April does not just signal the start of a brand new financial year but also the start of the Q4 earnings season. The Q4 earnings season starts with the announcement of the top 4 tech companies. Here is a look at the key earnings to be announced over next 20 days and crucial parameters to watch out for-
Q4 Earnings to watch
All eyes are on the tech companies as these numbers will officially kickstart the earnings action-
TCS
TCS is one of the first tech companies to declare its Q4 earnings. It will declare results on April 10. Along with the quarterly numbers, India’s largest IT company may also consider rewarding shareholders by announcing an interim dividend. TCS has been in news after it announced that the company is all set o hike employee salaries. One of the key aspects to watch out for in Q4 numbers would be the discretionary spend and order pipeline of the company. It will indicate the demand environment.
Infosys
The other key tech major, Infosys will also set to announce its Q4 earnings. According to BSE filings, Infosys will declare Q4FY25 earnings on April 17. The board may also consider dividend along with the fourth quarter numbers. Infosys share price has been under pressure in the recent past after Accenture narrowed its revenue guidance. However, Accenture reduced the guidance on the back of potential cuts from US Govt orders. What works in Infosys’ favour is that it has no exposure to orders from US Govt. However, Infosys Guidance will be a crucial cue that the street will be watching out for.
HDFC Bank
In terms of major banking earnings, HDFC Bank will declare its Q4 results on April 19. Given the Govt impetus to push consumption, HDFC Bank’s loan growth will be a key monitorable factor along with the margins and NPA condition. The HDFC Bank share price has been in focus as key international brokerage houses continue to favour the bank based on its fundamentals. Jefferies’ Chris Wood reduced stake in 4 stocks to hike stake in HDFC Bank.
ICICI Bank
April 19 is a busy day for the Banking sector. The second largest private sector bank will also declare its results on the same day as HDFC Bank. ICICI Bank has been favoured by key brokerage houses like CLSA. The bank’s loan growth, NIMs are NII are the hey factors to watch as it gets set to announce the Q4FY25 earnings.
HCL Tech
After TCS, Infosys, HCL Tech is the next key tech earnings to watch out for. During the Q3 results announcement, the company’s management had highlighted that it is well positioned to optimise “AI-led transformation that could bring new opportunities for growth.” All eyes would be specific announcements on that front. The Q4 results would be declared on April 22 and the board will also consider interim dividend. Earlier in January, the company had announced Rs 12 per share interim dividend along with another Rs 6 per share special dividend.
HUL, Nestle
FMCG major HUL is also getting set to announce its Q4FY25 earnings on April 24. FMCG has been in focus o the back of rural revival as well as the consumption push in the recent Budget. However, the street will watch out for potential margin pressure and urban demand tends. The board is also set to consider a final dividend when it meets to decide on Q4 earnings. In Q3, the FMCG major bought over 90% stake in beauty brand Minimalist and approved demerger of the icecream business. The other important FMCG play, Nestle earnings are also scheduled for the same day.
L&T Tech, MphasiS
L&T Tech and MphasiS are also going to announce their Q4 earnings on April 24. The discretionary spend remains a key factor to watch for these two tech companies.
UltraTech Cement
UltraTech Cement is another key result to watch out for on April 28. The stock has been in focus after the cement major forayed into cable and wire business.