Whalesbook
TCS Ne Diya Solid Performance
Tata Consultancy Services (TCS) ne fy26 ke Q4 mein ekdum zabardast performance dikhaya hai. Company ka net profit 12.2% year-on-year badh kar ₹13,718 crore tak pahunch gaya hai. Revenue bhi 9.6% badhkar ₹70,698 crore ho gaya. Is quarter mein sabse bada highlight tha operating margin, jo 108 basis points badh kar 25.27% ho gaya hai, jo ki pichhle 4 saal ka sabse tagda record hai. TCS ne quarter mein $12 billion ka Total Contract Value (TCV) bhi secure kiya hai, aur AI revenues $2.3 billion ko paar kar gaye hain. Yeh sab dikhata hai ki TCS kaise naye tech mein strategy se invest kar raha hai.
TCS ka P/E ratio 18.5x se 19.5x ke beech trade kar raha hai, jo ki Infosys (aas paas) ke barabar hai, par Wipro se zyada hai. Analysts ka TCS ke liye outlook positive hai, average price target ₹3,516.13 ke aas paas hai, jo company ke execution par bharosa dikhata hai.
Wipro Kar Raha Hai Share Buyback Par Vichar
Dusri taraf, Wipro ka board April 15-16 ko ek share buyback proposal ko consider karne wala hai. Yeh company ka June 2023 ke baad pehla buyback hoga, aur ye unki Q4 earnings ke saath hi announce hoga. Wipro ke paas filhaal ₹41,000 crore net cash hai. Pichli baar ₹12,000 crore ka buyback ₹445 per share par June 2023 mein hua tha.
Wipro ka stock is saal ab tak 20% se zyada gir chuka hai. Iska P/E ratio bhi TCS aur doosri badi IT firms ke comparison mein kam hai, jo market ke perception ko dikhata hai.
IT Sector Mein AI Ka Impact Aur Challenges
Yeh sab actions tab ho rahe hain jab poora Indian IT services sector AI disruption aur traditional IT services mein kami (deflationary trend) ko face kar raha hai. Nifty IT index is saal ab tak lagbhag 25% gir chuka hai.
Aage Kya?
Aage chal kar, TCS ko apne yeh zabardast margins maintain karne honge aur AI se aane wale revenue ko consistent, broad-based growth mein badalna hoga. Senior executives ke jaane ki khabrein bhi aa rahi hain, jo internal shifts ka ishara ho sakta hai.
Wipro ke liye, buyback ka decision, uska size aur pricing, management ka confidence dikhayega. Sector ko Generative AI mein bhi invest karne ki zaroorat hai, kyunki yeh traditional IT service revenue models ko poori tarah se badal sakta hai.
Overall, Indian IT sector ka long-term future toh strong hi hai, par abhi tech shifts aur kuch business segments mein moderation ko manage karna padega.