TCS Q2 preview: Analysts see up to 33 % PAT growth; deal wins eyed

Information technology (IT) major Tata Consultancy Services (TCS) is likely to kick-off the July-September quarter (Q2) earnings season this Friday on a firm note. Most brokerages are pencilling in double-digit growth in net profit and revenue, led by improvement in demand from BFSI, healthcare and retail, acceleration in digital technologies and ramp-up of deals along with recovery from the India market. Furthermore, persistent market share loss of key players such as Capgemini and Cognizant is also expected to directly benefit TCS.

The company is slated to post its numbers for the Q2 of the financial year 2021-22 on Friday, October 8, post market hours.

Global brokerage HSBC eyes a 32.8 per cent year-on-year (YoY) and 10.2 per cent quarter-on-quarter (QoQ) rise in the net profit at Rs 9,926.6 crore.