💻 TCS Shares Edge Higher Ahead of Q2 Results; Investors Eye Margins, Deal Pipeline & Dividend

Tata Consultancy Services (TCS) shares traded marginally higher on Thursday, gaining ahead of the company’s September quarter (Q2FY26) results announcement scheduled post-market hours. The stock was quoted at ₹3,027.10 per share on the NSE, down slightly during mid-session trade. As India’s largest IT services exporter, TCS will kick off the earnings season for the July–September quarter, with the board expected to declare a second interim dividend for FY2025–26. According to The Hindu Businessline, the company may skip its scheduled 5:30 pm press conference. Earnings Preview: Analysts anticipate muted demand amid macroeconomic headwinds and elevated visa costs, along with a limited impact from recent layoffs. Consensus estimates compiled by LSEG project 1.3% YoY revenue growth and 6% YoY profit growth. Operating margins are expected to remain flat at around 24.5%, or decline by 20 bps sequentially, due to wage hikes, higher restructuring costs, and lower utilisation. Brokerage views remain mixed: Centrum expects a marginal improvement in EBIT margin from cost optimisation, with focus on deal pipeline and demand commentary. Ambit Capital foresees weaker deal flow compared to the previous quarter, highlighting strength in the US BFSI segment but weakness in UK/EU and smaller verticals such as retail, telecom, and auto. Despite near-term uncertainties, TCS remains one of the five stocks rated “Buy” on the 10-member IT index, while others hold “Neutral” stances. As of Wednesday’s close, TCS shares have fallen 25% YTD, versus a 19% decline in the broader IT index. #TataConsultancyServices #EarningsSeason #IndianIT #StockMarketIndia #NSE #Infosys #TechSector #Dividends #BFSI #Investing