Stock downgraded by Jefferies ahead of earnings

TCS Q4 Results Live Updates: Tata Consultancy Services Ltd. (TCS), the Tata Group giant, is all set to report its fourth quarter results in a few minutes from now. A CNBC-TV18 poll expects the company’s revenue in US Dollar terms to decline on a quarter-on-quarter basis, while rupee revenue may see a modest increase. Its earnings before interest and tax may also rise marginally, while margins are likely to expand by 30 basis points courtesy of the rupee depreciation, according to a CNBC-TV18 poll. TCS Q4 Results Live Updates: Tata Consultancy Services Ltd. (TCS), the Tata Group giant, is all set to report its fourth quarter results in a few minutes from now. A CNBC-TV18 poll expects the company’s revenue in US Dollar terms to decline on a quarter-on-quarter basis, while rupee revenue may see a modest increase. Its earnings before interest and tax may also rise marginally, while margins are likely to expand by 30 basis points courtesy of the rupee depreciation, according to a CNBC-TV18 poll. In constant currency terms, growth is likely to be flat, while ex-BSNL, the growth is likely to be close to 1%. For the full financial year, the revenue growth in US Dollar terms is likely to be between 3.8% and 4%. TCS was downgraded to “hold” by Jefferies just a day before its results, with a significant cut to its price target as well. The management’s commentary on the situation on ground, particularly in the US, and its outlook for FY26 will be keenly watched by the street. Watch this space for all the Live updated.

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