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After an expected show from the Tata group company, all eyes will now be on sector peer Infosys, which will detail its earnings before market hours on Friday. Analysts expect Infosys to report a sequential fall of 5-8 per cent in consolidated net profit in the April-June quarter. Besides Infosys, companies such as Infomedia Press and Bhansali Engineering Polymers will also declare their Q1 current fiscal results on Friday.
For the full year,net loss reported to Rs 3.50 crore in the year ended March 2017 as against net loss of Rs 3.71 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.
In a fresh development, today, Infomedia Press Limited has announced its financial results for the quarter ended December 31, 2016.
About a dozen companies including DCB Bank, TV18 Broadcast, Network18 Media, Infomedia Press (on Saturday) and Reliance Industries, Geometric, LIC Housing Finance, Jay Bharat Maruti, HIL and Dewan Housing Finance Corp (on Monday) will announce their Q3 results. The Boards of Jay Bharat and Dewan Housing will also consider proposals for issue of NCDs on private placement basis. Dewan Housing plans to raise ₹5,000 crore through the NCD issue.
Over half-a-dozen companies including Infosys, Bajaj Corp, Crisil, DCB Bank, GEI Industrial Systems, Infomedia Press, KS Oils, Network 18 Media & Investments and TV18 Broadcast will announce their June-September quarter results on Friday. All eyes will be on Infosys, as TCS, which announced its result on Thursday, said going ahead, the company's outlook remains subdued due to uncertainty surrounding the US elections and Britain's decision to leave the EU.
Infomedia Press, Network18 Media & Investments, TV18 Broadcast, Reliance Industrial Infrastructure and LGB Forge will announce their Q1 financial performance on Wednesday. Shares of these companies will react positively if they announce better performance, given the current mood in the overall market. Analysts and traders will closely monitor results of Network18 group companies, which are being currently controlled by Mukesh Ambani.