TCS Q2 preview: India's largest IT services company Tata Consultancy Services (TCS) is all set to announce its financial results for the quarter ending on 30 September, 2026, today, 8 October. The Tata Group company is likely to announce the earnings after the market hours.
Market analysts expect the IT bellwether to post another subdued quarter, although they anticipate performance in the September quarter to improve compared with the previous quarter (April-June quarter).
It is to be noted that September was impacted by the effects of rate hikes and weakness in the Middle East, particularly across the manufacturing and retail sectors.
Brokerage firm Kotak Institutional Equities forecasted forecast modest 0.5% revenue growth, driven by the international business and do not factor in any revenue contribution from the new BSNL contract.
The firm further anticipates a 100 bps year-on-year (YoY) margin decline yoy and stable quarter-to-quarter (QoQ) margins. The YoY decline reflects wage revisions, the impact of acquisitions, and ongoing pricing pressure. EBIT margins typically expand in the quarter following annual wage hikes, supporting sequential stability.