Tata Consultancy Services (TCS) has reportedly cancelled its Q2 FY26 press conference, originally scheduled for October 9, 2025, as the date coincides with the first death anniversary of Ratan Tata, the legendary industrialist and former chairman of the Tata Group.
According to sources cited by BusinessLine, while the press conference has been cancelled, the analyst call for investors and stakeholders will proceed as planned. A similar decision was taken last year, when the Q2FY25 results coincided with Ratan Tata’s funeral.
TCS shares remain bullish
Ahead of the Q2 results, TCS shares have been trading on a bullish note despite a volatile market. On the BSE, the stock was priced at ₹3,024.80 per share, up by ₹50.95 (1.71%), giving the company a market capitalisation of ₹10,94,399.11 crore.
Q2FY26 results expectations
The TCS board is set to approve the audited standalone and consolidated financial results under Indian Accounting Standards (Ind AS) for the quarter and six-month period ending September 30, 2025. The company is also expected to consider a second interim dividend for its equity shareholders.
According to Equirus Securities, TCS is likely to record modest revenue growth, with US$ revenue expected to grow 0.6% QoQ in constant currency (CC) terms, due to softer growth in international markets. EBIT margins are expected to improve by 47 basis points, largely aided by INR/US$ depreciation, which may offset headwinds from recent wage hikes for junior staff and ongoing strategic investments.
Equirus noted that steady deal wins, including one mega deal in Q2, are expected to support revenue, while other income may dip compared to Q1, which had one-time gains. Analysts will focus on the demand outlook in BFSI, retail, communications, and high-tech sectors, client decision-making, pricing trends, the deal pipeline, and updates on growth strategies and dependency on H1B visas.
Remembering Ratan Tata
Born on December 28, 1937, Ratan Tata was an industrialist, philanthropist, and ethical leader who guided the Tata Group through decades of growth. He served as chairman of Tata Group and Tata Sons from 1991 to 2012, and briefly as interim chairman from October 2016 to February 2017.
Ratan Tata passed away on October 9, 2024, at the age of 86, due to age-related health issues. He received Padma Bhushan in 2000 and Padma Vibhushan in 2008, India’s third and second highest civilian honours, respectively. His funeral was marked by state mourning, a ceremonial guard of honour by Mumbai Police, and his body was wrapped in the Indian flag in tribute to his immense contributions to India and the global business community.