Q3 preview: TCS likely to report single-digit growth in revenue, net profit

Large Cap IT major TCS is expected to report single-digit growth in revenue and profit for the December quarter (Q3FY24) as compared to last year due to higher furloughs and moderate deal wins, said analysts.

Lower discretionary spending by clients and continued weakness in the BFSI and hi-tech segments will keep earnings performance subdued, they say.

As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher.