Upcoming earnings reports are expected to provide insights into these companies' performance and strategies. Avenue Supermarts is projected to show profit growth, while HCL Technologies may upgrade its revenue forecast. Country Garden is likely to report further losses but is focusing on sales turnaround. Infosys is expected to show revenue growth, with deferred salary hikes and improved margins. TSMC's net income is likely to rise, and Reliance Industries is anticipated to see profit growth. Wipro's revenue is expected to remain stable, with strategic initiatives under new management being key, while Tech Mahindra's profit is projected to have more than doubled.
Key takeaways:
- Indian IT companies like Infosys, HCL Technologies, and Wipro are expected to comment on the impact of Trump's presidency on their businesses, with mixed implications from tax cuts and "America First" policies.
- Country Garden Holdings is working on restructuring to reduce debt by up to $11.6 billion, with earnings delayed for full-year 2023 and the first half of 2024.
- Infosys is expected to show 6.3% constant-currency revenue growth, with potential margin expansion and deferred salary hikes to the January-March quarter.
- Reliance Industries' quarterly profit is projected to rise 9.7%, driven by telecom unit Jio's price hikes and improved refining margins.