Sharekhan's research report on Tata Consultancy Services
Reported revenue stood at $7,421 million, down 0.6% q-o-q/ 1.1% y-o-y, missing our estimate of $7,587 million. EBIT margin improved ~30 bps q-o-q to 24.5%, beating our estimate of 24.3%. Order book TCV was strong at $9.4 billion, up 13.3% y-o-y with Book to bill at 1.3x. FY26 international revenue expected to be better than FY25 based on the order book, customer conversations and demand for multiple service lines.
Outlook
We maintain a Buy rating with a revised PT of Rs. 3,900 (25xFY27E EPS). At CMP, the stock trades at 23.6/21.7x FY25/26/27E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
