TCS shares had hit an all-time high earlier this quarter on the back of strong Q1 earnings. However, shares in the company have been flat over the last month after the company warned analysts in September that margins and volumes may grow at a slower pace than the June quarter.
TCS shares have been flat over the last month, but they are still up 6 per cent in the quarter since July 20, 2012.
A brokers' poll conducted by NDTV estimates TCS to report 4.7 per cent quarter-on-quarter rise in sales at Rs 15,563 crore from Rs 14,869 crore in the June quarter. In the June quarter, TCS had delivered 5.3 per cent sequential growth. Net profit is seen rising 2.8 per cent sequentially at Rs 3,371 crore against Rs 3,280 crore.
Dollar revenue is seen rising 4 per cent at $2838 million against $2728 million in the June quarter. Volume growth is likely to grow slower at 4 per cent against 5.3 per cent in the previous quarter.
Ebitda margins, a key measure of profitability, are expected to decline on the back of deal-related costs. The company has increased on-site hiring in the second quarter, which may result in higher salaries. Analysts said higher growth in the APAC region, where margins are lower than average, may lead to overall dip in margins.
TCS is expected to post a forex loss of Rs 106 crore against Rs 82 crore in the June quarter. The rupee appreciated 5 per cent in the July to September quarter.