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TCS to Announce Q2 Results Today, Focus on Revenue and Profit Growth

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Synopsis:

TCS share price remains in focus ahead of its Q2 results. Analysts expect 8% YoY revenue growth and a net profit of ₹11,342-12,443 crore. The performance is expected to be driven largely by the ramp-up of deals, particularly the BSNL project.

TCS Q2 Results Preview - TCS Share Price in Focus

Tata Consultancy Services (TCS) shares will be closely watched today as the company prepares to announce its second-quarter (Q2) results post-market hours. TCS share price has remained largely flat in anticipation of the earnings report, gaining 0.13% to close at ₹4,258.95 on Wednesday.

TATA CONSULTANCY SERV LT

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4206.859.79 (1.44 %)

Updated - 11 November 2024
4234.30day high
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4117.65day low
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714516
VOLUME (BSE)

Revenue and Profit Growth Expectations

Industry experts expect TCS to post up to 8% year-on-year (YoY) revenue growth in Q2, with estimates ranging between ₹59,692 crore and ₹63,944 crore. This performance is expected to be driven largely by the ramp-up of deals, particularly the BSNL project.

On the profit side, TCS is anticipated to report net profits in the range of ₹11,342-12,443 crore, marking an 8-10% YoY increase compared to the same quarter last year.

Sequential Performance

Sequentially, revenue is expected to grow between 1.2% and 2.6%, according to various estimates. For net profit, quarter-on-quarter (QoQ) growth could vary.

Key Metrics

In addition to revenue and profit, the earnings report will be closely scrutinised for commentary on the FY25 demand environment, particularly in discretionary spending and the visibility of deal ramp-ups.

These factors are expected to play a significant role in determining TCS’s future performance as the global IT sector adjusts to evolving economic conditions.

Market Capitalization and Stock Performance

With a market capitalization exceeding ₹15 lakh crore, TCS remains a dominant player on the BSE. The stock reached an all-time high of ₹4,585 on September 2, 2024, but has since fallen more than 4% over the past month. Over the past year, however, TCS shares have delivered a solid return of 17.36%.

Key Takeaways

As TCS kicks off the Q2 earnings season, the focus will be on the company’s ability to maintain its growth trajectory amid challenges in the global IT landscape. The stock's performance post-results will likely depend on how well the company addresses concerns about future demand and deal execution.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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