TCS Q2 Results Preview: Higher H1-B visa fees, tariffs likely to impact quarterly earnings—Key expectations

TCS Q2 Quarterly Results FY26: Preview, Expectations: Tata Consultancy Services will announce its second-quarter results on Thursday, October 9. Analysts don't expect much growth this time because the company has been dealing with higher salary costs and spending more on new investments.

TCS is the Tata Group's main IT business. Its numbers will give us the first real look at how India's tech sector did during the September quarter, especially with global demand being pretty mixed right now.

TCS Q2 Quarterly Results FY26: Preview, Expectations

Add Zee Business as a Preferred Source

According to Zee Business Research, TCS will report revenue of Rs 65,246 crore. That's about 3 per cent more than last quarter's Rs 63,437 crore. But when you look at it in dollars, the growth is much smaller, just 0.5 per cent to $7.45 billion.

The company's operating profit can go up 3.1 per cent to Rs 15,991 crore. Operating margins will probably stay at 24.5 per cent. Net profit might actually drop a tiny bit, from Rs 12,760 crore to Rs 12,744 crore.

When you remove currency effects, growth is expected to be only around 0.2%. The main reasons for margin pressure? Employee wages went up, and the company keeps putting money into growing new parts of the business.

TCS Q2 Quarterly Result: Factors to watch

Everyone will be listening carefully to what TCS management says about the US market. That's still their biggest market, and things are uncertain there. Companies are holding back on tech spending, especially on projects they don't absolutely need right now.

People also want to know about new deals TCS has won and how different business sectors are doing.

TCS Dividend 2025 Record Date

TCS will also decide on paying out another interim dividend during the same board meeting on October 9.

The company already set October 15 as the record date. So if the board approves it, shareholders listed in company records on that day will get the dividend. The stock will go also trade on ex-dividend on October 15.