Q2 Results Live: Tata Elxsi
Revenue rose 3.1% at Rs 955 crore versus Rs 926 crore (QoQ).
EBIT Margin at 25% versus 24.4% (QoQ).
EBIT rose 5.8% at Rs 239 crore versus Rs 226 crore (QoQ).
Net Profit rose 24.7% At Rs 229 crore versus Rs 184 crore (QoQ).
TCS Q2 Results Live: Patents During The Quarter
As on Sept. 30, TCS had applied for 8,354 patents, including 160 applied during the quarter and been granted 4,369 patents including 223 granted during the quarter.
TCS Q2 Results Live: Management Comments
"Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth," Samir Seksaria, Chief Financial Officer TCS.
Source: Press Release
TCS Q2 Results Live: Management Comments
“Cautious trends of the last few quarters continue to play out in this quarter as well,” said K Krithivasan, CEO and MD at TCS.
Source: Press Release
TCS Q2 Results Live: 11,000 Associates Joined The Company In The First Half Of The Year, Said Milind Lakkad
"We welcomed 11,000 associates in the first half of the year," said Milind Lakkad, Chief HR Officer - TCS. He also said that the company is on track for trainee onboarding. The tech giant has also commenced the campus hiring process for financial year 2026, according to the exchange filling.
Q2 Results Live: Anand Rathi Wealth Net Profit Rises 31%
Total income up 32% at Rs 250 crore vs Rs 189 crore.
Net profit up 31% at Rs 76 crore vs Rs 58 crore.
Q2 Results Live: IREDA Profit Rises 36%
Revenue up 38% at Rs 1,630 crore versus Rs 1,177 crore.
Net profit up 36% at Rs 388 crore versus Rs 285 crore.
TCS Q2 Results Live: Order book
The order book TCV was at $8.6 billion, down 34.8% year-on-year.
TC Q2 Results Live: Other Highlights (QoQ)
Revenue in-line, Margin and Profits below estimates
Net headcount addition of 5,726 versus addition of 5,452
Attrition at 12.3% versus 12.1%
BFSI showed muted growth, up 0.1% CC YoY terms
North America declined YoY CC by 2.1%
Revenue led by India due to the BSNL deal
Constant currency revenue up 5.5%
TCS Q2 Results Live: Net Profit Falls 1%
Revenue up 2.6% to Rs 64,259 crore versus Rs 62,613 crore.
EBIT up 4.9% to Rs 15,465 crore versus Rs 15,442 crore.
EBIT margin at 24.1 vs 24.7%.
Net profit down 1.1% to Rs.11,955 crore versus Rs 12,150 crore.
Announces second interim dividend of Rs 10.
Q2 Results Live: Closing Share Price of Tata Elxsi Before Q2 Results Announcement
Shares of Tata Elxsi closed 1.90% higher at Rs 7,759.30 apiece, compared to a 0.07% rise in the benchmark NSE Nifty.
The stock has risen 5.43% in the last 12 months and fell 11.36% year-to-date.
TCS Q2 Results Live: Closing Share Price of TCS Before Q2 Results Announcement
Shares of TCS closed 0.60% lower at Rs 4,227.40 apiece, compared to a 0.07% rise in the benchmark NSE Nifty.
The stock has risen 16.49% in the last 12 months and 11.96% year-to-date.
TCS Q2 Results Live: Analysts Recommendations Ahead Of Earnings
Thirty out of the 47 analysts tracking Tata Consultancy Services have a 'buy' rating on the stock, 10 suggest a 'hold' and seven have a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 5.6%.
TCS is likely to clock a net profit of Rs 12,543 crore and revenue of Rs 64,186 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.
TCS Onboards 11,000 Trainees In Q1, Aims For 40,000 In FY25
Tata Consultancy Services Ltd. said that it had onboarded 11,000 trainees in the quarter-ended June and will hire 40,000 employees for the year ending March 2025.
The headcount of India’s largest software services exporter rose by 5,452 to 6,06,998 in the first quarter. Its headcount fell by 13,249 in FY24. Attrition dipped to 12% in Q1 as compared to 12.5% a quarter ago.
Milind Lakkad, chief human resources officer of TCS, said in the Q1 earnings call that attrition will stabilise in the second quarter. “Trainees are a key strategy for talent development for TCS, and that will continue this year,” he said. “The net headcount every quarter will be difficult to call out because it depends on various factors.”
Read more here.
Nifty, Sensex Pare Gains As Infosys, Trent Share Prices Fall: Midday Market Update
The NSE Nifty 50 and BSE Sensex pared most gains from the morning, tracking declines in Infosys Ltd. and Trent Ltd.'s share prices. As of 11:47 a.m., the Nifty 50 was 0.17%, or 42.50 points higher at 25,024.45, and the Sensex was up 214.98 points, or 0.26% at 81,682.08.
So far today, Nifty rose as much as 0.61% to 25,134.05, and Sensex rose 0.66% to 82,002.84. Rise in most Asian shares in the early trade also provided support to the benchmark indices.
Nifty has been trading in the range of 24,800-25,200 over the past few days and an either side breakout would decide the next leg of move from current levels, said Vikas Jain, head of research, Reliance Securities Ltd.
The relative strength index has witnessed up-move from the lower range and the brokerage expects volatility to increase with respect to the weekly expiry. Highest call open interest has moved higher to 25,300 strikes, while in the downside, the highest put OI is at 24,500 for the weekly expiry, Jain said.
Also Read: Ratan Tata Passes Away: JLR Acquisition To Nano Launch — A Look Back At His Key Business Decisions
Shares of HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Mahindra & Mahindra Ltd., Axis Bank Ltd. and Larsen & Toubro Ltd. were positively contributing to changes in the Nifty.
While those of Infosys Ltd., Trent Ltd., Hindustan Unilever Ltd., Titan Co. Ltd., and Tata Motors Ltd. weighed the index.
On NSE, six out of 12 sectors advanced, four declined, and one remained flat. The NSE Nifty Energy rose the most, and the NSE Nifty Pharma declined the most.
Broader markets rose on Thursday. The BSE Midcap and Smallcap indices were trading 0.12% and 0.58% higher, respectively.
On BSE, 16 out of 20 sectors advanced and four declined. The BSE Utilities rose the most, while the BSE Healthcare declined the most.
Market breadth was skewed in the favour of buyers. Around 2,389 stocks advanced, 1,305 stocks declined, and 160 stocks remained unchanged on BSE.
TCS Q2 Results: What To Watch Out For
TCS is likely to clock a net profit of Rs 12,543 crore and revenue of Rs 64,186 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.
Here are the key factors to watch out for in their earnings update:
Reason for the absence of growth, excluding India.
Qualitative commentary for margin and growth guidance.
Revival in the banking space.
TCS Shares Trade Lower Ahead Of Q2 Results
Shares of Tata Consultancy Services Ltd. gave up early gains to trade lower ahead of the IT major's announcement of its second-quarter earnings.
The IT bellwether has cancelled its September quarter earnings press conference and interviews scheduled later on Thursday after the demise of Ratan Tata.
TCS is likely to clock a net profit of Rs 12,543 crore and revenue of Rs 64,186 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.
TCS stock rose as much as 0.87% during the day to Rs 4,290 apiece on the NSE. It gave up gains to trade 0.63% lower at Rs 4,226.3 apiece, compared to a 0.24% advance in the benchmark Nifty 50 as of 1:19 p.m.
It has risen 16.4% during the last 12 months and has advanced by 12% on a year-to-date basis. The relative strength index was at 42.
Thirty out of the 47 analysts tracking the company have a 'buy' rating on the stock, 10 suggest a 'hold' and seven have a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 5.6%.
Here's How TCS Fared In Previous Quarter
Tata Consultancy Services reaffirmed its commitment to achieving a margin above 26%, despite experiencing its first contraction in four quarters during the April-June period.
The company aims to maintain margin levels of 26-28%, Chief Financial Officer Samir Seksaria told reporters, adding that margins will increase quarter by quarter. The company last achieved a margin of more than 26% during the fourth quarter of the financial year ending March 2021.
India's largest software services provider reported an EBIT margin of 24.7% for the first quarter of the financial year, down from 26% in the previous quarter. Analysts tracked by Bloomberg had estimated a margin of 24.5%.
Read more here.
Q2 Results Today: GM Breweries Net Profit Falls 3%
GM Breweries Ltd.'s net profit declined in the second quarter of fiscal 2025.
The net profit of the company fell 3.1% year-on-year to Rs 21.7 crore in the quarter ended September. This compares to a profit of Rs 22.4 crore in the same period last year.
Revenue rose 0.2% year-on-year to Rs 149 crore in the July-September quarter.
Operating income, or earnings before interest, taxes, depreciation, and amortisation, fell 7,4% year-on-year to Rs 27.5 crore. The Ebitda margin contracted to 18.5% from 19.6% in the previous year.
TCS Shares Trade Higher Ahead Of Q2 Results
Shares of Tata Consultancy Services Ltd. trade higher ahead of the IT major's announcement of its second-quarter earnings.
The IT bellwether has cancelled its September quarter earnings press conference and interviews scheduled later on Thursday after the demise of Ratan Tata.
TCS is likely to clock a net profit of Rs 12,543 crore and revenue of Rs 64,186 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.
TCS stock rose as much as 0.87% during the day to Rs 4,290 apiece on the NSE. It was trading 0.47% higher at Rs 4,273 apiece, compared to a 0.24% advance in the benchmark Nifty 50 as of 11:55 a.m.
Thirty out of the 47 analysts tracking the company have a 'buy' rating on the stock, 10 suggest a 'hold' and seven have a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 5.6%.
Macquarie Prefers TCS Over Infosys — Here's Why
Tata Consultancy Services Ltd. is Macquarie's pick over Infosys Ltd. due to better rebound in spending trends after Covid-19 and the global financial crisis.
The stock is the brokerage's top pick among large-cap IT services companies and also a Macquarie Marquee idea, it said while maintaining an 'outperform' rating. The brokerage has a target price of Rs 5,740 per share.
When spending picks up, the brokerage said, it expects more cloud migration deals to be bundled between applications and infrastructure services and sees TCS as better positioned than Infosys.
The brokerage expects the Tata-group company to grow faster than Infosys in both fiscals 2026 and 2027.
TCS Guides For Softer Q2 Earnings
TCS management, while talking to analysts about July-Sept guidance, said that they expect the second quarter to be soft. The growth and deals won in the first quarter are likely fizzling out, according to the management, and that added that the business in North America and BFSI is in bit of struggling mode.
Indian IT companies conduct substantial business with American firms, thus, making them vulnerable to the US economic environment.
Here's What Analysts Expect From IT In Q2
Discretionary demand trends and the green shoots especially in the banking space would be in focus as they contribute to majority of IT companies' revenues.
Even as the July-September period tends to be a strong quarter for the sector, analysts expect TCS to be a laggard, while Infosys Ltd. and LTIMindtree Ltd. are seen leading revenue growth.
The market could find it difficult to support the current valuations of the IT sector, according to CLSA
Read full story here.
TCS Post Earnings Press Conference Cancelled After Ratan Tata’s Death
Tata Consultancy Services Ltd. has cancelled its September quarter earnings press conference and interviews scheduled later on Thursday after the demise of Ratan Tata.
The IT giant, however, will release the Q2 financial results and analyst call on Thursday, Oct. 10, after the board meeting, as decided earlier.
Legendary industrialist Ratan Tata, who served as the chairman of the Tata Group from 1991 to 2012, died on Wednesday at the age of 86.
TCS And Other Salt-To-Software Stocks In Focus After Ratan Tata Demise
Shares of Tata Technology Services Ltd., Tata Motors Ltd., Tata Chemicals Ltd. and group stocks of the conglomerate held steady after its former Chairman, Ratan Tata, passed away on Wednesday.
The chairman emeritus of Tata Sons and a highly regarded Indian industrialist died at the age of 86. He led the Tata Group for around 21 consecutive years between 1991 and 2012.
While being at the helm of expanding one of India's biggest conglomerates, Tata also nurtured several startups when they weren't sector leaders, such as Urban Company, CashKaro, BlueStone, CarDekho and Tracxn.
The scrip of Tata Investment Corp. rose by over 12% in early trade while TRF Ltd. surged 10% on Thursday. Shares of Tata Chemicals Ltd., Tata Elxsi Ltd., and Tata Technologies Ltd. were up by over 3%, each. This compares to a 0.5% advance in the benchmark Nifty 50 as of 10:09 a.m.
The share price of Trent Ltd., and Tinplate Company of India Ltd., declined slightly in trade on Thursday.
Q2 Results Today: TCS Likely To See Soft Business
The Tata-owned IT major told clients that the second quarter will be soft with most business coming in from India, which was 7.5% of total revenue in the first quarter.
CLSA sees further downside to the second quarter sequential revenue growth forecast of 1.8% in constant currency terms, given a sharp ramp up in BSNL contracts post the conclusion of central elections.
Bank of America says that first-quarter demand trends are not expected to carry forward in this quarter, especially for developed markets, like US and UK.
Growth disappointments are possible at TCS, according to Ambit Capital.
Q2 Results Today — TCS, Ireda Earnings Estimates
TCS is likely to clock a net profit of Rs 12,543 crore and revenue of Rs 64,186 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.
Tata Elxsi Ltd. will also be reporting its results for the quarter on Thursday. The company is likely to report a net profit of Rs 200 crore for the second quarter, according to estimates.
Ireda reported a 303% jump in loan sanctions during the first half of FY25, at Rs 17,860 crore, against Rs 4,437 in the year-ago period. The company's loan disbursement grew 56% YoY to Rs 9,787 crore in H1FY25, up from Rs 6,273 crore in the same period a year ago.
Here are the earnings estimates of major companies that are scheduled to announce their results on Thursday:
TCS, Ireda To Kick Start India Inc.'s Q2 Earnings
India's largest IT firm Tata Consultancy Services Ltd., state-owned Indian Renewable Energy Development Agency Ltd. and Tata Elxsi Ltd. will kick-start India Inc.'s earnings season for the second quarter on Thursday.
As many as 12 companies, are set to announce their quarterly results for the three-month period ending September 2024.
Anand Rathi Wealth Ltd., Hathway Bhawani Cabletel & Datacom Ltd., Arkade Developers Ltd., GM Breweries Ltd., Ashoka Metcast Ltd., NB Footwear Ltd., Reliance Naval and Engineering Ltd., Infomedia Press Ltd. and Den Networks Ltd. are set to report their earnings on Thursday.
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