Big Companies, Namely Wipro and Hindustan Unilever, Are Expecting to Release Q4 Earnings Today

Investors are waiting for popular businesses such as Wipro, Tech Mahindra, Hindustan Unilever, and others to announce Q4 earnings results with market swings.

The Q4 earnings releases from a number of well-known companies, including Wipro, Hindustan Unilever, Tech Mahindra, and LTI Mindtree, were highly expected by investors on Thursday. This important financial information will provide insights on how the businesses performed in a range of market contexts.

Leading IT services firm Wipro will probably face difficulties as a result of a typically bad quarter and possible macroeconomic effects. Although poor industries such as US retail are putting pressure on dollar revenues, analysts expect a little QoQ profit of 0.5%.

With forecasts of double-digit revenue growth fueled by high demand for beauty and personal care items, Hindustan Unilever, the massive FMCG company, is expected to do well. The company's Q3FY23 results showed that it could tolerate growing raw material costs as it beat the market.

Tech Mahindra's quarterly reports, which indicate a 5% YoY decline in net profit, are expected to highlight persistent macroeconomic difficulties. Investors became concerned when the company's growth rate was slow in the preceding quarter.

A 4.7% YoY fall in net profit announced for Q3FY23 has raised expectations for LTI Mindtree's results release as well. In spite of this, the company's sales increased by 25.3%, suggesting that a recovery is possible.