Tata Consultancy Services Ltd.'s share price declined as the IT major reported a declined in its net profit for the January–March quarter of fiscal 2025, against expectation of an increase. The company's net profit fell 1.26% to Rs 12,224 crore compared to Rs 12,766 crore estimated by Bloomberg.
The IT major's revenue grew 0.79% to Rs 64,479 crore, compared to Rs 64,848.2 crore estimated by analysts. Its margin contracted 27 basis points to 24.19%, against 24.89% margin expected by a Bloomberg survey.
Following the disappointing results from Tata Consultancy Services, most brokerages cut EPS estimates and highlighted demand concern due to global macro uncertainty.
TCS Q4 Earnings Key Highlights
Revenue at Rs 64,479 crore versus Rs 63,973 crore, up 0.79%.
EBIT at Rs 15,601 crore versus Rs 15,657 crore, down 0.36%.
Margin at 24.19% versus 24.47%, down 27 bps.
Net profit at Rs 12,224 crore versus Rs 12,380 crore, down 1.26%.
Total contract value in the March quarter at $12.2 billion.
Total contract value for FY25 at $39.4 billion.
Last 12 months IT services attrition at 13.3%.
Final dividend of Rs 30 per share for the financial year ending March 2025.
TCS Share Price Today
Tata Consultancy Services share price declined 1.11% to Rs 3,210.06, the lowest level since April 7. It was trading 0.90% down at Rs 3,219.95 apiece as of 9:22 a.m., as compared to a 1.64% advance in the NSE Nifty 50.
Tata Consultancy Services was the only loser in the NSE Nifty IT in early trade.
The stock has declined 19.37% in 12 months, and 19.95% on year-to-date basis. Total traded volume so far in the day stood at 2.8 times its 30-day average. The relative strength index was at 24.18, which implied the stock was oversold.
Out of 48 analysts tracking the company, 34 maintain a 'buy' rating, 11 recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 24.1%.
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