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These Companies Will Announce Q1FY22 Earnings On July 8, 2021

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A new quarter has kicked off with the beginning of July and now India Inc. shall unveil its first quarterly performance. Some of the companies' slated to announce their earning results on July 8, 2021 for first quarter of FY22 are IT major TCS, Shyam Metalics and Energy and Gammon Infrastructure Projects.

 
These Companies Will Announce Q1FY22 Earnings On July 8, 2021

For the IT companies, analysts expect them to post good set of numbers. It is expected that the sector shall continue to post strong momentum with huge hiring, earnings growth and higher cash flow conversion. "IT companies will report further acceleration in on-year revenue growth trajectory with Infosys expected to lead the charge amongst the Tier I techs in terms of sequential revenue growth," said analysts at JM Financial Institutional Securities.

As per JM Financial the company shall post constant currency growth of 3 percent sequentially, cross currency advantage of 30 bps. . Despite the FY22 wage increments being rolled out from Apr'21, EBIT margin decline is expected to be limited to 110bps, due to slight INR depreciation and growth leverage. Other aspects to look out for in respect of TCS are large deal TCV, client spending trends as well as price trends. The company has raised its target price on the scrip to Rs. 3300, an increase of 8 percent increase.

Shyam Metalics & Energy came up with its IPO offering recently and the offer drew good subscription. The company's shares closed on Wednesday at Rs 413.20 per share, gaining 5.60 per cent.

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Read more about: earnings tcs shyam metalics
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