TCS Cancels Q2 Results Press Conference Amid Ratan Tata Death Anniversary Observance

According to media sources, Indian IT powerhouse Tata Consultancy Services (TCS) has cancelled its post-results news conference for the second quarter profits (Q2), which was scheduled for October 9, because the date falls on the anniversary of Ratan Tata's passing. At 5:30 p.m., the press conference was planned.

However, the Business Line report also stated that the analyst call will happen that same day. In honour of Ratan Tata, TCS has modified their earnings-day schedule for the second consecutive year. Following his death, the business also cancelled its Q2 news conference last year, but other investor-related events went forward as planned.

TCS Already Notified the Stock Exchanges

On September 22, Tata Consultancy Services notified the stock exchanges that the Board of Directors will meet on October 9 to review and approve the company's audited standalone financial results for the quarter and six months ending September 30, 2025.

The announcement of a second interim dividend to equity owners will also be discussed by the company's board. The executive team will speak to the media in a press conference at 5:30 p.m., and the earnings conference call will take place at 7:00 p.m., according to a separate filing on September 23. Despite share losses and ramp-downs in a few clients, analysts predict modest revenue growth.

Axis Securities anticipates that BFSI, Hi-Tech, and cross-currency tailwinds would propel TCS's 3.5% QoQ topline growth. It further stated that salary increases, increased investments, and decreased utilisation are projected to cause the EBIT margin to drop by 21 basis points over the course of the quarter.

TCS Cutting 2% of its Global Workforce

The justification for the anticipated separation of 12,000 employees, the effect on employee morale, and the separation's expenses will also be of interest to investors. As the corporation now seeks to concentrate on restructuring plans amid the push for artificial intelligence (AI), TCS announced layoffs of about 2% of its global workforce in the fiscal year 2025–2026.

According to Kotak Institutional Equities (KIE), investors are likely to monitor a number of important factors, including (1) the reasons behind the underperformance in growth in developed markets and any potential share losses; (2) whether the impact of the US tariffs on demand subsided; (3) the rate of adoption of GenAI and the deflationary effect on spending; (4) the impact of the GCC ramp-up on company growth and the GCC as a growth lever; (5) H-1B dependence and plans for further de-risking; and (6) margin aspirations in light of elevated competitive intensity.