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TCS Q2 results expected to show 4.5% YoY growth in net profit, with flat margins sequentially.
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Deal wins and wage hikes to impact revenue and costs; small deals may remain weak.
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Interim dividend for FY26 likely, record date proposed for October 15.
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Analysts watch US macro environment, client discretionary spending, and BSNL project ramp-down.
TCS Q2 Results Preview: Net Profit and Revenue Estimates
TCS Q2 results for the September 2025 quarter are scheduled for announcement on Thursday, October 9. Analysts expect net profit of ₹12,441.70 crore, a 4.5% increase from ₹11,909 crore in the same quarter last year. Revenue is projected to rise 1.4% YoY to ₹65,174 crore from ₹64,259 crore.
This quarter, TCS Q2 results are important as they reflect the impact of completed and paused deals from Q1, and provide insights into how wage hikes and client discretionary spending affect the IT major. Investors are also watching for updates on interim dividend proposals for FY26, with a potential record date of October 15, 2025.
TCS Q2 Results Impacted by Deal Wins and Tariff Costs
Analysts say TCS Q2 results will be shaped by deal closures that were delayed in Q1, with total contract value skewed toward large deals. Small deals and discretionary spending may remain weak, particularly in the BFSI vertical.
Nirmal Bang expects TCV to remain above the guided $7–9 billion range despite some delays in client decisions. Investors following IT stock strategy are keen to understand how these deal wins will influence growth and long-term contracts.
TCS Q2 Results and Wage Hike Effects
TCS Q2 results will reflect the one-month impact of wage hikes implemented in the quarter. Analysts expect margins to remain largely flat sequentially. EBIT margins may remain stable as lower contribution from the margin-dilutive BSNL project offsets salary increases.
Nomura projects that revenue could decline 0.5% QoQ in constant currency terms due to the BSNL project ramp-down. Despite this, developed market business is expected to see modest quarter-on-quarter growth, which is an important consideration in IT stock strategy for investors.
TCS Q2 Results: Analyst Revenue and Profit Estimates
Foreign brokerage Nomura expects TCS Q2 results to show revenue of ₹65,174 crore and net profit of ₹12,441.70 crore. Nuvama projects revenue of ₹64,738 crore with net profit of ₹13,058 crore, reflecting a 2.3% YoY rise. EBIT margin is expected around 24.7%.
Analysts will also monitor US macro volatility, tariff uncertainties, and employee restructuring updates, all of which can influence IT stock strategy and investor sentiment.
TCS Q2 Results and Dividend Announcement
Alongside TCS Q2 results, the board led by K Krithivasan may declare a second interim dividend for FY26. If approved, the record date for determining eligible shareholders is proposed as Wednesday, October 15.
Dividend announcements often provide additional returns for investors and can influence short-term trading strategies. Understanding these factors is a key component of IT stock strategy.
TCS Q2 Results: Market and Investment Outlook
Investors following TCS Q2 results are advised to focus on client discretionary spending trends, deal wins, and the wage hike’s impact on margins. Analysts suggest that while large deals continue to drive growth, small projects may show weakness in discretionary spending.
For long-term investors, maintaining a disciplined IT stock strategy by tracking quarterly updates, margins, and macro conditions in the US and other key markets is essential. Revenue growth, profit margins, and dividends will all play a role in deciding future allocations in TCS shares.
TCS Q2 Results: Key Takeaways
In summary, TCS Q2 results are expected to show moderate net profit growth of 4.5% YoY and flat sequential margins. Large deal closures, one-month wage hikes, and the BSNL project ramp-down will shape results. Dividend announcements could provide additional returns, while analysts recommend monitoring US macro trends and discretionary client spending for guidance on IT stock strategy.
Investors should watch for the record date of October 15 for dividend eligibility and use insights from quarterly results to guide medium- to long-term investment decisions in TCS shares.
