Mumbai-headquartered Tata Consultancy Services (TCS)—the country's largest IT firm—is set to kick off a new earnings season for India Inc as it reports its financial results for the July-September period (Q2 of FY25) on Thursday, October 10. Analysts expect the IT bellwether to stage a steady financial performance with around two per cent revenue growth compared with the previous three months. 

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According to Zee Business research, TCS is likely to register revenue of Rs 63,920 crore or $7,630 million for the July-September period, which translates to sequential growth of 2.1 per cent or 1.7 per cent. In constant currency terms, they peg revenue growth at 1 per cent over the June quarter. 

The analysts estimate the IT giant's consolidated net profit at Rs 12,475 crore for the September quarter, marking an increase of 3.6 per cent compared with the previous three months.

Tata Consultancy Services' September-quarter earnings before interest and taxes (EBIT), a measure of operating performance, is estimated to grow 2.3 per cent to Rs 15,800 crore on a quarter-on-quarter basis, according to Zee Business research. 

Zee Business analysts peg the IT firm's quarterly margin at 24.7 per cent for the fiscal second quarter, the same level as the previous three months.

TCS Q2 FY25 Results: Key things to monitor

Additionally, there are three main things to watch out for in the IT firm's upcoming earnings report: 

  • Banking, financial services, and insurance (BFSI) segment numbers 
  • Deal wins
  • Demand outlook

TCS Q1 FY25 Results Summary 

In July, the Tata group IT major reported a consolidated net profit of Rs 12,040 crore and revenue of Rs 62,613 crore for the June quarter.

Zee Business analysts had pegged the company's net profit at Rs 12,050 crore and revenue at Rs 62,280 crore. 

Historical performance of TCS shares 

As of October 9, TCS shares have risen 17 per cent in the past year, underperforming rallies of 28 per cent and almost 32 per cent in the Nifty50 and Nifty IT indices. 

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