TCS Q3 Results Preview: PAT growth seen declining to 5.2% YoY on higher furloughs, says Elara

IT bellwether Tata Consultancy Services (TCS) is expected to report a consolidated profit after tax (PAT) of Rs 11,451 crore for the December 31, 2023 quarter. This will likely be up by 5.2% versus Rs 10,883 crore reported by the company in the year-ago period, according to estimates by Elara Capital.

PAT growth will likely be lower this time as against a 10.98% YoY increase the company reported during the December quarter last fiscal.