TCS share buyback, Q2 results timing, dividend, buyback history, analyst views & more
TCS would announce its results post market hours of Wednesday and is scheduled for a press conference at 5.30 pm IST, where TCS' leadership team will interact with media. Later in the day, TCS will host an earnings call at 7 pm.


- Oct 9, 2023,
- Updated Oct 11, 2023 9:52 AM IST
Tata Consultancy Services Ltd (TCS) is scheduled to announce its September quarter results on Wednesday. The board of India’s largest software exporter would consider a second interim dividend, in addition to a share buyback proposal which, if approved, would be its fifth in history after 2017, 2018, 2021 and 2022. Analysts said all eyes would be commentary on deal wins including BSNL, the demand scenario and margin, the buyback value and the reason behind ending work-from-home from October 1.
Shares of TCS has risen 11.78 per cent in 2023 so far, underperforming the BSE IT by 157 basis points during the same period. It though fared better than a 3 per cent drop in Infosys.
HDFC Institutional Equities expects TCS to report 10.5 per cent YoY rise in profit at Rs 11,530 crore on 9.5 per cent YoY rise in sales at Rs 60,565 crore. Dollar sales are seen at $7.33 billion, up 1.5 per cent sequentially. Ebit margin is seen expanding 94 basis points QoQ (up 9 basis points YoY) to 24.1 per cent.
Emkay Global said the technology exporter may log 9.4 per cent jump in profit at Rs 11,415 crore and sees sales rising 9 per cent YoY to Rs 60,283.60 crore.
Motilal Oswal Securities projects TCS' bottom line growing 10.9 per cent YoY to Rs 11,610 crore on 9.2 per cent YoY jump in sales at Rs 60,400 crore. It sees Ebit margin at 24 per cent. TCS looks to benefit from long-term secular demand on IT services, Motilal Oswal Securities said.
Even in the near-term, the brokerage said TCS may win disproportionately through the current nature of spends.
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Tata Consultancy Services Ltd (TCS) is scheduled to announce its September quarter results on Wednesday. The board of India’s largest software exporter would consider a second interim dividend, in addition to a share buyback proposal which, if approved, would be its fifth in history after 2017, 2018, 2021 and 2022. Analysts said all eyes would be commentary on deal wins including BSNL, the demand scenario and margin, the buyback value and the reason behind ending work-from-home from October 1.
Shares of TCS has risen 11.78 per cent in 2023 so far, underperforming the BSE IT by 157 basis points during the same period. It though fared better than a 3 per cent drop in Infosys.
HDFC Institutional Equities expects TCS to report 10.5 per cent YoY rise in profit at Rs 11,530 crore on 9.5 per cent YoY rise in sales at Rs 60,565 crore. Dollar sales are seen at $7.33 billion, up 1.5 per cent sequentially. Ebit margin is seen expanding 94 basis points QoQ (up 9 basis points YoY) to 24.1 per cent.
Emkay Global said the technology exporter may log 9.4 per cent jump in profit at Rs 11,415 crore and sees sales rising 9 per cent YoY to Rs 60,283.60 crore.
Motilal Oswal Securities projects TCS' bottom line growing 10.9 per cent YoY to Rs 11,610 crore on 9.2 per cent YoY jump in sales at Rs 60,400 crore. It sees Ebit margin at 24 per cent. TCS looks to benefit from long-term secular demand on IT services, Motilal Oswal Securities said.
Even in the near-term, the brokerage said TCS may win disproportionately through the current nature of spends.
Also read: Hot stocks on October 9, 2023: Adani Power, Suzlon Energy, Vakrangee, MCX, Tata Power and more
Also read: Up 95% in six months, Sigachi Industries shares trade ex-split; board allots equity shares