No fireworks expected from TCS Q2 results; net profit seen down 0.2% QoQ

Epic Update TCS
Epic Update TCS

Tata Consultancy ServicesBSE 0.50 % (TCS) is likely to report 0.2 per cent quarter-on-quarter (QoQ) drop in September quarter net profit on Thursday, October 13, at Rs 6,302.20 crore, according to a poll conducted by ETNow.

The IT bellwether reported a net profit of Rs 6,317 crore for the previous quarter.

According to a consensus estimate of analysts polled Now, the country’s largest IT company is likely to deliver 1.47 per cent quarter-on-quarter growth in revenues at Rs 29,735.30 crore for September quarter, compared with Rs 29,305 crore reported in June quarter.
Dollar revenues may increase 1.78 per cent to $4,441 million during the quarter under review. The slowdown in North American financial services sector is likely to hurt growth in coming quarters, showed the poll.

Earnings before interest and tax in Q2 of the current financial year is expected to rise 3.6 per cent QoQ to Rs 7,612.24 crore from Rs 7,347 crore reported for the previous quarter, the ET Now poll showed.

The EBIT margin is likely to expand slightly to 25.60 per cent for the September quarter. The IT major reported 25.10 per cent margin in the preceding quarter.
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