TCS Q1 net may fall 3.3% at Rs 3478.5 cr: Nirmal Bang
Nirmal Bang expects Tata Consultancy Services to report a 3.3 percent degrowth quarter-on-quarter (growth of 6 percent year-on-year) in net profit at Rs 3478.5 crore.
July 18, 2013 / 13:09 IST
Nirmal Bang has come out with its first quarter (April-June) earnings estimates for technology sector. The brokerage house expects Tata Consultancy Services (TCS) to report a 3.3 percent degrowth quarter-on-quarter (growth of 6 percent year-on-year) in reported profit after tax at Rs 3478.5 crore.
Revenues are expected to increase by 6.9 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 17558.4 crore, according to Nirmal Bang.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.2 percent Q-o-Q (up 11 percent Y-o-Y) to Rs 4810.2 crore. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
