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Tata Consultancy Services (TCS) Ltd., the Tata Group giant, will kickstart the Nifty 50 earnings season for the March quarter on Thursday, April 10. The Tata Group firm is expected to report a flat constant currency revenue growth during the fourth quarter.
The growth is likely to be slower due to ramp down in BSNL project - offset by strong rebound in developed markets. In US Dollar terms, TCS' revenue will likely decline by 0.8% on a sequential basis, while its margin may expand by 30 basis points, aided by rupee depreciation.
For full year (FY25), TCS' dollar revenue growth is seen rising 3.8-4%. TCS' net profit and EBIT, both may see a low-single-digit growth quarter-on-quarter.
What to watch for in TCS Earnings: 1) Total Contract Value of deal wins 2) Deal pipeline conversion trend 3) Hiring and offshoring 4) Outlook on EBIT margin and its sustainability 5) Trends in Generative AI 6) Banking, US and Europe outlook 7) Trend in cost take out deals What the management said last quarter K Krithivasan, Chief Executive Officer and Managing Director, said: “We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth. BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future. Our continuing investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to capture the promising opportunities ahead.
” Samir Seksaria, Chief Financial Officer, said: “In a quarter that saw significant cross-currency volatility, TCS’s strong execution, cost management and deft currency risk management helped deliver healthy margin improvement and free cash flows. Disciplined investments in talent and infrastructure should lend good support to long-term business growth.” Milind Lakkad, Chief HR Officer, said: “We promoted over 25,000 associates this quarter which brought the total promotions this financial year to more than 110,000.
We continue to invest in employee upskilling and overall well-being. Our campus hiring for the year is going according to plan and preparations are afoot to onboard a higher number of campus hires next year”. Shares of Tata Consultancy Services Ltd .
are trading with gains of 2.22% on Tuesday at ₹ 3,346.80.
The stock is down nearly 20% so far in 2025..
