Indian IT giant Tata Consultancy Services (TCS) is set to report its Q2 results on Thursday, with brokerages projecting net profit growth of 3.7%-9.6% YoY, placing the bottom line between ₹12,346–13,058 crore. Revenue is expected in the range of ₹64,200–65,700 crore, reflecting a 0.7%-2.2% YoY increase.
Estimates come from Nomura, Nuvama Institutional Equities, Motilal Oswal, Axis Securities, and HDFC Securities. Among them, HDFC Securities has the most conservative PAT forecast, while Nuvama is the most optimistic. On revenue, Nuvama expects lower numbers, whereas Axis projects the highest topline.