TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect

Analysts expect TCS EBIT margin to decline sequentially in Q1 due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).

TCS Q1FY23 preview: IT bellwether Tata Consultancy Services (TCS) will kick-start India's corporate season for the information technology sector on Friday, July 8. The IT behemoth is likely to report revenue growth in the range of 3.6 per cent to 4 per cent in constant currency terms (cc) for Q1-FY23 quarter-on-quarter (QoQ). The YoY growth, however, is pegged between 11 and 16 per cent for the recently concluded quarter.

Meanwhile, the company had reported a consolidated revenue of Rs 50,591 crore in the last quarter (Q4FY22).

For the period under review, analysts expect EBIT margin to decline sequentially due to