Time period given by analyst is one year when Tata Consultancy Services Ltd. price can reach defined target.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1417957.36 Crore) operating in IT Software sector.
Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 46132.00 Crore, up 3.35 % from last quarter Total Income of Rs 44636.00 Crore and up 18.53 % from last year same quarter Total Income of Rs 38920.00 Crore. Company reported net profit after tax of Rs 9031.00 Crore in latest quarter.
Investment Rationale
is expected to continue its strong revenue traction for the quarter but margins are expected to be impacted due to lower utilisation and higher subcontracting costs. It is expected to register 3.5% QoQ growth in constant currency led by improvement in demand from BFSI, healthcare and retail, acceleration in digital technologies and ramp up of deals and also recovery from India market, which declined 14% QoQ in Q1. Further, cross currency headwind is expected to lead to revenue growth of 3.0% QoQ in dollar terms. In rupee terms, revenue is expected to increase 3.1% QoQ. EBIT margins are expected decline 30 bps QoQ to 25.2% led by higher subcontracting costs and lower utilisation. PAT is expected to improve by 1.4% QoQ mainly led by higher other income. Investor Interest : Outlook on sustainability of double digit revenues, trends in digital, margin outlook, talent management, offshoring trends, deal pipeline and other long term trends
Promoter/FII Holdings
Promoters held 58.4 per cent stake in the company as of June 30, 2021, while FIIs held 1 per cent, DIIs 0 per cent and public and others 40 per cent.
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