TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY

TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent to around Rs 11,046 cr

IT major Tata Consultancy Services (TCS) will kick start the Sept-Dec quarter (Q3) earnings on Monday, January 9. 

The company’s revenue is expected to moderate in the seasonally weak quarter due to impact of higher furloughs and weakening in BFSI, hi-tech and manufacturing segments, analysts say. 

However, the company’s profit margins will likely improve over the previous quarter aided by a weak rupee, lower attrition, ease in supply-side pressures and operational efficiency. 

As per five brokerage estimates, TCS may post up to 18 per cent year-on-year (YoY) revenue growth to an average of Rs 57,446 crore. 

The bottom line could rise 10-16 per cent