Red signal: These 10 companies may report loss in June quarter earnings

Sectors like auto and auto ancillaries, consumer discretionary and FMCG will get affected by demand slowdown.

The June quarter earning is likely to mimic the March quarter's with financials leading the growth while consumer discretionary, consumer staples, industrials, material and real estate could post declining trend sequentially in the top-line growth.

“Given all the growth concerns, expectations have already been beaten down and we expect companies to largely deliver in line with consensus,” Vipin Khare, Director of Research, William O'Neil India told Moneycontrol.

However, experts say that there is a possibility double-digit earnings growth could be seen after the September quarter.

“The subdued economic activity is likely to have affected revenue growth. Additionally, revenue may be affected by the ongoing inventory correction. Both of these factors will also impact margins and thus net profit growth,” Karvy Stock Broking said in a report.

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