TCS Q1 review: Analysts eye revival; cheap valuation to aid stock rally

Shares of Tata Consultancy Services (TCS) zoomed 2.86 per cent at Rs 4,034.90 per share on the BSE in Friday’s early morning trade. This came after the IT services major reported a 8.7 per cent year-on-year (Y-o-Y) increase in its net profits to Rs 12,040 in the April-June quarter of fiscal year 2024-25 (Q1FY25). However, the profits dipped by 3.1 per cent sequentially.

Revenues soared 5.4 per cent Y-o-Y and 2.2 per cent sequentially to Rs 62,613 crore. The topline and the bottomline marginally defeated Bloomberg estimates which had estimated revenue to be at Rs 62,128 crore and profit at Rs 11,959 crore.