L&T shares up 2.27% after Q1 profit surges 12% to ₹2,786 cr
Boosted by robust order growth in Middle East, L&T received orders worth ₹70,936 cr at group level, registering a year-over-year growth of 8% in the first quarter
Boosted by robust order growth in Middle East, L&T received orders worth ₹70,936 cr at group level, registering a year-over-year growth of 8% in the first quarter
Sequentially, the net profit dropped 8% to ₹436.5 crore, while the revenue was up 12% at ₹643.1 crore in Q2 FY24.
Investors will keep a close eye on macroeconomic data such as monthly GST collection, manufacturing and services PMI, while quarterly results by big players will also be watched.
TCS is expected to report 2.3% sequential growth in profit and 3.1 quarter-on-quarter (QoQ) growth in revenue for the March quarter of 2022.
Q4 results: IT giants TCS, Infosys, and Wipro are expected to report moderate growth in revenue during the December quarter due to continued higher employee expenses.