Results Today: HCL Tech, Tinplate Company, Ashirwad Capital among key earnings to watch

14 Jan 2022 , 08:17 AM

After TCS, Wipro and Infosys earnings, all eyes are set on HCL Technologies financial performance for the quarter ending December 2021 (Q3FY22). HCL will be among a list of companies set to present their Q3 today.

In Q3FY22, HCL Tech is seen to garner strong numbers in its financial books on a sequential basis. Double-digit growth is expected in P&P (Products & Platforms) segment as it could benefit from deal closures that were delayed in the preceding quarter. EBIT margins are seen to expand due to higher offshoring, rupee depreciation, robust revenues from the P&P segment.

Key things to watch out for in HCL results are – organic growth outlook within IT services, outline on strategic changes for Products & Platforms post-management change, attrition trends and management commentary.

More firms that are set to present their Q3 today are – Tinplate Company of India, Ashirwad Capital, Gujarat Hotels, Indokem, Infomedia Press, International Travel House, Onward Technologies, Refnol Resins & Chemicals, Space Incubatrics Technologies, Swasti Vinayaka Art And Heritage Corporation, and Swasti Vinayaka Synthetics.

The above-mentioned companies stock will be in focus today on stock exchanges amid Q3.

The third quarter will play a key role in influencing markets outlook. Currently, apart from corporate results, equities markets are moving volatile due to Covid resurgence on the back of Omicron spread which has already raised concerns for a slowdown in economic recovery.