TCS Q4 results on 12 April; From Dividend to focus on guidance, know about everything

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₹24 a share as dividend taking total dividend to ₹69 for FY23. At the end of the December'23, quarter , TCS has declared dividend of ₹18 translating to a dividend yield of 1.78%. Also Read- Adani Power shares hit record high today, jump 18% in 4 sessions The IT companies are likely to feel growth challenges during the January to March'2024 quarter too.

The rate of furlough recovery remains slow and there is ongoing pressure on discretionary IT expenditures. The cut in guidance by Accenture has already added to investors and analyst concerns. Analysts predict Q4FY24 to be a moderate quarter with muted growth, although the same in line with expectations and factored by the stocks.

Analysts at Nuvama Institutional Equities in their Q4 preview said that “Revenue growth is likely to be between -1.5% and +4.5% dragged by a gradual reversal of furloughs and lower discretionary tech spends". However Tata Consultancy Services (TCS) is still likely to see some revenue growth. on sequential basis.

Analysts at Jefferies India Pvt Ltd in their result preview have said that "Aggregate revenue growth in 4QFY24 should remain weak at 0.3% sequentially in constant currency terms , with only TCS and Coforge likely to post sequential growth. TCS as per Jefferies is likely to report 1.4% sequential growth in revenues on sequential basis in constant currency terms. This will be led by deal rampups.

Analysts at Nuvama also expect TCS along with a few others to report modest growth (1.0%–2.5%). JM Financial analysts expect constant currency, sales growth to come at 1% which coupled with 30bps cross-currency tailwinds, will mean revenue growth of 1.3% sequentially. Meanwhile the deal flows may also keep margins stable while lower attrition may