Earnings to watch out for today@STOCK MARKET TIPS

Markets today will take cues from heavyweight  companies which will be releasing their first quarter results today.Given below are our expectations for the Nifty 50 and other prominent stocks, which will be releasing their Q1FY19 results today.

1) HCL Technologies Ltd Q1FY19E Result expectation: Pickup in IMS and C3i acquisition will aid revenue growth

• Revenue – Rs13,882cr, up by 5.8% qoq, aided by pickup in IMS and C3i acquisition
• EBIT – Rs2,738cr, up by 6.5% qoq
• EBIT Margin – 19.7%, flat (+13bps qoq), as currency benefit would get offset by lower margin profile of C3i
• PAT – Rs2,291cr, up by 3.5% qoq 

2) ICICI Bank Ltd Q1FY19E Result Expectation: Higher provisioning to drag PAT lower

• Net interest income - Rs5,878cr, up 5.2% yoy and down 2.4% qoq
• Pre-provision profit - Rs4,690cr, down 9.5% yoy and 37.6% qoq
• PAT - Rs41cr, down 98% yoy and 96% qoq

3) Reliance Industries Ltd Q1FY19E Result Expectation:Strong petrochem volumes to aid revenue growth

• Net Revenue – Rs110,995cr, up 33% yoy
• EBITDA – Rs16,865cr, up by 47.1% yoy
• PAT – Rs9,377cr, up by 12.3% yoy

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