Q2 Results, October 9: TCS, Tata Elxsi, and GM Breweries among nine companies to report numbers today

Besides, other companies that are slated to announce their earnings today include Evoq Remedies, Eimco Elecon (India), Aris International, Ashiana Ispat, Avasara Finance, and Triton Corp, as per the BSE list.

TCS, along with other IT services firms, is expected to report subdued numbers for the quarter gone by. Geopolitical tensions, supply chain challenges, and industry-specific factors (such as caution in the BFSI and automotive verticals) continue to cause project deferrals or reduce discretionary spending.

In July 2025, credit rating agency ICRA reaffirmed a stable outlook for the Indian IT services industry, forecasting a year-on-year (YoY) revenue growth of 2-3% in US dollar terms for the fiscal year 2025-26.

ICRA's analysis, based on a sample of 15 leading IT companies representing approximately 60% of the industry's revenue, indicates that the sector will experience modest revenue growth of 2-3% in FY2026, slightly lower than the 2.9% growth recorded in FY25.

The subdued earnings momentum is largely attributed to uncertainties stemming from the US tariff imposition, which is expected to weigh on IT budget allocations in key markets.

For TCS, management commentary on the business environment, given the multiple announcements made by the US in the recent past, such as changes in H-1B visa rules and the HIRE Act, among others, will be keenly watched. Deal wins, attrition rate, and hiring trends and plans will also be on investors' radar.

Meanwhile, TCS has cancelled its post-earnings press conference for Q2, which was originally scheduled for October 9, as the date coincides with Ratan Tata’s death anniversary, according to a report by Business Line.

TCS share price

Shares of the company have rallied in the past few sessions. On Wednesday, the stock gained around 2%, while in the past five sessions, the scrip has advanced around 5%.