Nine companies, including TCS, Tata Elxsi, and IREDA, will be releasing their Q3 earnings today.

Tata Consultancy Services (TCS) is set to kick off the Q3 earnings season, with its results to be announced on January 11. The company is expected to report an 5.2-6.4% year-on-year revenue growth to Rs 63,710-64,500 crore, with estimates from four brokerages. The bottom line is expected to grow 8.1% in Q3 FY25, according to Motilal Oswal Financial Services (MOFSL), with Elara Capital expecting a 10% year-on-year growth. Nomura, JM Financial, and Kotak Institutional are also included in the estimates. The street will monitor TCS’ commentary on growth and deals, as well as trends in BFSI, and pricing environment. The company’s EBIT margin is expected to increase 110 basis points to 24.5%, with deal pipeline remaining healthy, particularly in BFSI. TCS had missed market estimates in Q2, citing margin dilutive projects in non-American regions. Revenues for Q2 also grew slower at 2.6%.