Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

TCS to Announce Q2 Results Today; Here's What to Expect

Most brokerages are expecting the company to post single-digit revenue growth this time as against the expectation of double-digit number earlier, weighed down by the weak performance of the banking and financial services (BFS) sector.

Trending Desk

Updated:October 10, 2019, 10:10 AM IST
facebookTwitterskypewhatsapp
TCS to Announce Q2 Results Today; Here's What to Expect
Image for representation. (Image source)

IT major Tata Consultancy Services Ltd (TCS) will be kick-starting the earnings season on Thursday as it announces its September quarter (Q2) results after-market trading hours. Traders would be keeping a close watch on the TCS share price ahead of the earnings as brokerages forecast a mixed set of numbers for the quarter.

Most brokerages are expecting the company to post single-digit revenue growth this time as against the expectation of double-digit number earlier, weighed down by the weak performance of the banking and financial services (BFS) sector.

Brokerage Motilal Oswal Financial Services said, “Segment-specific issues in BFS, especially in capital markets, are expected to exert pressure. Weak IT spending by a couple of European banks can further drag growth. In addition, the recovery in retail may be delayed, putting further pressure on the growth rates. All of these may lead to divergence from double-digit growth expected earlier.”

Motilal Oswal expects TCS to post sequential revenue growth of 2.3% in constant currency (CC) terms in the September quarter, implying year-on-year growth of 8.8%. Another brokerage house Kotak Securities also expects CC revenue growth of 2.6% during the quarter.

According to Prabhudas Lilladher, TCS may post CC revenue growth of 3.2% during the second quarter along with cross-currency headwinds of 72 basis points and moderation in revenue growth due to client-specific issues in BFSI vertical in Europe.

In terms of profit, Prabhudas Lilladher expects TCS to report adjusted PAT (profit after tax) of Rs 8,542.7 crore during the September quarter, up 8.1% year-on-year. Kotak sees adjusted PAT rising 6.3% y-o-y to Rs 8,396.6 crore, while Edelweiss expects it to be even lower at Rs 8,150.5 crore, up 3.2%.

Kotak Securities says TCS’s Ebitda (Earnings before interest, tax, depreciation and amortization) will jump 6.7% year-on-year to Rs 10,969.3 crore during the September quarter, while Edelweiss Securities estimates it to grow 5%. As per Prabhudas Lilladher, Ebitda may climb by an even lower 4.6% to Rs 10,746.1 crore in the September quarter.

Operating margins may also remain muted for TCS. Kotak Securities expects a 9 bps y-o-y decline in Ebitda margin at 27.8% in the September quarter, while Prabhudas Lilladher says a 71 bps YoY decline in margins is possible.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
IRCTC 706.65 120.83
Infosys 788.65 -3.21
Indiabulls Hsg 205.50 -2.10
Tata Motors 127.65 5.23
TCS 2,025.00 1.92
Company Price Change %Gain
IRCTC 706.15 120.67
Indiabulls Hsg 205.50 -2.12
Yes Bank 39.30 -0.76
CRISIL 1,291.00 -0.45
RBL Bank 260.30 -2.42
Top Gainers
Company Price Change %Gain
Tata Motors 127.65 5.23
ONGC 133.70 3.64
Tata Steel 348.05 2.67
JSW Steel 222.85 2.58
Vedanta 150.65 2.45
Company Price Change %Gain
Tata Motors 127.45 5.03
ONGC 133.55 3.45
Tata Steel 348.10 2.56
Vedanta 150.70 2.55
Sun Pharma 395.10 2.28
Top Losers
Company Price Change %Gain
Infosys 788.65 -3.21
Cipla 435.65 -1.29
Bajaj Finance 3,933.60 -1.00
GAIL 123.95 -0.80
Power Grid Corp 199.35 -0.82
Company Price Change %Gain
Infosys 788.55 -3.33
Bajaj Finance 3,935.00 -1.02
Power Grid Corp 199.50 -0.75
Yes Bank 39.30 -0.76

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results