Corporate earnings: Infosys, HDFC Bank, Wipro, ICICI Bank, others to declare Q4 results next week

With IT bellwether Tata Consultancy Services (TCS) kicking-off March quarter earnings season last week, several big players, including HDFC Bank , Infosys , Wipro , and ICICI Bank , are lined up to unveil their financial results this week. Indian stock market will be open for just three days next week amid market holidays for Dr. Baba Saheb Ambedkar Jayanti and Good Friday on April 14 and April 18, respectively.

As per the quarterly results calendar available on the BSE and NSE, a total of 34 companies will release their earnings reports for March quarter next week, starting with known players such as Hathway Bhawani Cabletel & Datacom, Indian Renewable Energy Development Agency (IREDA) , and ICICI Prudential Life Insurance Company on April 15.

On April 16, Angel One , Wipro , Waaree Renewable Technologies , Swaraj Engines, GTPL Hathway will unveil their Q4 results, followed by Infosys, HDFC Asset Management Company, Tata Elxsi on April 17.

Among others, Mastek and Network 18 Media & Investments are set to release their earnings report on April 18, while leading private lenders HDFC Bank, ICICI Bank, and YES Bank will announce their results over the weekend on April 19.

Among these big players, Infosys, HDFC Bank, and ICICI Bank are also expected to declare dividends next week.

As per Equirus Securities, FMCG, building materials, oil & gas companies are expected to report decline in earnings, while automobiles and banking, financial services and insurance sectors to report flat results. While Paint companies are seen posting soft numbers due to weak demand and adverse price mix leading to soft margins, consumer discretionary, consumer durable, IT, healthcare and commodities are expected to report strong earnings growth.

Among others, financials to see a soft quarter with net interest margins expected to compress for private and public sector banks, capital market companies forecast to see lower revenues and other income and registrar and transfer agents to see sequential decline in margins.

Meanwhile, JM Financial in a report said that 35% of companies under its coverage are likely to see cuts to the FY26E earnings per share (EPS) during the Q4 result season. Sectors where the highest percentage of companies could see EPS cuts in FY26E are IT, auto and auto ancillaries, building material, media, chemicals and industrials.    

“Through 9MFY25, Nifty registered 8% YoY growth in EPS, resulting in a 4Q asking rate of 3%. However, we now expect Nifty 4Q PAT to decline 2% YoY, led by weak performance in BFSI (YoY EPS decline of 4% YoY and 44% weight in Nifty earnings),” it said in a report.

According to JM Financial report, the weak BFSI performance is likely to be driven by falling loan growth, net interest margin (NIM) compression driven by weak CASA growth and recent rate cut, weak trading gains and elevated credit cost. Ex BFSI, Q4 Nifty PAT is yet expected to decline lower at 1%. Besides BFSI, key contributors to this decline are likely to be IT and Oil & Gas.

Sectors that should show decent growth include infrastructure (+14% YoY, 4% Nifty weight); automobiles (+10% YoY, 9% Nifty weight); metals & mining (+11% YoY, 2.5% Nifty weight), the report noted. 

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