Tata Consultancy Services (TCS) is expected to report 1.1% sequential growth. The company’s rupee denominated revenue is expected to increase at a faster rate of 3.2% sequentially to Rs 57,099.4 crore aided by a 2.9% sequential depreciation in the currency against the dollar considering the quarterly average rates. Net profit is likely to grow by 5.2% to Rs 10,973.2 crore.
Cupid shares fall 2% even as Q1 profit jumps 3x. What’s ahead for multibagger stock that rose 680% in a year?
Cupid shares fell on Monday despite a threefold rise in Q1 FY27 profit to Rs 44 crore, as revenue surged 159% and EBITDA jumped 265%.