Archive · 8 Oct 2026
TCS Q2 Results: Five Numbers Investors Will Watch
Tata Consultancy Services was due to report its results for the three months ending in September.
The article says investors would look for clues about whether demand for its services is improving.
They would also watch how much money the company brought in and how much profit it made.
One brokerage expected revenue to grow slightly from the previous quarter.
Another forecast suggested the company’s operating margin could improve a little.
Analysts gave different estimates for the value of new contracts.
Investors were also expected to listen for updates about the company’s AI-related services.
The figures in the article are forecasts, not the reported results.
Tata Consultancy Services was scheduled to announce its September-quarter results on Wednesday, October 8.
JM Financial forecast 0.5% quarter-on-quarter constant-currency revenue growth and rupee revenue of ₹73,110.2 crore.
JM Financial expected EBIT margin to rise 10 basis points sequentially to 24.1%.
Brokerages estimated total contract value at $8–10 billion or $9–10 billion, with one estimate excluding the €1.25 billion Porsche contract.
Kotak forecast adjusted net profit of ₹13,685.9 crore, while analysts also expected updates on AI services revenue.
- Who
- Tata Consultancy Services and investors following its results.
- What
- The company was set to announce its September-quarter results, with attention on revenue, margins, contracts, profit and AI.
- When
- Wednesday, October 8; the article does not specify the year in the announcement date.
- Where
- India; the article identifies TCS as India’s largest IT services company.
- Why
- Investors were seeking indications of demand recovery, margin stability and the effects of AI on the business.
- Results announcement
- Scheduled for Wednesday, October 8.
- Constant-currency revenue forecast
- JM Financial expected 0.5% quarter-on-quarter growth.
- Revenue forecast
- JM Financial estimated ₹73,110.2 crore, up 1.2% quarter-on-quarter.
- EBIT margin forecast
- JM Financial expected 24.1%, an increase of 10 basis points quarter-on-quarter.
- Total contract value estimates
- HDFC Securities expected $8–10 billion; Systematix expected $9–10 billion excluding the €1.25 billion Porsche contract.
- Adjusted net profit forecast
- Kotak Institutional Equities estimated ₹13,685.9 crore.
- AI services
- Motilal Oswal expected annualised AI services revenue to continue growing after a 13.6% quarter-on-quarter increase in Q1.