TCS Q1 Preview: Margin pressure to weigh ; net profit may rise 6-9%

Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25), as compared to the same quarter in the year ago period due to a recovery in the flow business and willingness of clients to resume discretionary spending, however, wage hikes will negatively impact its margins, brokerages said.

The company is scheduled to release its Q1 results on Thursday, July 11, 2024. According to brokerage estimates, TCS is likely to report a net profit in the range of Rs 11,771crore to Rs 12,140 crore for the June quarter, up 6-9 per cent year on year (Y-o-Y) against Q1FY24 where it reported Rs 11,074 crore. Sequentially, this could be a dip of 3-5 per cent.