Q2 Results Live Updates: TCS Gains 3% Ahead Of Earnings; GM Breweries, Grand Oak Among 7 Companies' In Focus

TCS is currently the top gainer on both BSE 30-share Sensex Index as well as NSE Nifty 50 index.

• TCS shares were trading higher in trade on Thursday.
• Currently, the shares were trading nearly 3% higher at Rs 2,136 apiece.
• The 52-week high is 3,336.70, while 52-week low is Rs 1,976.

• Investors will monitor headcount additions, demand trends in the data centre business, and any impact from AI-led productivity gains.
• Updates on hiring, utilisation, wage costs and margin sustainability will be key talking points during the management commentary.
• Any commentary on pricing pressure from AI adoption and large transformation deals will also be closely watched.

• A major focus area for investors will be TCS' AI business, which had reached an annualised revenue run-rate of $2.6 billion in Q1 FY27, up 13.6% QoQ.
• Analysts will seek updates on AI-related demand, monetisation, pricing trends and potential margin implications.
• The company's AI revenue run-rate has grown steadily from $1.5 billion at its December 2025 Analyst Day to $2.6 billion in Q1 FY27.

• Analysts expect TCS' Q2 deal wins to be around $10 billion, compared with $9.5 billion in Q1 FY27.
• Investors will closely track management commentary on discretionary spending trends, BFSI demand, and the demand environment in major markets.
• Commentary around the impact of the Middle East conflict and slower demand recovery on organic growth will also remain in focus.

• Tata Consultancy Services (TCS) is expected to report 0.5%-0.8% constant-currency growth for Q2 FY27, with Bloomberg consensus estimating revenue at Rs 73,026 crore, up 1% QoQ from Rs 72,275 crore.
• Net profit is estimated at Rs 13,788 crore, up 3.3% QoQ, while EBIT is seen rising 2.8% to Rs 17,805 crore.
• EBIT margin is expected to improve 42 basis points to 24.38%.

• Besides TCS, companies scheduled to announce Q2 FY27 results on Oct. 8 include GM Breweries, Grand Oak, Ind Bank Housing, K&R Rail Engineering, Lotus Chocolate Company and Onix Solar Energy.
• However, TCS remains the marquee earnings event of the day and is expected to set the tone for the upcoming IT earnings season.

• Analysts expect quarterly deal wins worth $9-10 billion for TCS.
• Investors will watch commentary on BFSI demand, North America and Europe trends, manufacturing recovery, and AI-led productivity initiatives.
• Management's outlook on the second phase of the BSNL project and deal conversion pipeline will also remain in focus.

• Brokerages expect TCS' constant-currency revenue growth to be in the 0.4%-0.8% QoQ range.
• Jefferies expects 0.6% CC growth, Citi sees 0.7%, while JP Morgan estimates 0.4% growth.
• ICICI Securities, HSBC and Systematix expect growth of around 0.6%, 0.8% and 0.6%, respectively.

• According to Bloomberg estimates, TCS revenue is expected to rise 1.2% QoQ to Rs 73,152 crore from Rs 72,275 crore.
• EBIT is projected at Rs 17,802 crore, up 2.8% QoQ, while EBIT margin is seen improving to 24.33% from 24%.
• Net profit is estimated to increase 3.3% QoQ to Rs 13,794 crore from Rs 13,349 crore.

• Tata Consultancy Services (TCS) is set to announce its Q2 FY27 results after market hours on Oct. 8.
• The company will hold its earnings conference call at 7:00 p.m. IST following the results announcement.
• Investors will closely track management commentary on demand trends, BFSI spending, AI adoption and key geography performance.

Q2 Results Live: Welcome to NDTV Profit’s live coverage of the September quarter (Q2 FY27) earnings season. TCS, GM Breweries, Grand Oak, Ind Bank Housing, K&R Rail, Lotus Chocolate Company and Onix Solar Energy are among the companies set to announce their Q2 FY27 results today. 

Stay with us for real-time earnings updates, key financial numbers, management commentary and the latest developments as companies report their quarterly performance.