According to data from Ace Equity, 13 companies have demonstrated consistent sequential revenue growth over the last four quarters during the ongoing first quarter earnings season. The companies that have reported their numbers so far have either met or surpassed estimates, indicating positive momentum in corporate performance. Among the notable performers are Tata Consultancy Services (TCS), HCL Technologies, L&T Finance, Indian Bank, Just Dial, Bajaj Consumer Care, and Bank of Maharashtra.
As reported by multiple sources, TCS posted revenue of ₹72,275 crore in the first quarter of the current financial year, marking a sequential increase of 2% from ₹70,698 crore in the previous quarter. The company reported a net profit of ₹13,349 crore in Q1 FY27, representing an increase of nearly 5% from ₹12,760 crore in the same period last year. TCS's revenue growth trajectory shows improvement from ₹67,087 crore in December quarter and ₹65,799 crore in September quarter of the previous financial year.
According to reports, HCL Technologies demonstrated robust performance with revenue of ₹33,872 crore at the end of December quarter and ₹31,942 crore at the end of September quarter of the previous financial year. The company posted a 20.32% year-on-year surge in consolidated net profit to ₹4,624 crore during Q1 FY27, compared with ₹3,843 crore in Q1 FY26. Sequentially, profit rose 3.03% quarter-on-quarter from ₹4,488 crore in the March quarter of FY26.
As reported by multiple sources, Indian Bank last week reported a net profit of ₹3,273 crore in Q1 FY27, marking an increase of 10% from ₹2,973 crore in the same period last year. The jump in profit came on account of lower provisions for bad loans and improvement in asset quality. The bank's interest income in December and September quarters came in at ₹17,102 crore and ₹16,628 crore respectively. Bank of Maharashtra reported a 27% year-on-year surge in net profit to ₹2,020 crore for Q1 FY27, compared to ₹1,593 crore in the same quarter of the previous fiscal year.
According to reports, L&T Group firm posted a 16.9% year-on-year surge in consolidated net profit (attributable to shareholders) to ₹1,466.3 crore in Q1 FY27, compared with ₹1,254.1 crore in the year-ago period. Its USD revenue grew by 6.09% YoY to $1,223.5 million in Q1 FY27, as against $1,153.3 million in the corresponding quarter of FY26. The company's revenue in December and September quarters of the previous financial year stood at ₹10,781 crore and ₹10,394 crore respectively.
