Q1 results today: TCS, Anand Rathi Wealth among 17 companies to announce earnings on Thursday
Tata Consultancy Services (TCS) will announce its results on Thursday along with 16 other companies.
Some of the marquee results to watch out for on Thursday include that of Akme Fintrade, Anand Rathi Wealth, Vivid Mercantile, DRC Systems, RO Jewels, SM Auto Stamping, Shree Jayalakshmi, Stellant Securities, GNA Axles, GTPL Hathway, Amal Ltd, Marble City India among others.
TCS Q1 expectations
TCS is expected to report an 8% year-on-year jump in its net profit for the quarter ended June 2024, according to average estimates of four brokerages.
The revenue is expected to go up to 62,234 crore in the reported quarter, which will be a growth of 4.8% over the corresponding quarter of the last financial year.
The gains will be driven by the ramp-up of strong order signings in the earlier quarters along with traction in BFSI and retail segments.
While Prabhudas Lilladher's estimates on profit after tax (PAT) is highest among the brokerages, ICICI Securities' revenue estimates top the chart among several analysts. PL pegs the net profit of the IT giant at Rs 12,310 crore, while ICICI Sec's rupee revenue stands at Rs 62,491 crore.
Kotak Equities, on the other hand, is pricing in a near 5% year-on-year jump in net sales of Rs 62,229 crore and this translates to 1.6% sequential growth.
The revenue growth would be driven by the ramp-up of strong order signings in the earlier quarters, the brokerage said as it expects weak revenues from financial services and telecom verticals.
EBITDA (Earnings Before Interest Taxes
