TCS Q3 results : TCS results have been sluggish in the third quarter. However, the commentary of the company’s management is hopeful. The management is confident that all segments will see good growth in the coming quarters. After the results, the company’s CFO Sameer Seksaria and CHRO Milind Lakkad had a special conversation with CNBC-Awaaz today. In this conversation, Sameer Seksaria said that there were fluctuations in cross currency in the third quarter. Cross currency has affected dollar income and CC (constant currency) income growth. The dollar strengthened significantly globally in the third quarter. The dollar has strengthened against all currencies.
He further said that growth is returning in BFSI and retail segments. There are signs of recovery in life sciences, manufacturing and telecommunication. Good signals in these three segments may lead to further improvement in results. Clients have been cautious on discretionary spending for the last 6 quarters. Good recovery is visible in BFSI and retail. Improvement in consumer sentiment will lead to growth in other segments.
Company’s CHRO Milind Lakkad said that 11000 new employees have been added in the last 2 quarters. There are many reasons for the increase in attrition rate. The company is moving towards the target of hiring 40000 freshers in the financial year 2025. More hiring is possible in fiscal year 2026 compared to fiscal year 2025.
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Brokerage on TCS
Brokerages are also bullish on TCS. CLSA Says that the third quarter has been sluggish in terms of growth and margins. There are many triggers for growth going forward. There is an improvement in demand commentary. The order book is booming. The AI space is important in terms of demand. There itselfJEFFERIES Says there are signs of revival in discretionary spending. Further margin improvement is possible on the back of revival in discretionary spending. NOMURA Says that the company’s results have been mixed. The picture for FY 2026 is not clear. There are signs of revival in discretionary spending in calendar year 2025. Margins may improve in FY 2026.
Jefferies calls BUY on TCS Giving a target of Rs 4760. There itself, BERNSTEIN With a target of Rs 4700 OUTPERFORM Rating is given. CLSA also the stock OUTPERFORM While giving rating, a target of Rs 4546 has been given. Whereas HSBC holds rating Giving this, a target of Rs 4540 has been set. There itself, NOMURA With a target of Rs 4020 NEUTRAL Has given a call.
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