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.