Tata Consultancy Services Ltd., Tata Elxsi Ltd., and Indian Renewable Energy Development Agency Ltd. are among the top names that will kick-start the earnings season for the third quarter on Jan. 9.
The tech giant is likely to clock a net profit of Rs 12,540 crore and revenue of Rs 64,754 crore for the quarter ending in December, according to a survey of analysts' estimates done by Bloomberg.
Tata Elxsi will also be reporting its results for the quarter on Thursday. The company is likely to report a net profit of Rs 216 crore and revenue of Rs 987 crore for the third quarter, according to estimates.
Here are the earnings estimates of major companies that are scheduled to announce their results on Thursday:
TCS Q3 Earnings Estimates (Quarter-on-Quarter)
Revenue may rise 0.8% to Rs 64,754 crore versus Rs 64,259 crore.
Ebit may rise 3.3% to Rs 15,986 crore versus Rs 15,469 crore.
Ebit margin expected at 24.7% versus 24.1%.
Net profit may rise 5.3% to Rs 12,540 crore versus Rs 11,909 crore.
The company is expected to see improvement in its margins due to the absence of a wage hike. While profit is expected to rise sequentially, revenue may remain flattish, with furloughs weighing in and contribution from the BSNL deal reducing.
In the second quarter of fiscal 2025, its profit fell, missing estimates, even as its revenue rose during the period.
Profit of the IT major was down 1.1% at Rs 11,909 crore in the July-September period. This compares to a Bloomberg estimate of Rs 12,543 crore.
The company's revenue rose 2.6% to Rs 64,259 crore, compared to the Bloomberg estimate of Rs 64,186 crore.
Following its second quarter results, brokerages agreed that TCS remains well-positioned for long-term growth, with expectations of a stronger rebound from the fourth quarter of fiscal 2025 onwards.
GTPH Hathway Ltd., Mishka Exim Ltd., Padam Cotton Yarns Ltd., Teamo Productions HQ Ltd., Vivo Bio Tech Ltd., and Yash Highvoltage Ltd. will also announce their results on Thursday.
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