INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Tata Consultancy Services (TCS) climbed 1 per cent in morning trade on Friday ahead of its March quarter earnings,
scheduled for later today.
Brokerages estimate the company to report stable margins, but there may be a slight decline in net profit
JM Financial expects TCS’s profit to decline by 2.9 per cent QoQ, but revenues may grow 1.8 per cent QoQ in constant currency terms
Motilal Oswal Securities expects the company's PAT to come around Rs 7,840 crore, lower by 3 per cent QoQ due to a drop in total other
"We expect TCS to grow its constant currency revenues by 2 per cent QoQ and 12.1 per cent YoY," the brokerage said
While the numbers will tell how the company fared during the quarter gone by, the market will keenly watch the company's commentary on
client budgets, order book and pipeline of large and mega deals, Diligenta (a UK subsidiary of the company) and outlook across verticals,
especially on the BFSI and retail, to figure out newer drivers for the stock
Shares of the company traded 0.66 per cent up at Rs 2,032.35 apiece on BSE around 9:50 am
