Revenue Growth Of This IT Company Is Expected To Be Up To 17 Percent, Results Will Be Released On 10th

The result season will begin with the results of the IT company TCS in the country. TCS is scheduled to release the September quarter results on Monday 10 October. Market experts believe that the results of IT companies can remain strong in the second quarter. A poll has been conducted among 5 brokerage firms on the estimate of the results of TCS company. In the second quarter of July-September 2022, TCS's consolidated profit is likely to increase by 5.4 percent year-on-year to Rs 10,151 crore.

Net profit stood at Rs 9,624 crore

Similarly, the consolidated income of the company is expected to increase by 17.2 percent year-on-year to Rs 54,949 crore. The company's consolidated net profit stood at Rs 9,624 crore in the corresponding period of the previous financial year, while consolidated revenue stood at Rs 46,867 crore. At the same time, in the April-June quarter of the current financial year, the company's profit stood at Rs 9,478 crore. While the income stood at Rs 52,758 crore.

what is opinion

ICICI Securities says that TCS will benefit from increasing demand from BFSI, healthcare, and retail sectors and the increasing proliferation of digital technology. ICICI Securities and Jefferies say that TCS' EBITDA margin may remain at 1.6 percent in the second quarter. Whereas Elara says that the company's EBITDA margin can remain at 23.5 percent.

TCS is down 20%

It is known that on October 10, the board of TCS will announce the second interim dividend, which will be monitored by the market. TCS has declined 20 percent so far in 2022 due to FII selling in the first half of the financial year. The stock touched its 52-week low of Rs 2926 on 26 September. Before the results, this stock is seen in the red mark.