The Q1 FY27 earnings season gathers momentum this week with 256 companies scheduled to announce their April-June quarter results. According to reports from The Economic Times, key names include IT major Infosys, food delivery and quick commerce giant Eternal, and two-wheeler maker Bajaj Auto. The earnings season kicked off earlier this month with IT services major Tata Consultancy Services (TCS) reporting its results, followed by leading private sector lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank announcing their June-quarter earnings on Friday. As per Live Mint, 60 companies are scheduled to release their financial results for the quarter ending on 30 June 2026 on Thursday, 23 July, amid ongoing earnings season.
As reported by Live Mint, brokerage firm Motilal Oswal expects Infosys to report 2.0% QoQ CC revenue growth (1.0% organic), supported by a two-month contribution from Optimum and Stratus. Growth remains 1H-heavy as in prior years, with US BFSI expected to remain resilient while telecom and manufacturing may stay weak due to client-specific issues. The brokerage expects Infosys to lower the upper end of its FY27 revenue growth guidance by 50bp to 1.5–3.0% YoY CC. Operating margin is expected to improve 40bps QoQ to 21.4%, aided by the absence of wage hikes in 1Q, reversal of visa-related costs incurred in 4Q, and continued Project Maximus-led cost efficiencies.
As reported by Live Mint, brokerage firm Kotak Institutional Equities expects IndiGo to post a strong 17% YoY increase in yields resulting from a mix of fuel surcharge and weak base of last year, with 40 bps YoY decline in load factor at 84%. The firm expects RASK less CASK (excludes other income and forex) at Rs0.03 per ASK, against Rs0.3 per ASK in 1QFY26. The same results from a steep increase (~40% qoq) in fuel CASK, with flat EoP currency in 1QFY27 may imply miniscule forex losses for the quarter.
As reported by The Economic Times, July 22 (Wednesday) will see nearly 60 companies declare Q1 FY27 results, including multinational power and energy company Adani Power, food and beverage company Nestle India, Zomato parent Eternal, renewable energy player Adani Green Energy, oil marketing firm Bharat Petroleum Corporation Ltd, power producer JSW Energy and financial technology solutions provider Oracle Financial Services Software. Other key companies on the Wednesday calendar include drug maker Dr Reddy's Laboratories, beverage company United Spirits, chemicals conglomerate SRF, crude oil refiner Hindustan Petroleum Corporation Ltd, private sector lender IndusInd Bank, renewable energy player NTPC Green Energy, mutual fund manager Nippon Life India Asset Management, ball and roller bearing maker Schaeffler India, and telecommunications firm Tata Communications.
According to Vinod Nair, Head of Research at Geojit Investments, as reported by The Economic Times, market sentiment continues to be supported by encouraging Q1 FY27 business updates and growing optimism over a healthy earnings season. Meanwhile, Goldman Sachs expects the Nifty 50 to rebound to 26,500 by June 2027, above its current record high of 26,373, as it turns more constructive on India amid an improving macroeconomic backdrop. Looking ahead, Nair said global investors will closely track Japan's inflation data for clues on the future path of interest rates, while India's PMI readings will provide fresh insights into economic activity and business confidence. On Wednesday, the Indian stock market ended sharply lower with the benchmark indices losing nearly 1% each as widespread selling pressure weighed on sentiment across sectors. The BSE Sensex declined 715.06 points, or 0.92%, to close at 76,755.05, while the NSE Nifty 50 fell 191.45 points, or 0.79%, to settle at 23,996.25.
