TCS Q4 Results Live Update: Profit, revenue likely to grow in low single digits; FY25 outlook eyed

6 months ago 38

12 Apr, 2024 | 10:10:49 AM IST

Profit, revenue likely to grow in low single digits; FY25 outlook eyed

Indian IT services major Tata Consultancy Services will kickstart the earnings season for Nifty50 companies today. India's second biggest firm by market cap will likely post its earnings post market close today. On YoY basis, the profit is likely to rise 5.8% and on QoQ basis by 2.7%, shows an average estimate of analysts. Track this space for all the live updates related to TCS earnings. Read More

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TCS Q4 Results Live Update | Earnings Recap: What TCS posted in Q3 FY24

Tata Consultancy Services had reported a higher-than-expected revenue for the quarter ended December 2023, but the bottomline trailed expectations. It reported a 2% year-on-year (YoY) growth in consolidated net profit for the quarter to Rs 11,058 crore, and revenue increased by 4% to Rs 60,583 crore.

TCS Q4 Results Live Update: What to watch out for in TCS earnings?

The key monitorables for Dalal Street investors would be an outlook for FY25 for key verticals like BFSI, Hi-Tech, and telecommunications and for its key markets such as the US and Europe, especially after a bleak outlook from peer Accenture Plc last month.

TCS Q4 Results Live Update: Schedule of events for TCS earnings

After trading hours - Earnings Release
Tata Consultancy Services Limited will announce its results for the Fourth Quarter of FY 2024, ended March 31, on Friday, April 12, 2024, after-market trading hours. The results will be available on www.tcs.com.

• 17:30 hrs IST - Press Conference
The leadership team will address the media in a Press Conference at 17:30 hrs IST (20:00 hrs SST/HKT, 13:00 hrs UTC, 08:00 hrs US ET). The interaction will be telecast live on various business news channels and also streamed live on our website and on our YouTube channel.

• 19:00 hrs IST - Earnings Conference Call
The Company will also host an Earnings conference call at 19:00 hrs IST (21:30 hrs SST/HKT, 14:30 hrs UTC, 09:30 hrs US ET), during which the leadership team will discuss the financial performance and take questions.

TCS Q4 Results Live Update: Operating margin estimates for March quarter

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.

TCS Q4 Results Live Update: TCS shares traded flat ahead of Q4 results today

Price as on 09:40:58 AM 09:40 AM, Click on company names for their live prices.

TCS Q4 Results Live Update: TCS revenue outlook in CC terms

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 Q4 Results Live Update: What analysts are peniclling in for TCS earnings

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.