News

– The ramp-up of the second phase of the BSNL contract

– Benefit due to INR depreciation

– Guidance for International business growth for FY27

– Disruptions from ongoing conflict in the Middle East across verticals.

– Progress on AI

– TCS trades at 15.5X financial year 2028 estimated price-to-earnings

– Infosys trades at 16.5X financial year 2028 estimated price-to-earnings

– HCLTech at 17-17.5X financial year 2028 estimated price-to-earnings

A top priority for investors is the timeline for the ramp-up of the second phase of the BSNL contract. Jefferies explicitly notes they do not expect revenue contribution from this deal in the Q4 print.

Shares of TCS have seen a significant recovery from the lows of the day ahead of their results announcement and are now at the highs of the day.

– Margins may expand by 20 basis points from the December quarter

– Margins will see a currency benefit by 60 – 70 basis points along with improved operating leverage

– Higher variable allowances, senior-level promotions, tactical investments will be some headwinds

– EBIT margin seen expanding by 20 basis points from the previous quarter

– Net profit seen 29% higher on a sequential basis at ₹13,727.6 crore

– Profit in the third quarter was impacted by exceptional items of ₹3,391 crore

– US Dollar Revenue growth seen 1.5% quarter-on-quarter to $7,619.5 million

– Constant Currency Revenue Growth seen at 1%

– Brokerages have pegged the CC growth range to be between 0.6% to 1.4%

– Topline to be boosted by inorganic contribution of approximately 30–40 basis points from the Coastal Cloud and ListEngage acquisitions

#CNBC-TV18 Poll

TCS will be the first Nifty 50 company that would be reporting its Q4 results today.

Along with TCS, broader market names like Anand Rathi Wealth and GM Breweries will also be reporting their results today.

Good Morning!

Welcome to CNBC-TV18’s Live coverage of the fourth quarter results from Tata Group giant, Tata Consultancy Services (TCS).

Watch this space for all the Live updates.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.