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TCS Q1 preview: BSNL deal likely to drag revenue growth

  • TCS is set to release its Q1 FY26 results with varying forecasts from different brokerages.
  • Kotak predicts a slight decline in revenue, with flat EBIT margins, steady deal wins, and a focus on reasons for growth struggles.
  • Nomura expects revenue to decrease with modest growth in developed markets and EBIT margin drop despite reinvestments.
  • Multiple brokerages anticipate revenue decline, margin challenges due to factors like BSNL deal, wage hikes, and client spend uncertainties.

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