TCS Q4 Earnings Preview: Muted Growth Expected

sultancy Services (TCS), a leading Indian IT services giant, is set to announce its Q4 FY25 earnings on April 10th. Market expectations point to a quarter of modest growth, influenced by typical seasonal headwinds. According to an average of four brokerage estimates polled by Moneycontrol, TCS is projected to report a 5% year-on-year increase in revenue, reaching approximately Rs 64,840 crore. Net profit is anticipated to rise by a more modest 1.4% to around Rs 12,554 crore. Analysts predict a sequential revenue decline in constant currency terms, partly attributed to reduced BSNL-related revenue. While the BFSI sector is expected to be a growth driver, other verticals like manufacturing, retail, and healthcare may show weaker performance. EBITDA is forecasted at Rs 17,154 crore. Margins are likely to see only slight improvement, with talent investments and employee-related costs partially offsetting gains from operational efficiencies and rupee depreciation.