Q4 Results Today: What to expect from TCS earnings?
Tata Consultancy Services (TCS). Apart from this, Anand Rathi Wealth will announce its earnings for three-months ended March 31, 2024 along with three more lesser known companies listed on the exchanges — Eraaya Lifespaces, Metalyst Forgings and Milgrey Finance & Investments
Here's a preview of what the numbers might look like for TCS:
TCS Q4FY24 results
IT bellwether Tata Consultancy Services will kickstart the fourth quarter earnings season for the sector on Friday, and the company is likely to see an improvement in the performance sequentially due to reversal of furloughs.
Some recovery in the mainstay banking, financial services and insurance (BFSI) vertical and continued traction in the manufacturing sector are likely to help TCS report 1.0-1.1% sequential growth in revenue in constant currency terms for the quarter ended March, according to analysts.
TCS’ consolidated revenue is seen rising 1.4% sequentially to Rs 61,428.4 crore, and profit is expected to grow by 2.7% to Rs 12,050 crore, according to the average of estimates given by 10 brokerage firms.
On a year-on-year (YoY) basis, the software major’s topline and bottomline may rise 3.8% and 5.8%, respectively.
Further, most analysts see a sequential improvement in the profitability for TCS on the back of operational efficiencies.
Analysts’ estimates of operating margin for the March quarter, calculated as earnings before interest and taxes (EBIT), are in the range of 25.2-27.2%, compared to 25% in the December quarter.
In the December quarter, TCS
