The Indian Information Technology sector is ready to kick start results season from October 11. Brokerages expect the IT sector to post tepid results in the Q2 FY24.
ICICI Bank on October 21, Tech Mahindra and Jubilant FoodWorks on October 25, Asian Paints on October 26; and Dr Reddy's Labs, Bajaj Finserv and M&M Financial on October 27 are other noteworthy results ahead.
Tata Consultancy Services reported a 5.2 per cent rise in consolidated net profit to ₹9,478 crore for the July 2022 quarter while the consolidated revenue grew by 16.2 per cent to ₹52,758 crore