Key Q1 Earnings Drive Markets
Indian Markets Brace as Forty Firms, Including Wipro, Tech Mahindra, Announce Q1 Earnings
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Key Points
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Wipro's board is scheduled to meet on July 15-16 to consider the audited Q1FY27 results and to decide on the declaration of an interim dividend, if any; the company has also shared the earnings conference call details for July 16.
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Axis Direct expects Wipro's Q1 FY27 revenue to grow about 1% QoQ, with EBIT margins likely to decline by 84 bps QoQ due to wage hikes and higher AI investments; monitor European business, acquisitions, and management guidance for FY27.
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Tech Mahindra's Q1 revenue growth is expected around 2.4% QoQ, with margins broadly flat as higher investments are offset by cost optimization and currency tailwinds; key monitorables include vertical-wise FY27 commentary, multi-year deal wins, forex losses, and AI adoption investments.
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Market updates noted that HDB Financial Services reported a 38% year-on-year rise in PAT for the June quarter, while HDFC AMC reported a 12% YoY rise in PAT, underscoring earnings resilience in the financials space per recent market news.
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Brokerages are identifying opportunities across fintech, PSU, insurance and financials, with names such as Union Bank of India, Groww, HDFC Life, HDFC AMC, ICICI Prudential Life, ICICI Lombard and HDB Financials highlighted as potential picks amid expectations of yield-curve benefits and margin resilience.
Around 40 Indian companies report their June-quarter earnings on July 16, making it one of the busiest days of the Q1 results season, according to NDTV Profit. Wipro, Tech Mahindra, Jio Financial Services, BHEL, ITC Hotels, and Polycab India are among the headline names on the calendar.
Markets have been volatile as investors look for direction from these results. Stock-specific moves are expected to be sharp, with brokerages flagging opportunities across fintech, insurance, PSU banks, and financials ahead of the announcements.
Wipro Eyes 1% Revenue Gain But Margins Under Pressure
Wipro's board met on July 15-16 to review its audited Q1 FY27 results and consider declaring an interim dividend, per NDTV Profit. An earnings call is scheduled for July 16 to walk investors through the numbers.
Axis Direct expects Wipro's revenue to grow about 1% quarter-on-quarter. But EBIT margins — a measure of operating profit — could fall by 84 basis points QoQ. Wage hikes and heavier spending on AI investments are the main culprits. Analysts say investors should watch Wipro's European business performance, any new acquisitions, and management guidance for the full FY27 year.
Tech Mahindra Seen Growing 2.4% With Margins Holding Steady
Tech Mahindra is expected to post stronger top-line growth than Wipro. Analysts forecast revenue rising around 2.4% quarter-on-quarter, according to NDTV Profit. That would mark a continued recovery for the company after a difficult stretch.
Margins are likely to stay broadly flat. Higher spending on AI adoption and fresh investments are being offset by cost cuts and favorable currency moves. Key things to watch include vertical-wise commentary for FY27, multi-year deal wins, forex losses, and how fast the company is deploying AI across its business.
HDB Financial and HDFC AMC Post Strong Earnings Already
Not all results are still pending. HDB Financial Services has already reported a 38% year-on-year jump in profit after tax for the June quarter, per NDTV Profit. HDFC AMC posted a 12% YoY rise in PAT — showing that the financials sector is holding up well.
Both stocks are in focus on Wednesday, alongside ICICI Lombard, MRPL, Ather Energy, and GMR Airports, NDTV Profit reported. Laser Power and Infra is also set to list on the NSE and BSE today.
Brokerages Spot Buying Opportunities in Insurance and Fintech
Several brokerages are using the earnings season to flag fresh stock picks. Names on their radar include Union Bank of India, Groww, HDFC Life, HDFC AMC, ICICI Prudential Life, ICICI Lombard, and HDB Financials, according to NDTV Profit. The common thread is yield-curve benefits and margin resilience.
Upstox also flagged stocks to watch on July 16, including Adani Power, Paytm, Angel One, Swiggy, Himadri Speciality, and Wipro. Competition and sector headwinds remain risks, but brokerages see near-term upside if results and management commentary come in ahead of expectations.
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