Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, witnessed a fall in share price on Thursday as the company is going to announce its first quarter earnings today.
Analysts at various broking firms expect TCS's quarterly revenues to be in the range of Rs 255 billion to 260 billion. Meanwhile, profit after tax (PAT) is expected to be in the range of Rs 53 billion to Rs 60 billion.
| Following table shows analyst estimates for TCS's first quarter results. |
| Broker Name | Revenues (Rs in bn) | Change (%) | PAT (Rs in bn) |
| Y-o-Y | Q-o-Q |
| Edelweiss | 260 | 17.7 | 7.5 | 53.47 |
| IndiaNivesh Securities | 255.41 | 15.5 | 5.5 | 53.07 |
| Motilal Oswal | 257.69 | 16.5 | 6.4 | 56.84 |
| Angel Broking | 257.84 | - | 6.5 | 59.5 |
For the fourth quarter, the company has reported a 7.70 percent rise in net profit (adjusted for special one-time bonus) for the quarter ended Mar. 31, 2015. The company has earned Rs. 57.73 billion, or Rs. 29.47 a share in the quarter, compared with Rs. 53.58 billion, or Rs. 27.27 a share for the same period last year. On sequential basis, net income rose 8.40 percent from Rs 53.28 million for the December quarter.
Fourth quarter revenue grew 12.40 percent to Rs. 242.20 billion from Rs. 215.51 billion in the previous year period. However, on sequential basis, revenue declined 1.10 percent from Rs 245.01 billion for the previous quarter.
Shares of the company are trading at Rs 2,549, down Rs 45.05, or 1.74% at the Bombay Stock Exchange (BSE) on Thursday at 10:21 a.m.
Total volume of shares traded on the bourses today was lower by 67.20% to 454,921 compared with 22-day average volume of 1,387,124.
