TCS‘s share price was trading in the green ahead of the company’s scheduled earnings release this evening.

What To Expect: Analysts expect single-digit growth for India’s biggest IT services company. HDFC Securities forecasts Tata Consultancy Services (TCS) to report revenues of ₹63,811 crore, with a net profit of ₹12,315 crore. Meanwhile, Motilal Oswal projects a modest 1.0% QoQ constant currency (CC) growth, citing factors like deal scale-ups, including the BSNL deal, and recovery in North America’s BFSI segment.

On average, the IT giant is expected to post a revenue of ₹64,176 crore with a net profit of ₹12,572 crore.

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However, they anticipate a 20 basis point contraction in EBIT margin due to BSNL ramp-ups and investments in talent. They expect revenues of ₹63,920 crore and a net profit of ₹12,480 crore.

On a more optimistic note, ICICI Securities predicts a 2.3% growth in USD terms and 1.5% QoQ CC growth, driven by strength in retail and the hi-tech segments, supported by recent deal wins. They also expect a 49 basis point improvement in EBIT margin, attributing it to the absence of wage hikes this quarter, with revenue estimates at ₹64,337 crore and net profit at ₹12,580.6 crore.

Price Action: TCS’s share price was

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