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You are at:Home»Business»TCS Q1 Results FY2023: No fireworks expected amid margin pressure; street’s eyes to remain on deals
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TCS Q1 Results FY2023: No fireworks expected amid margin pressure; street’s eyes to remain on deals

By July 7, 2022No Comments2 Mins Read
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Tata Consultancy Services (TCS) – India’s largest IT firm will announce its June quarter results on Friday, 8 July.  The company is expected to report a 1.3 per cent decline in its year-on-year (YoY) margins from 25 per cent to 23.7 per cent. Zee Business’s Senior Research Analyst Varun Dubey brings this report. 

Dubey said that the company will likely report mixed results and we may not see big growth numbers. 

The operating profit is estimated at Rs 12628 cr for the 30 June ended quarter versus Rs 12522 cr in Q1FY22. The operating profit margin is estimated at 23.7 per cent, which will be a drop by 1.3 per cent YoY.    

Margins will be under pressure as the largest Indian IT company by market capitalistaion has been spending significantly on salaries. The travelling expenses for the company has also increased due to the opening of the economies, Dubey pointed. 

The overall revenue is expected to go up by 4.6 per cent for the reporting quarter to reach Rs 52,915 crore as against Rs 50591 cr reported by the IT bellwether during the corresponding quarter in the year-ago period. 

Meanwhile, the net profit is estimated at Rs 9950 crore rupees versus Rs 9926 cr TCS reported in Q1 of FY22. It will be a mere 0.2 per cent increase YoY, Dubey further said. 

All verticals are likely to witness growth, albeit not too significant, he added.  

The street will also have an eye on the deals clinched by the company during the April-June quarter.

TCS shares today ended at Rs 3294, up 1 per cent from the Wednesday closing price. 



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