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TCS Q1 result is set to be released today, July 11. Analysts expect YoY growth in TCS revenue, EBITDA and PAT driven by strong order signings and growth in BFSI and retail segments. Along with TCS, 16 other companies releasing their Q1 results today include NELCO and Anand Rathi Wealth.
Investors eagerly await the TCS Q1 results scheduled to be declared today, July 11. As far as market expectations are concerned, analysts anticipate growth in TCS’s net profit as well as revenue, driven by strong order signings and growth in BFSI and retail segments.
Kotak Institutional Equities
Kotak expects TCS's net sales to grow 4.8% YoY to ₹62,229 crore, with a 1.6% QoQ increase. They predict adjusted PAT to rise 8.7% YoY to ₹12,043 crore but decline 3.4% QoQ. EBITDA is forecasted to increase 10.5% YoY and 3.5% QoQ to ₹16,572 crore. They anticipate a 140 bps QoQ EBIT margin decline due to wage revisions and lower utilisation rates, offset by a 140 bps YoY increase.
Prabhudas Lilladher
Prabhudas expects TCS's net sales to increase 4.6% YoY to ₹62,120 crore, with a 1.4% QoQ growth. They predict PAT to rise 10.7% YoY to ₹12,310 crore, but decrease 1.5% sequentially. EBIT margin is projected at 24.9%, up 170 bps YoY but down 110 bps QoQ. They maintain an accumulated rating, citing growth from large deals and new clients despite margin pressure from wage hikes and visa costs.
ICICI Securities
ICICI Securities forecasts TCS's revenues to grow 5.2% YoY and 2.1% QoQ to ₹62,491 crore. They anticipate adjusted net profit to increase 6% YoY to ₹11,731 crore, but decline 5.6% QoQ. They expect revenue growth from BFSI, retail, and hi-tech sectors driven by Q1 deals, with EBIT margin likely to decline 186 bps QoQ due to higher employee costs after April 2024 wage hikes.
Antique
Antique estimates TCS’s net profit to be around ₹11,853 crore, up 7% YoY but down 4.7% QoQ. They predict net sales to rise 4.6% YoY and 1.4% QoQ to ₹62,094 crore. EBITDA is forecasted at ₹16,352 crore, up 9% YoY but down 4.7% QoQ. They anticipate a 1.5% QoQ revenue growth in constant currency, with USD revenue growth around 1.4% QoQ, and expect a 170 bps QoQ EBIT margin decline to 24.3%, mainly due to a 200 bps wage hike impact.
As the market looks forward to it, the TCS share price today remains in the spotlight. Apart from TCS, other companies releasing Q1 results today include Acrow (India), NELCO, Akme Fintrade India, PMC Fincorp, Amal, RO Jewels, Anand Rathi Wealth, SM Auto Stamping, DRC Systems India, Sree Jayalakshmi Autospin, G D Trading & Agencies, Stellant Securities (India), GNA Axles, GTPL Hathway, Vivid Mercantile, and Marble City India.
Here’s a comprehensive list of all the companies releasing their Q1 results today, on July 11, 2024.
G D Trading & Agencies | |
Whether you're an investor tracking earnings or simply curious about corporate performance, stay in the loop with updates from the Indian companies set to release their quarterly results today.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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