TCS Q3 net profit seen up at Rs 1641.2 cr

TCS Q3 net profit seen up at Rs 1641.2 cr

Tata Consultancy Services (TCS) is set to announce its third quarter results of FY10. According to CNBC-TV18 estimates, its net profit is expected to go up 1% at Rs 1,641.2 crore versus Rs 1,623.9 crore, on quarter-on-quarter basis (QoQ).

Revenues are seen going up 0.4% to Rs 7,463.9 crore versus Rs 7,435.1 crore and EBIDTA (earning before interest, depreciation, tax and amortisation) is seen at Rs 2,092.2 crore versus Rs 2,134.2 crore.

Margins are seen declining to 28% from 28.7%

Q3 Factors

Expect 3.6% QoQ growth in $ revenues; to get 30-50 bps kickup from cross currency benefit

Decline in margins by 70 bps due to rupee appreciation and moderate decline in utilisation

Forex losses modeled approx Rs 50 crore versus Rs 113 crore QoQ due to sharper rupee appreciation

src-moneycontrol