Tata Consultancy Services Ltd Share Price – NSE /  BSE

IT - Software, Large Cap

The key equity indices continued to trade sideways in afternoon trade, amid FII outflows and global uncertainty. The Nifty traded below the 23,550 mark after hitting the day's high of 23,596.60 in the early afternoon trade. Barring IT all the other sectoral indices on the NSE were traded in red.

At 13:25 IST, the barometer index, the S&P BSE Sensex, rose 58.55 points or 0.08% to 77,677.40. The Nifty 50 index fell 3.60 points or 0.02% to 23,522.90.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.44% and the S&P BSE Small-Cap index slipped 1.66%.

The market breadth was weak. On the BSE, 931 shares rose and 2,951 shares fell. A total of 114 shares were unchanged.

Gainers & Losers:

Tata Consultancy Services (up 5.91%), Tech Mahindra (up 3.94%), Wipro (up 3.51%), Infosys (up 2.76%) and HCL Technologies (up 2.46%) were the major Nifty gainers.

Tata Consultancy Services (TCS) rallied 5.91% after the company reported 3.95% increase in consolidated net profit to Rs 12,380 crore in Q3 FY25 as compared with Rs 11,909 crore in Q2 FY25. Revenue from operations fell 0.45% QoQ to Rs 63,973 crore during the quarter.

Shriram Finance (down 3.91%), IndusInds Bank (down 3.76%), Adani Enterprises (down 2.73%), Sun Pharmaecuticals (down 2.48%) and HIndalco Industries (down 2.35%) were the major Nifty losers.

Stocks in Spotlight:

Tata Elxsi tumbled 6.58% after the design led technology service provider reported 3.59% decline in net profit to Rs 199 crore on 2.72% increase in revenue from operations to Rs 939.17 crore in Q3 FY25 over Q3 FY24.

JSW Steel advanced 1.15% after the company announced its highest ever consolidated Crude Steel production for the Q3 FY25 was at 7.03 million tonnes, which is higher by 2% as compared with 6.87 million tonnes reported in Q3 FY24.

GTPL Hathway tumbled 9.48% after the company’s consolidated net profit slipped 57.03% to Rs 10.17 crore in Q3 FY25 as compared with Rs 23.67 crore in Q3 FY24. Revenue from operations increased 4.27% to Rs 887.27 crore in Q3 FY25 as compared with Rs 850.87 crore posted in the corresponding quarter last year.

Aditya Birla Fashion and Retail (ABFRL) shed 0.70%. The company informed that its board will meet on 15 January 2025 to consider the proposal for raising funds, subject to required approvals.

IRB Infrastructure Developers declined 3.13%. The company’s toll collection jumped 19% to Rs 580 crore in December 2024 as against Rs 488 crore posted in December 2023.

Senco Gold fell 5.27%. The company announced that its revenue grew 22% year on year (YoY) and retail growth was steady at 19% YoY in the quarter ended 31 December 2024.

Indian Renewable Energy Development Agency (IREDA) dropped 4.38%. The company’s standalone net profit jumped 27% to Rs 425 crore on 36% increase in revenue from operations to Rs 1,698 crore in Q3 FY25 over Q3 FY24.

The Phoenix Mills rose 1.45% after the company said that its total consumption stood at approximately Rs 3,998 crore in Q3 FY25, registering a growth of 21% year on year (YoY).

Indegene declined 0.93%. The company announced a strategic partnership with CliniOps, a leading provider of advanced digital clinical trial solutions to drive innovative digital transformation in clinical trial processes and achieve better patient outcomes.

Global Markets:

U.S. stock futures point to a weak open Friday, with the Dow Jones Industrial Average futures down 54 points. This follows persistent concerns over a slower pace of interest rate cuts in 2025, exacerbated by upcoming nonfarm payroll data that could provide further insights into the economy. The upcoming earnings season, kicking off next week with major bank reports, adds another layer of uncertainty.

European market traded mixed on Friday as investors as investors monitor economic data and ongoing turbulence in the U.K.’s debt markets.

Asian indices mostly declined on Friday, concluding a volatile first full trading week of 2025. Investor sentiment remains fragile amid concerns over slower U.S. rate cuts and the possibility of a rate hike by the Bank of Japan.

Japanese stocks extended their losing streak to three days as stronger-than-expected wages and private spending data increased expectations of a potential BOJ rate hike in January.

Weak inflation data from China, released earlier this week, further dampened sentiment, compounded by speculation regarding potential trade tariffs against the country.

Regional markets mirrored losses in global markets, as hawkish signals from the Federal Reserve this week reinforced expectations of slower monetary easing in 2025.

The U.S. market was closed Thursday to honor the passing of former President Jimmy Carter.

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Revenue from operations fell 0.45% QoQ to Rs 63,973 crore during the quarter.

On YoY basis, the company’s consolidated net profit jumped 11.96% while revenue increased 5.6% in the quarter ended 31st December 2024.

Constant currency grew 4.5% YoY in the Q3 FY25. Operating margin (excluding settlement of legal claim) stood at 24.5% during the quarter, down 50 bps YoY. Net margin was at 19.4% in Q3 FY25.

Profit before tax (PBT) stood at Rs 16,666 crore in Q3 FY25, up 3.95% QoQ and up 12.39% YoY

TCS' order book stood at $10.2 billion in the December quarter, compared to $8.6 billion in the preceding quarter.

The company said that growth led by Consumer Business Group (1.1%), Energy, Resources and Utilities (3.4%) and Regional Markets (40.9%). The growth markets continue to lead: India (70.2%), Middle East & Africa (15.0%), Latin America (7.0%), Asia Pacific (5.8%).

Total workforce stood at 607,354 as on 31 December 2024, IT services attrition rate stood at 13% for the last twelve weeks.

As on 31st December 2024, the company had applied for 8,549 patents, including 195 applied during the quarter and been granted 4,585 patents including 216 during the quarter

K Krithivasan, chief executive officer and managing director, said, “We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth. BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future. Our continuing investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to capture the promising opportunities ahead.”

Samir Seksaria, chief financial officer(CFO), said: “In a quarter that saw significant cross-currency volatility, TCS’s strong execution, cost management and deft currency risk management helped deliver healthy margin improvement and free cash flows. Disciplined investments in talent and infrastructure should lend good support to long-term business growth.”

Meanwhile, the company’s board has approved the acquisition of its wholly owned subsidiary, Tata Realty and Infrastructure (TRIL)’s entities, TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six.

Further, the company’s board has declared an interim dividend of Rs 10 each and a special dividend of Rs 66 per equity share of Rs 1 each.

The record date for the interim and special dividends is 17 January 2025, and the dividends will be paid on Monday, 3 February 2025, to eligible equity shareholders.

TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.

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Securities in F&O Ban:

Bandhan Bank, Hindustan Copper, Manapurram Finance and RBL Bank & L&T Finance shares were banned in F&O Trading on 9 January 2025.

Earnings Today:

CESC, PCBL, Just Dial, Valecha Engineering, Vivimed Labs, Brightcom Group, GNA Axles, Hathway Bhawani Cabletel, Shah Metacorp, and Yaari Digital will declare their quarterly earnings later today.

Stocks to Watch :

Tata Consultancy Services (TCS) reported 3.95% increase in consolidated net profit to Rs 12,380 crore in Q3 FY25 as compared with Rs 11,909 crore in Q2 FY25. Revenue from operations fell 0.45% QoQ to Rs 63,973 crore during the quarter.

Tata Elxsi reported 3.59% decline in net profit to Rs 199 crore on 2.72% increase in revenue from operations to Rs 939.17 crore in Q3 FY25 over Q3 FY24.

Indian Renewable Energy Development Agency (IREDA)’s standalone net profit jumped 26.8% to Rs 425.38 crore on 34.9% increase in operating income to Rs 30.93 crore in Q3 FY25 over Q3 FY24.

GTPL Hathway’s consolidated net profit declined 57.1% to Rs 10.17 crore despite of 4.3% increase in net sales to Rs 887.27 crore in Q3 FY25 over Q3 FY24.

Senco Gold achieved total revenue growth of 22% YoY in Q3 while retail growth was steady at 19% YoY in Q3 as well. The growth in Tier 3 and Tier 4 towns outpaced metro and Tier 2 city growth as observed in the economy in general and retail consumption in particular. Same store sales growth (SSSG) growth remains steady in 13%-14% range in Q3 also indicating sturdy performance by existing showrooms.

IRB Infrastructure Developers’ December toll collections jumped 31% YoY to Rs 345 crore as compared with Rs 264 crore recorded in same quarter last year.

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Net profit of Tata Consultancy Services rose 11.96% to Rs 12380.00 crore in the quarter ended December 2024 as against Rs 11058.00 crore during the previous quarter ended December 2023. Sales rose 5.60% to Rs 63973.00 crore in the quarter ended December 2024 as against Rs 60583.00 crore during the previous quarter ended December 2023.

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