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TCS Earnings Soar: Analysts Bullish on Q2 Profits
10 Oct
Summary
- Brokerages project TCS Q2 net profit between ₹12,346-13,058 crore
- Revenue estimates range from ₹64,200-65,700 crore
- Analysts to track margins, BFSI growth, GenAI adoption, H1-B visa impact
Tata Consultancy Services (TCS), India's largest IT services company, is set to announce its Q2FY26 results later today, October 10, 2025. Brokerages have released a wide range of estimates for the quarter, projecting net profit growth between 3.7% and 9.6% year-on-year (YoY).
Profit after tax (PAT) is expected to fall in the range of ₹12,346 crore to ₹13,058 crore, while revenue estimates span from ₹64,200 crore to ₹65,700 crore, reflecting a YoY increase of 0.7% to 2.2%. Nuvama Institutional Equities appears most optimistic, pegging TCS's PAT at ₹13,058 crore, up 9.6% YoY and 2.3% quarter-on-quarter (QoQ).
Analysts will be closely tracking key monitorables, including margins, BFSI vertical growth, adoption of generative AI (GenAI), the impact of H1-B visa fee hikes, and the company's deal momentum. The broader industry environment has been marked by macroeconomic headwinds and pricing pressure, with clients remaining cautious on large or discretionary tech spending.
