TCS Q2 net may rise 20.2% at Rs 4563 cr: ICICIdirect
According to ICICIdirect.com, Tata Consultancy Services (TCS) may report a 20.2 percent growth quarter-on-quarter (growth of 29.9 percent year-on-year) in net profit at Rs 4,562.8 crore.
October 15, 2013 / 10:09 IST
ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the information technology sector. The brokerage house expects Tata Consultancy Services (TCS) to report a 20.2 percent growth quarter-on-quarter (up 29.9 percent year-on-year) in net profit at Rs 4,562.8 crore.
Revenues are expected to increase 15.9 percent Q-o-Q (up 33.4 percent Y-o-Y) to Rs 20,844.3 crore, according to ICICIdirect.com.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 27.9 percent Q-o-Q (up 48.5 percent Y-o-Y) to Rs 6,591.8 crore.ICICIdirect.com's Report on Tata Consultancy Services:US dollar, rupee revenues may grow 6.1 percent, 15.9 percent Q-o-Q to USD 3,358 million, Rs 20,844 crore, respectively, led by healthy volumes and Alti contribution. EBIT margins may increase 275 bps Q-o-Q to 29.8 percent led by rupee tailwinds and revenue growth. Investor interest: growth trajectory for the US, Europe and BFSI; large deal traction, operating margin outlook.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 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!
