India's largest IT services exporter Tata Consultancy Services (TCS) will kick off the earnings season for the July–September quarter on October 9, with the board taking up a second interim dividend for the financial year 2025–26.
Led by CEO K Krithivasan, TCS will announce its second-quarter results after market hours, as per a company filing dated September 23.
The management will skip the customary press conference - initially scheduled for 5:30 pm - as the date coincides with the death anniversary of Ratan Tata, according to a Hindu Businessline news report, citing sources. However, the analyst call will be held as planned on October 9, the report added. Last year too, after Ratan Tata's demise, TCS had cancelled its September quarter press briefing after the earnings.
The second-quarter results come at a time when the IT industry is navigating multiple headwinds including job cuts, a sharp increase in H-1B visa cost and the proposed 25 percent outsourcing tax under the Trump administration.
US President Trump recently signed a proclamation raising the fee for new H-1B visas to $100,000 — a steep increase from the current $2,000–5,000 range, depending on employer size and other factors.
Brokerage estimates indicate that TCS’ operating margins for the quarter may remain flat at around 24.5 percent or decline by about 20 bps sequentially, reflecting wage revisions, higher investments, restructuring costs and lower utilisation.
TCS has said in earlier interactions that it has reduced its dependency on US H-1B visas to below 50 percent for North American operations, although it continues to account for a major share of approvals among top-tier Indian IT firms.
TCS shares snapped its previous day's losses to trade at Rs 3,022.70 per share on the NSE, up 1.65 percent at around 11:15 a.m.
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