99814 Investors following TCS. Share this News with them.
0
Like this story, share it with millions of investors on M3
TCS Q2 net profit seen up 2.9% at Rs 2450 cr
Country's largest software services exporter Tata Consultancy Services (TCS) is likely to report a growth of 2.9% QoQ in profit of Rs 2450 crore for the quarter ended September 2011, as per IFRS. Company had posted profit of Rs 2,380.3 crore in previous quarter.
Country's largest software services exporter Tata Consultancy Services (TCS) is likely to report a growth of 2.9% QoQ in profit of Rs 2450 crore for the quarter ended September 2011, as per IFRS. Company had posted profit of Rs 2,380.3 crore in previous quarter.
According to CNBC-TV18 estimates, revenues are expected to go up by 8.8% to Rs 11,750 crore from Rs 10,797 crore quarter-on-quarter.
Earnings before interest and tax (EBIT) is seen going up to Rs 3,160 crore from Rs 2,826.1 crore and EBIT margin is likely to go up by 70 basis points at 26.9% versus 26.2% quarter-on-quarter.
Company is expected to post forex losses of Rs 175 crore in the July-September period of 2011 as against Rs 79.6 crore in the previous quarter.
Factors to watch -Revenues growth is expected to be industry leading again -Dollar revenues growth is seen at 5.8% -21% exposure to GBP/EUR could hurt dollar-revenues growth -Cross currency impact is seen at 50-80 basis points -Margin is seen higher by 70 basis points due to rupee depreciation -PAT is seen marginally higher due to forex loss of Rs 175 crore.
