Q1 2024 Earnings Season Begins
The earnings season for the first quarter of 2024 has started, and major companies in India are set to report their performance. This is an important time for investors and analysts.
Key Announcements
According to the Bombay Stock Exchange (BSE), several major IT companies will announce their financial results this week:
- Tata Consultancy Services (TCS) will announce its results on Thursday. In the previous quarter, TCS reported a 9% rise in net profit, reaching Rs 12,434 crore.
- HCL Technologies will release its earnings on Friday, July 12th.
- LtiMindtree will announce its Q1 2024 results on July 17th.
- Infosys will reveal its numbers on July 18th.
- Wipro is set to report its first-quarter performance on July 19th.
- Tech Mahindra will announce its Q1 results on July 26th.
Importance of Earnings Season
The earnings season is crucial for the stock market as it provides insights into the performance and future prospects of listed companies. The results will influence stock prices and set the market’s direction in the near term. Investors and analysts will closely examine metrics like revenue growth, profit margins, and future guidance to make informed decisions.
