The April earnings season is picking up today as ten of the sector's top companies, such as Wipro and Reliance Industrial Infrastructure (Reliance Infra), will report their financial numbers for the quarter ending January–March 2025. These announcements are being keenly watched by investors and analysts, which will determine the future direction of the new fiscal year.
Key Highlights:
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Wipro in Focus: The IT behemoth is likely to post marginal growth, with analysts estimating a marginal 1.5% quarter-on-quarter rise in revenues to about ₹22,652 crore. Yet, demand tailwinds and seasonally slow consulting services may deter performance. Net profit is expected to grow up to 16% year-on-year, as stable margins are aided by rupee depreciation. Investors will be looking for clues on large deal wins, discretionary spending patterns, and management's FY26 outlook.
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Reliance Infra and Others: Angel One, Reliance Industrial Infrastructure, Waaree Renewable Technologies, Swaraj Engines, GTPL Hathway, Ballarpur Industries, Heera Ispat, India Cements Capital, and Infomedia Press are also declaring results today. They operate across sectors from infrastructure and renewables to financials and manufacturing, presenting a wide-angle view of India Inc's health.
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Market Sentiment: The outcome is against the backdrop of guarded market sentiment, with overseas cues weak. These companies' performance, particularly industry leaders such as Wipro, will shape investor sentiment and direction in the market in the weeks ahead.
Watch out as these earnings announcements offer key information on corporate plans, industry trends, and the general economic situation.
Source: Business Standard, Economic Times, CNBC-TV18