TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts

The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.

IT major, Tata Consultancy Services (TCS), is scheduled to announce its December quarter (Q3FY22) results on Wednesday, January 12, 2022, along with considering a share buyback proposal. On an average, the Tata Group company’s net profit may rise 2.5 per cent sequentially, up to Rs 10,200 crore, backed by nearly 4 per cent QoQ jump in revenue.

During Q3FY21, the company had posted consolidated net profit of Rs 8,701 crore and revenue of Rs 42,015 crore. In the previous quarter of the current fiscal (Q2FY22), PAT stood at Rs 9,624 crore.