Tata Consultancy Services (TCS) is all set to kick start Q2FY23 earnings season on Monday (October 10).
Consolidated profit after tax (PAT) for TCS may jump 5.4 percent on a yearly basis to Rs 10,151 crore in the second quarter of FY23 (July-September) while consolidated revenue is expected to increase 17.2 percent to Rs 54,949 crore
Bearing the brunt of FII selling in the first half of the year, TCS has declined 20 percent in 2022 so far. It hit a 52-week low of Rs 2926 on September 26th. Ahead of earnings, the stock is trading in the red.