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TCS Q1 Results Live Updates: PAT expected to rise 8% YoY, revenue may grow 5%
11 Jul 2024 | 12:48:05 PM IST
TCS Q1 Results: Indian IT giant Tata Consultancy Services (TCS) is anticipated to announce an 8% year-on-year increase in net profit for the quarter ending June 30, 2024, totaling Rs 11,984 crore, based on average estimates from four brokerages.
Revenue for the quarter is expected to rise to Rs 62,234 crore, reflecting a growth of 4.8% compared to the corresponding quarter of the previous fiscal year, according to the average estimates.
Show moreRevenue for the quarter is expected to rise to Rs 62,234 crore, reflecting a growth of 4.8% compared to the corresponding quarter of the previous fiscal year, according to the average estimates.
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TCS Q1 Results Live Updates | TCS shareholding pattern
- According to the latest shareholding pattern available on Trendlyne, 71.77% of TCS's shares are held by promoters, 12.7% by FIIs, and 4.05% by mutual funds.
- FIIs/FPIs increased their holdings from 12.46% to 12.70% in the March 2024 quarter.
- Mutual funds increased their holdings from 3.51% to 4.05% in the March 2024 quarter.
TCS Q1 Results Live Updates | TCS Earnings Analysis: Quarterly operating profit growth has been higher than historical averages
TCS Q1 Results Live Updates | TCS Stock Performance
TCS shares have risen just over 2% so far this calendar year. Over the past year, the stock has surged nearly 20%, and it has climbed 25% in the last two years.
TCS Q1 Results Preview | Net profit may rise 7% YoY to Rs 11,853 crore, says Antique Stock Broking
- Brokerage Antique Stock Broking estimated TCS's net sales at Rs 62,094 crore for Q1FY2025 which will be 4.6% higher over Q1FY2024 and 1.4% up on a QoQ basis.
- As for the net profit for the reported quarter, TCS is expected to post Rs 11,853 crore, said Antique estimating 7% YoY growth and a 4.7% QoQ decline.
- EBITDA is estimated at Rs 16,352 crore, up 9% YoY and down 4.7 QoQ.
- Antique forecasts 1.5% revenue growth QoQ in constant currency with its USD revenue growth around 1.4% QoQ, with 10 bps headwind from cross currency.
TCS Q1 Results Live Updates | TCS Earnings Analysis: Operating revenue growth has remained consistent relative to historical averages
TCS Q1 Results Live Updates | Earnings estimates by Prabhudas Lilladher
Prabhudas Lilladher (PL) forecasts a 4.6% year-on-year increase in net sales for Q1, amounting to Rs 62,120 crore. Sequentially, revenue is anticipated to grow by 1.4%. Profit after tax (PAT) is expected around Rs 12,310 crore, reflecting a 10.7% rise compared to the same quarter last fiscal year, but a 1.5% decline sequentially.
The brokerage projects an EBIT margin of 24.9%, marking a 170 basis points increase year-on-year and a 110 basis points decrease quarter-on-quarter.
The brokerage projects an EBIT margin of 24.9%, marking a 170 basis points increase year-on-year and a 110 basis points decrease quarter-on-quarter.
TCS Q1 Results Live Updates | TCS faces a muted Q1, trend in project ramping holds the key for Q2 show
Tata Consultancy Services (TCS) is anticipated to face muted revenue growth for the June 2024 quarter due to sustained delays in deal ramp-ups and slower client decision-making. Additionally, higher wage costs are expected to impact the operating margin for the quarter.
The country's largest software exporter is expected to announce a 1.4% sequential growth in revenue, reaching $7,466.1 million, based on average estimates from ETIG and nine brokerages.
The country's largest software exporter is expected to announce a 1.4% sequential growth in revenue, reaching $7,466.1 million, based on average estimates from ETIG and nine brokerages.
TCS Q1 Results Live Updates | Earnings estimates by Kotak Institutional Equities
Kotak estimates a 4.8% YoY jump in net sales of the company at Rs 62,229 crore while a 1.6% sequential growth. The revenue growth would be driven by ramp-up of strong order signings in the earlier quarters.
The brokerage expects weak revenues in financial services and telecom. The adjusted profit after tax (PAT) is expected to go up by 8.7% on a YoY basis at Rs 12,043 crore while seeing a 3.4% decline on a quarter-on-quarter basis.
Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the reporting quarter stood at Rs 16,572 crore which is likely to go up by 10.5% on a YoY basis and 3.5% on a QoQ basis.
The brokerage expects weak revenues in financial services and telecom. The adjusted profit after tax (PAT) is expected to go up by 8.7% on a YoY basis at Rs 12,043 crore while seeing a 3.4% decline on a quarter-on-quarter basis.
Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the reporting quarter stood at Rs 16,572 crore which is likely to go up by 10.5% on a YoY basis and 3.5% on a QoQ basis.
TCS Q1 Results Live Updates | TCS Q4 earnings recap: Profit rises 9% YoY to Rs 12,434 crore, beats estimates
On Friday, India's top software exporter Tata Consultancy Services (TCS) announced a consolidated net profit of Rs 12,434 crore for the fourth quarter, marking a 9% increase from Rs 11,392 crore reported a year ago.
Revenue from operations saw a modest year-on-year growth of 3.5%, reaching Rs 61,237 crore. Additionally, the Board has proposed a final dividend of Rs 28 per share.
Revenue from operations saw a modest year-on-year growth of 3.5%, reaching Rs 61,237 crore. Additionally, the Board has proposed a final dividend of Rs 28 per share.
TCS Q1 Results Live Updates | TCS earnings recap
TCS Q1 Preview: PAT may grow 8% YoY to Rs 11,984 crore, revenue uptick seen at 4.8%
Indian IT giant Tata Consultancy Services (TCS) is anticipated to announce an 8% year-on-year increase in net profit for the quarter ending June 30, 2024, totaling Rs 11,984 crore, based on average estimates from four brokerages.
Revenue for the quarter is expected to rise to Rs 62,234 crore, reflecting a growth of 4.8% compared to the corresponding quarter of the previous fiscal year, according to the average estimates.
Revenue for the quarter is expected to rise to Rs 62,234 crore, reflecting a growth of 4.8% compared to the corresponding quarter of the previous fiscal year, according to the average estimates.
