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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| Estimates | Revenue | EBIT | Profit |
| ICICI Sec | 64,337.1 | 16,181 | 12,580 |
| Dolat Capital | 64,778 | 16,453 | 12,766 |
| PL Capital | 64,290 | 16,200 | 13,000 |
| KR Choksey | 63,924 | 15,736 | 12,296 |
| HDFC Sec | 63,811 | 15,673 | 12,315 |
| Motilal | 63,920 | 15,660 | 12,480 |
| Average | 64,176.68 | 15,983.83 | 12,572.83 |
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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