What to expect from TCS Q1FY21 results? | ET NOW Reports | EXCLUSIVE
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Earnings season for Q1 FY21 begins with Information technology (IT) behemoth TCS announcing its results today. April-June quarter (Q1) will see the full impact of lockdown /slowdown across various geographies for TCS, however, analysts believe the management commentary will be keenly watched out for by investors. ET NOW Poll suggests, TCS to see a decline in revenues due to full impact of COVID-19 lockdown. Expect constant currency revenue de-growth of 5.6% QoQ. EBIT margin to decline 70bps QoQ. Net Profit is seen at Rs 7680 cr, down 4.6% QoQ. Management commentary will be keenly watched out for by investors especially in terms of scale and speed of recovery. Analysts expectations for majority IT players indicate a decline in revenue and margins for Q1. Infosys, TCS revenue decline to be lower than peers and they will outperform peers. While HCL Tech, Tech Mahindra will see the considerable impact on revenue and margins. Lack of negatives may be seen as a positive trigger for share price action according to few analysts on the street. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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