TCS Q1 Results Preview: Analysts Expect Net Profit of Rs 12,251 Crore
TCS is expected to report a net profit of Rs 12,251.00 crore and revenue of Rs 64,628.00 crore for Q1 FY2024. Analysts anticipate modest growth despite global IT industry headwinds. Tata Elxsi is also set to announce Q1 results, with expected net profit of Rs 170.00 crore and revenue of Rs 914.00 crore. IREDA will report Q1 results on July 10.

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Tata Consultancy Services (TCS), India's largest IT services company, is set to report its first-quarter results for the fiscal year 2024. Analysts are closely watching the performance of the tech giant amid global economic uncertainties.
Q1 Expectations
According to market estimates, TCS is expected to report:
Metric | Expected Value |
---|---|
Net Profit | Rs 12,251.00 crore |
Revenue | Rs 64,628.00 crore |
Analysts anticipate modest growth for TCS in the first quarter. The company's performance is likely to be scrutinized as a bellwether for the Indian IT sector, given its significant market presence and diverse client base.
Industry Context
The results come at a time when the global IT industry is facing headwinds due to macroeconomic challenges and cautious spending by clients in certain sectors. Despite these challenges, TCS has historically demonstrated resilience and adaptability in navigating market fluctuations.
Other Tech Earnings
In related news, Tata Elxsi , another player in the technology space, is also slated to announce its Q1 results. The company's estimates show:
Metric | Expected Value |
---|---|
Net Profit | Rs 170.00 crore |
Revenue | Rs 914.00 crore |
Analysts predict weakness across segments for Tata Elxsi, indicating potential challenges in the broader tech ecosystem.
Additional Result Announcements
Indian Renewable Energy Development Agency (IREDA) is also scheduled to report its Q1 results on July 10, adding to the roster of companies releasing their financial performance this week.
As the earnings season kicks off, investors and market watchers will be keenly analyzing these results for insights into the health of India's technology and renewable energy sectors. The performance of these companies could provide valuable indicators of broader economic trends and sector-specific dynamics in the coming quarters.
Historical Stock Returns for Tata Elxsi
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.49% | -1.50% | -8.70% | +2.02% | -14.01% | +559.34% |