Key Points
Its likely to be another dim show for IT services bellwether Tata Consultancy Services, as demand weakness intensified in the quarter ended December due to higher-than-expected furloughs..
Furloughs is a period when employees go on leave, and this typically occurs during the December quarter, particularly in the western countries...
For the December quarter, TCS is seen reporting a 0.7% sequential rise in consolidated revenue to Rs 60,119 crore, and a mere 1% rise in profit to Rs 11,446 crore, according to the average of estimates given by nine brokerages...
Despite a muted growth in the topline, TCS profitability is expected to be flat to marginally higher sequentially, due to better cost control and favourable currency movement...
We expect a 30 bps increase in the EBIT margin, despite weak revenues due to rupee depreciation and aggressive cost management, Kotak Equities said.. Key Monitorables..
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