INSUBCONTINENT EXCLUSIVE:
Shares of Tata Consultancy Services went up marginally ahead of its financial results for quarter ended December 2018, scheduled later in
The scrip was up 0.38 per cent at Rs 1,895 at around 9.45 am while BSE Sensex was down 0.09 per cent at 36,181.94.
Brokerage firm IDBI
Capital Markets sees 3.70 per cent quarter-on-quarter and 25.50 per cent year-on-year rise in net profit of TCS in Q3 FY19
It also projected 2.80 per cent QoQ and 22.60 per cent YoY jump in revenue for October-December quarter.
Market participants need to watch
commentary on demand outlook for calendar year 2019, given global macro uncertainties, ramp-up of large-deals and outlook on EBIT margin
amid rupee volatility, it stated, adding that one should zero in on large deal wins and growth in large clients, growth in digital services
and commentary on ramp-up of recent deals.
“We forecast EBIT margin to improve by around 25 basis points QoQ led by rupee depreciation and
partly offset by seasonal weakness,” IDBI Capital Markets said in a report.
Sharekhan sees 3.90 per cent QoQ and 25.70 per cent YoY jump
in net profit of TCS in Q3 FY19
The brokerage house also believes that EBITDA margin is expected to improve by around 44 basis points QoQ, led by operational efficiencies
and marginal benefits from rupee depreciation
Net is seen to grow on account of anticipated strong revenue growth and benefits from rupee depreciation.
