This week, all eyes are on the Q4FY23 results of some major Indian companies, including the top players in IT and banking. We’re talking about Tata Consultancy Services (TCS), Infosys, Delta Corp, and HDFC Bank. These companies are among the most valuable in India, so it’s no surprise that traders and investors are eagerly waiting to see how they’ve performed this quarter.
On the IT front, TCS and Infosys are set to announce their results on April 12th and 13th, respectively. Both companies had a strong Q3FY23, with TCS seeing a 19.11% YoY increase in revenue and Infosys growing its net profit by 13.4% YoY. Looking forward to seeing if their momentum continues in Q4.
Meanwhile, Delta Corp is a small-cap firm in the casino industry that saw a 20.5% increase in net profit in Q3FY23.
Finally, HDFC Bank, one of India’s largest private banks, is set to announce its results on April 15th. Let us take a look at each one of them.
Focus on TCS, Infosys, Delta Corp, and HDFC Bank ahead of Q4FY23 results.
- Delta Corp
Delta Corp, a small-cap firm operating in the casino industry, is set to release its Q4 results on April 11th.
Last quarter, in Q3FY23, they saw a 20.5% increase in their consolidated net profit, which is pretty impressive! However, their consolidated profit before tax was only up 1.3% compared to the same quarter in the previous year.
We need to wait till April 11 to find out their performance in Q4.
2. TCS- Tata Consultancy Services
TCS India’s largest IT firm is unveiling its Q4 earnings on April 12th.
In Q3FY23, TCS saw its consolidated revenue from operations increase by 19.11% YoY and 5.28% QoQ, amounting to ₹58,229 crore. The net profit attributable to shareholders was ₹10,846 crores, up 11.02% YoY and 3.98% QoQ. TCS’ order book stood at $7.8 billion as of December 31, 2022, versus $8.1 billion in 2QFY23.
On April 13th, Infosys, the second-largest IT firm in India, is set to release its Q4FY23 results. Investors will be pleased to know that the company will also recommend a final dividend for the financial year ending March 31, 2023.
During Q3FY23, the company’s consolidated net profit increased by 13.4% YoY and 9.4% QoQ, reaching ₹6,586 crores, while its revenue from operations grew by 20.2% YoY and 4.9% QoQ, amounting to ₹38,318 crore. Infosys had a strong Q3 performance, with year-on-year growth at 13.7% and sequential growth at 2.4% in constant currency.
With its Q4FY23 results set to be released on April 13th, we are sure you are keeping your eyes fixed.
4. HDFC Bank
This week, on April 15th, 2023, the bank will announce its Q4FY23 results.
In the last quarter (Q3FY23), the bank’s net profit increased by 11.1% compared to the previous year, reaching ₹8,971 crores. Its net interest income also increased by 8.5% YoY to ₹17,120 crore. Furthermore, HDFC Bank’s total deposits rose by 10.2% YoY to ₹15.5 lakh crore, and its advances increased by 15.9% YoY to ₹11.5 lakh crore.
Apart from Infosys and HDFC Bank, several other companies are expected to release their Q4FY23 results this week. These companies include Delta Corp, Jai Mata Glass, Tierra Agrotech, Anand Rathi, Dharani Sugars & Chemicals, National Standard (India), Sanathnagar Enterprises, Amalgamated Electricity, Avantel, Roselabs Finance, Galactico Corporate Services.
In the coming days, the world of trading and investments will buzz with anticipation as major Indian companies such as TCS, Infosys, Delta Corp, and HDFC Bank announce their Q4FY23 results. It is an exciting time for the market, and investors should be prepared to react and, thus, keep an eye out to shape their investment strategies once the results are out, which is significant to understand the health and future growth possibilities of these companies.
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