Q1 Results Live Updates: TCS, Anand Rathi, GM Breweries Earnings In Focus On July 9

Gaurav Udani, Founder of Thincredblu Securities says, "This dip has to be seen as an investment opportunity, not a trade. On the monthly chart, TCS is approaching a strong long-term support zone of ₹1800-2000, a level that has held on previous occasions and reflects a valuation floor for a business of this quality. Q1 results are likely to reflect headwinds the market has already priced in, flat revenue growth and margin pressure from wage hikes. So the print itself shouldn't be a major surprise."

He adds that, "What matters more is management's commentary on the deal pipeline and how the AI-led shift is playing out, since that will shape sentiment beyond this quarter. Anyone buying at these levels needs to come in with a 2-3 year horizon, not a 2-3 week one; this is not a stock to trade around a single result. On that timeframe, a move toward Rs 3200 is a reasonable target, backed by TCS's scale, margin resilience, and dividend track record."

GM Breweries had a mixed Q4 FY26 — revenue grew a strong 19.5% year-on-year to Rs 202 crore, and EBITDA more than doubled to Rs 52.4 crore — but net profit still fell 10.6% to Rs 54 crore. The gap between operating performance and the bottom line is the thread to pull today: whether that disconnect has narrowed in Q1 FY27 will be the central question when numbers drop.

The company declared a Rs 9 per share dividend for FY26. No guidance on the quarter ahead was offered at the time of Q4 results.

Anand Rathi Wealth comes into today's results on a strong run. In Q4 FY26, the wealth management firm posted revenue of Rs 287.82 crore — up nearly 30% year-on-year — and net profit of Rs 103.08 crore, a jump of over 40%. It also announced a 1:1 bonus share issue alongside a Rs 7 per share dividend, signalling confidence in the business.

AUM growth and net flows will be the key metrics — in a quarter where equity markets stayed largely range-bound, how much new money came in and stayed in will tell the story.

TCS Q1 Preview (Consolidated, QoQ, Bloomberg Estimates)

• Revenue seen 1% higher at Rs 71,743 crore versus Rs 70,698 crore
• EBIT seen 3% lower at Rs 17,284 crore versus Rs 17,870
• EBIT Margin seen at 24.19% versus 25.27%
• Profit seen 2% lower at Rs 13,485 crore versus Rs 13,718 crore

Hello and welcome to NDTV Profit’s Q1FY27 earnings liveblog. I'm Yukta, and I'll take you through the all the earnings scheduled for today.

Ten companies report their April–June 2026 numbers today, including Tata Consultancy Services, GM Breweries and Anand Rathi Wealth.

Stay tuned for live updates and key highlights through the day.