Q4 results today: Wipro, Jio Financial among 15 companies to announce earnings

Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sector's performance.

The fourth quarter earnings season is underway and it has been a mixed one for the . While ’ fourth-quarter numbers were better than expectations, missed estimates on revenue and FY25 guidance.

On Friday, as many as 15 companies will announce their quarterly numbers with some of the major ones in the mix, including Wirpo, , and among others.

Other companies which will declare the results are , , , VL-E Governance, , , , and others.

Wipro Q4 expectations

earnings for the March quarter are set to be another forgettable one for Dalal Street as the weak demand environment continues to weigh on growth.

The company’s consolidated revenue for the reporting quarter is expected to be flat sequentially and decline 4.3% year-on-year (YoY) to Rs 22,185 crore, according to the average of estimates given by 10 brokerage firms.

Consolidated net profit, though, is likely to rise by nearly 4% sequentially, but decline a sharp 9% YoY to Rs 2,799 crore, the estimates showed.

But more than the earnings, the Street will be all eyes and ears on the new MD and CEO Srini Pallia, seeking to hear about the planned strategy to bring Wipro back on the growth track in the current financial year.

Hindustan Zinc Q4 expectations

Hindustan Zinc is likely to see a sharp drop in its fourth-quarter earnings growth as net sales could fall around 11%. Meanwhile, net profit for the quarter may also dip 22% year-on-year.

"We expect zinc, silver and lead sales to increase by 3.9%, 3.8% and 0.1%, respectively year-on-year. We expect EBITDA to remain flat quarter-on-quarter with higher metal sales almost entirely offset by lower zinc prices," Kotak Equities.

All eyes will be on the guidance on CoP, volumes, and realizations. Further, investors may also keep a close watch on guidance on future dividend payout.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Source: Stocks-Markets-Economic Times

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