HCL Tech, ICICI Prudential AMC and other companies to release first quarter results on July 13

July 13, 06:21

Today is scheduled for the announcement of financial results for the first quarter of the fiscal year 2027 (Q1FY27) for a number of companies, including HCL Technologies, ICICI Prudential Asset Management Company, Nuvoco Vistas Corporation, Bajaj Consumer Care, Khaitan Chemicals & Fertilizers, and Plastiblends India.

List of Companies with Reports

In addition to the companies listed above, reports on earnings will be presented today by firms such as Simbhaoli Sugars, Vivo Bio Tech, IGC Industries, Shree Steel Wire Ropes, Cella Space, Leapfrog Engineering Services, Mahaveer Infoway, Sharp Investments, and Virtual Global Education.

Expectations for HCL Tech

Following the strong quarter reported by TCS in June, attention is focused on HCL Technologies, which will present its Q1 FY27 results later in the day. The board of directors will also consider the second interim dividend for FY27, although the record date has not yet been announced.

Investors will closely watch how HCL Tech's revenue is growing, its margins, the number of won contracts, FY27 forecasts, AI-related demand trends, as well as the dividend announcement.

LTM (formerly LTI Mindtree) Q1 Results

The company LTM, formerly known as LTI Mindtree, reported a 17% year-on-year growth in consolidated net profit, reaching ₹1,468 crore for the first quarter of FY27. Revenue increased by 18% to ₹11,608 crore.

In dollar terms, revenue grew by 6.1% year-over-year, amounting to $1.22 billion, with a 6.4% growth in constant currency (CC). Among the business verticals, financial services was the only one to show a decline of 2.5% in CC terms. The consumer sector, technology, and manufacturing verticals demonstrated growth of 18.2%, 10%, and 5.3%, respectively.

Market Overview on July 13

The GIFT Nifty fell almost 200 points to 24,045, signaling a weak start for the Nifty50. Asian markets were also declining amid renewed concerns about energy supplies through the Strait of Hormuz following the conflict between the US and Iran. Japan's Nikkei 225 index dropped by 1.44%, and South Korea's Kospi fell by 3.58%.

US President Donald Trump stated that the Strait of Hormuz remains open for commercial traffic, while Iran declared it closed.

business-standard.comJuly 9, 06:20

TCS, Anand Rathi Wealth, and GM Breweries among companies publishing first quarter reports for the fiscal year 2026-27

Several companies are scheduled to announce their first quarter financial results for the fiscal year 2026-27 (Q1FY27) on Thursday, July 9, 2026. Among them are Tata Consultancy Services (TCS), Anand Rathi Wealth, and GM Breweries.

Additional Companies with Reports

In addition to those listed, firms such as Eimco Elecon (India), Arunjyoti Bio Ventures, Cupid Breweries and Distilleries, and Gujarat Hotels will also present their reports today. The list also includes Sidh Automobiles and Supreme Infrastructure India.

TCS Results Overview

Tata Consultancy Services (TCS), India's largest IT services company, will publish its results for the June quarter (Q1FY27) on Thursday, July 9, 2026, after market close, i.e., after 15:30. The company may also announce an interim dividend for shareholders. The record date for determining eligible shareholders is set for July 15, 2026.

According to TCS regulatory documentation, the interim dividend, if declared, will be paid to ordinary shareholders whose names appear in the Company's Register of Members or in the records of the depositaries as beneficial owners of shares on the record date, which is set for Wednesday, July 15, 2026.

IT Sector Outlook

According to a Business Standard report, brokers believe that the IT sector continues to face numerous negative factors, making recovery uncertain. The start of Q1FY27 was slower than expected. Although the weakening rupee should provide some margin protection, concerns about AI-induced deflation have led to an overall decline in valuations across the sector.

Furthermore, according to Motilal Oswal Financial Services (MOFSL), demand commentary is likely to remain weak in Q1FY27. This is because macroeconomic uncertainty, AI-related disruptions, and geopolitical pressure continue to affect discretionary spending and decision-making cycles. Regarding TCS, the brokerage firm forecasts a sharp decline in margins in the June quarter due to annual salary hikes, while revenue in constant currency (CC) is likely to remain stable quarter-on-quarter.

Stock Market Review for July 9

The GIFT Nifty signaled a positive start for Nifty50 on Thursday amid mixed global cues. Futures traded at 23,988.50, showing a rise of 78 points.

Asian markets showed gains as semiconductor stocks rose, while investors assessed the renewed tensions between the US and Iran. South Korea's Kospi rose by 2.3 percent, and the Hong Kong Hang Seng index fell by 0.37 percent.

Overnight, the Dow Jones and S&P 500 indices fell by 1.09 percent and 0.28 percent, respectively, while the Nasdaq Composite increased by 0.2 percent. Crude oil prices continued to rise after the US struck Iran for the second consecutive day, raising concerns about supplies through the strategically important Strait of Hormuz.

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