TCS will kick off the earnings season on April 12, 2023. Infosys will release its quarterly numbers on April 13 and HDFC Bank will declare its earnings on April 15
Experts believe profit growth in double digits and revenue growth in constant currency (CC) is likely to be the highest among peers on a sequential basis
Experts believe March is a seasonally weak quarter for Infosys. ICICI Securities expects revenue growth for Infosys to be soft at 0.1% in constant currency terms on a sequential basis
Experts believe that HDFC Bank can report a 19-25% rise in March quarter profits on a yearly basis. Emkay Global expects HDFC Bank to report healthy profitability, led by healthy NII growth/contained provisions
Shares of TCS have delivered over 300% return in the last 10 years. The stock ended at Rs 3,263.20 on Monday on BSE
Shares of Infosys have delivered over 280% return in the last 10 years. The stock ended at Rs 1,427.30 on Monday on BSE
Shares of HDFC Bank have delivered over 420% return in the last 10 years. The stock ended at Rs 1,658.10 on Monday on BSE
The third quarter is a seasonally weak quarter for IT companies. However, many experts believe that the fourth quarter may be a little slow too
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