TCS expected to report double-digit profit growth and highest revenue growth among peers in Q4 results announcement

Tata Consultancy Services (TCS) is set to announce its March quarter results on Wednesday, with analysts predicting double-digit growth in profit and the highest revenue growth among its peers on a sequential basis. TCS’ revenue growth in constant currency is expected to be around 0.9% QoQ, with revenue in rupee terms predicted to climb 17% YoY to Rs 59,200 crore. TCS is also expected to recommend a final dividend for FY23.

Other companies announcing their quarterly results today include Anand Rathi Wealth, National Standard (India) and Dharani Sugars & Chemicals. Varun Beverages and Visaka Industries will turn ex-dividend, while the board of Nestle India will consider dividend payments.

Varun Beverages had announced an interim dividend of Re 1 per share, while Visaka Industries had announced an interim dividend of Rs 7 per share for FY23. Nestle India has set April 21 as the record date for determining the entitlement of members to an interim dividend.

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