On Thursday, July 11, the Mumbai-based IT giant Tata Consultancy Services (TCS) is scheduled to release its first-quarter FY25 financial results. The start of India Inc.’s earnings season will be signaled by TCS, the country’s largest software exporter, being the first Nifty50 company to declare earnings for the upcoming fiscal year.
TCS Q1 FY25 Results Preview Earnings Kickoff
Major Anticipations for TCS Q1 Fiscal Year Results, TCS Q1 FY25 Results Preview Earnings Kickoff
When TCS releases its earnings report later this month, analysts are expecting big things because the Sensex and Nifty50 equity indices have recently hit all-time highs. The success of TCS will be closely monitored by investors for perceptions of the larger market.
Revenue and Profit Forecasts:
- TCS is expected to report a consolidated net profit of Rs 12,050 crore for the quarter ended June 30, per analysis by stock 24 news. This is a decrease of 3.1% from the preceding quarter.
- It is anticipated that revenue will increase by 1.7% on a quarter-over-quarter basis, or Rs 62,280 crore in rupee terms, and by 1.4% in dollar terms, or $7,463 million.
Operating Performance: –
- In constant currency terms, revenue growth for the IT major is expected to be 1.6%.
- For the June quarter, earnings before interest and taxes (EBIT) are expected to be Rs 15,280 crore, which would represent a 4.0% sequential fall.
Final Thoughts
All eyes will be on TCS as it gets ready to release its Q1 FY25 earnings. evaluate the success of India’s IT industry and the effect it has on the larger market. The predicted decline in profit and marginal rise in sales will offer important new information on the state of the industry and the business environment today.
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