IT bellwether Tata Consultancy Services (TCS) kicked off the fourth-quarter earnings season on April 12 with a 14.9 per cent year-on-year growth in consolidated net profit and a 9.4 per cent increase in topline. Infosys and Wipro followed with double-digit growths in consolidated profits at 17.5 per cent and 27.7 per cent, respectively, and 13.1 per cent and 3.4 per cent increase in revenues. These numbers could be the harbinger of a healthy earnings season in a year ravaged by the pandemic.
Earnings Estimates
Analysts believe the base effect due to a sudden lockdown in March ’20 and cyclical sectors such as metals, banks and cements would lead the earnings acceleration. “Q4FY21 is expected to be a stellar quarter representing the continuation of a sequential recovery, driven by a gradual economic re-opening and robust demand reflecting a strong pick-up in cyclical sectors. The positive earnings momentum of the last two quarters is likely to sustain in Q4, led by a sharp demand revival across segments. This is further supported by the lower base of last year,” says Neeraj Chadawar, Head, Quantitative Equity Research, Axis Securities.
Denne historien er fra May 16, 2021-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 16, 2021-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
