After Infosys declaring its Q3 results last week, today IT IT heavyweight (Tata Consultancy Services) TCS will declare its third quarter results.

According to Bloomberg UTV, the company’s profit after tax (PAT) is expected to grow 19% quarter-on-quarter from Rs. 2439 Cr to Rs 2900 cr whereas the revenues of the company are expected to grow 13% quarter-on-quarter from Rs. 11633 Cr to Rs. 13150 Cr.

Dollar revenues of the company are estimated at $2.6 bn vs $ 2.52 bn, up 3%, QoQ. EBITDA margin is also seen up 200 bps at 31% vs 29.1%.

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Things to Watch Out for in TCS Q3 Results :

Expect hedging loss of Rs 200-250 cr vs Rs 91 cr, QoQ
Larger forex loss due to its large hedged book of $ 1.3 bn
TCS hedges 28% of FY12E revenues
Volume growth seen at 4%
Cross currency can impact dollar revenue growth by 200 bps
Management commentary on macro
Impact on demand/CY12F
IT budgets and recruitment plans