-quarter to ₹12,502 crore in Q4 FY24. Its consolidated revenue was up 1.5% quarter-on-quarter to ₹62,394 crore.
This week, major firms that will post their Q1 results include HCL Technologies, Indian Renewable Energy Development Agency (IREDA) and Avenue Supermarts Limited (DMart).
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