Ratan Tata Death Anniversary: TCS Cancels Q2 Results Press Conference On October 9; All Details Here

Amidst turmoil at Tata Trust, the flagship of Tata Group, Tata Consultancy Services (TCS) has likely cancelled the press conference for its Q2 results for FY26 on October 9th. This is because the Q2FY26 earnings date is overlapping with the late Ratan Tata's death anniversary. Ahead of the Q2 earnings, TCS share price is trading on a bullish note despite the market being volatile. TCS is expected to record tepid growth in revenue due to uncertainty in global cues.

TCS Q2 Press Conference Cancelled:

According to a BusinessLine report, sources said that TCS cancelled its press conference; the date coincides with Ratan Tata's anniversary. However, the analyst call has not been cancelled. Last year, when Ratan Tata passed away, TCS cancelled its Q2 press conference while continuing with other events.

Ratan Tata Death Anniversary:

Born on December 28, 1937 before India's independence, Ratan Tata emerged as an Indian industrialist, philanthropist, visionary leader and ethical statesman. His Tata Group is among the biggest contributors to India's economical growth both globally and domestically. He was the chairman of Tata Group and Tata Sons from 1991 to 2012 and also became interim chairman from October 2016 to February 2017.

He achieved India's third highest civilian honour, Padma Bhushan in 2000, followed by Padma Vibhushan in 2008 which is the country's second highest civilian honour.

He died on October 9th, 2024 at the age of 86 due to age-related health issues. On his final rites, many states declared a day of mourning, and the Mumbai Police delivered ceremonial guard of honour, while his body was wrapped in the Indian flag to honour his contributions for the country. He never married and had no children.

Last year, TCS Q2FY25 results was on the same day as his funeral. Even that time, TCS announced its earnings but cancelled the press conference.

TCS Share Price:

Ahead of Q2 results, TCS share price traded at Rs 3024.80 apiece on BSE, up by Rs 50.95 or 1.71%. The market value of TCS is Rs 10,94,399.11 crore.

TCS Q2 Results Expectations:

On October 9, TCS board of directors will approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and six-month period ending September 30, 2025. Also, they will approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and six-month period ending September 30, 2025.

Additionally, TCS is likely to consider the declaration of second interim dividend to the equity shareholders.

What to expect? As per Equirus Securities, TCS' US$ revenue is expected to grow QoQ by 0.6% in CC terms; tepid growth is largely due to expected growth softness in international markets. Equirus Securities expects EBIT margins to improve by 47 bps largely led by INR/US$ depreciation which will help compensate headwinds from wage hikes eff 01 September 2025 for junior staff and ongoing investments. Equirus Securities' estimates exclude severance/restructuring cost likely eff Q2FY26.

The research house expects steady deal TCV QoQ with one mega deal win announced by TCS in Q2. Equirus expects other income to dip QoQ given one time income in Q1.

Key things to look for will be Demand outlook in BFSI, retail, communication, hi-tech and other key segments; the impact of volatile macro/tariff issues on demand/its clients; the deal pipeline, especially for large/mega-sized deals; client decision-making and pricing trends; the outlook on CY25/FY26 and beyond; any further update on growth strategies; and dependency on H1B visas.

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