TCS Q3 Earning Highlights: TCS reports Q3 earning; profit rises 10.8% YoY – CNBCTV18

Thank you for joining our coverage of TCS Q3 Earning. We will now wrap the blog. Good night, folks!
Moshe Katri, managing director of Wedbush Securities, said, "The Q3FY23 numbers were expected to be strong because the budgets were already set. HCL Tech is probably more company specific given the fact that the company does have a lot of exposure to the high tech industry and that is where we're seeing some weakness given some of the furloughs."
Prakash Diwan, the market expert, said, "There is nothing very spectacularly great about the numbers, but it is kind of within the expectation band. The revenue beat is commendable because there was an expectation that there could be some stress given the HCL Tech’s furlough data. So that hasn’t really impacted TCS as much is very clearly evident."
"However my sense is that the street might not be very excited about going ahead with this kind of slip in the profit margins. Overall, what these numbers tell you is that things weren’t as bad for the quarter and if the commentary for the year ahead is good, then you could probably have a very good second half of calendar 2023 is my guess."
TCS Q3 Earning | TCS loses 2,197 employees and attrition remains above 21% in Q3
— Attrition rate at 21.3 percent vs 21.5 percent quarter-on-quarter.
— Orderbook at $7.8 billion vs $8.1 billion quarter-on-quarter.
(Read more)
TCS Q3 Earning | TCS reports December quarter numbers 
TCS announces total dividend of Rs 75/sh, special dividend of Rs 67/sh & interim dividend of Rs 8/sh.
TCS Q3 Earing | TCS reports December quarter earnings
Here's how the numbers fared vs the previous quarter:
53 bps
(Read more)
TCS Q3 Earning | TCS reports December quarter numbers
— Dollar revenue at $7,075 million vs CNBC-TV18 poll of $6,990 million.
— Dollar revenue growth at 2.9 percent vs CNBC-TV18 poll of 1.5 percent.
— Constant Currency revenue growth at 2.2 percent vs CNBC-TV18 poll of 1.4-1.5 percent.
— Rupee revenue up 1.3 percent at Rs 58,229 crore vs CNBC-TV18 poll of Rs 57,475 crore.
TCS Q3 Earing | TCS reports December quarter PAT at Rs 10,846 crore
— A CNBC-TV18 poll expected the net profit at Rs 11,137 crore.
Here's how the other numbers fared:
21 bps
(Read more)
TCS Earning | Stock ended 3% higher in Monday's session ahead of earning
TCS Earnings Preview | TCS to report December quarter numbers today 
Tata Consultancy Services (TCS) will kickstart the December quarter earnings season when it reports results later today. A CNBC-TV18 poll expects the company's revenue growth to moderate while EBIT margin may see an expansion compared to the September quarter. (Read more)
Market at Close | Sensex and Nifty snap 3-day gaining streak led by IT majors
— IT majors surge following a rally seen on Nasdaq, Nifty IT up three percent.
— Sensex gains 847 points to 60,747 and Nifty 242 points to 18,101.
— Nifty Bank rises 394 points to 42,583 and Midcap index 296 points to 31,717.
— RIL, Infosys and TCS are top Nifty contributors while Titan is a top drager.
— M&M surges four percent as company announces XUV400 EV and new Thar
— Positive brokerage leads to a three percent higher move in Bharti Airtel
— SBI Life rises while other insurance companies (HDFC Life, ICICI Pru) slip after December business data
— Voda Idea hits 52-week low as sources say lenders not in favour of fund infusion
— Midcap IT stocks (Persistent, Coforge, Birlasoft) are amongst top gainers
— Market breadth favours advances, advance-decline ratio at 3:2
Rupee Check | Rupee ends higher at 82.36 vs dollar
Stock Market Updates | In next three quarter have 1 msf of launches lined up with sales potential of Rs 2,000 crore: Nitin Bavisi
“In Q3FY23 we have achieved Rs 694 crore worth of sales and we have robust collections of Rs 430 crore. In Q3 we have launched one project which is at Juhu and has sales potential of about Rs 150 crore. As we move forward, in the next 3 quarters we have about 1 million square feet to launch with about Rs 2,000 crore of sales potential,” says Nitin Bavisi, CFO of Ajmera Realty Infra India.
Stock Market News | TCS could outperform Infosys after 12 quarters
CNBC-TV18 poll expects US dollar revenue growth of 1.65 percent quarter-on-quarter, while rupee revenue growth seen at 3.9 percent. EBIT margin likely to improve by 70 basis points to 24.74 percent from 24 percent last quarter. This time TCS’ year-on-year revenue growth is likely to be higher than Infosys for the first time in 12 quarters and that is an important milestone. (Read more)
FMCG Earnings Preview | Demand moderation, rural market pressure to be in focus
The FMCG sector witnessed some important trends during the December quarter. Many companies have already come out with their quarterly business updates and here's what one can expect from them once they declare their full results. (Read more)


Leave a Comment

Your email address will not be published.