Q3 Results LIVE: TCS, HCLTech, Anand Rathi Wealth In Focus

GTPL Hathway reported a 12% YoY rise in total income to Rs 964.9 crore in Q2FY26 from Rs 862 crore in Q2FY25. Total expenditure grew 14% YoY to Rs 854.8 crore in Q2FY26 from Rs 748.2 crore in Q2FY25. Profit after tax declined 28% YoY to Rs 9.3 crore in Q2FY26 from Rs 12.9 crore in Q2FY25.

• Revenue expected to grow 2.9% quarter-on-quarter in constant currency, driven by seasonality in the software business and partly offset by furloughs.

• Services segment expected to grow 1.0% sequentially, while the software segment may see sharp sequential growth.

• EBIT margin may expand by about 60 basis points, supported by high-margin software, offset by two months of wage hike impact and restructuring costs.

• Expects FY26 overall and services revenue growth guidance of 4%–5% and margin guidance of 17%–18% to be maintained.

• Focus areas include FY26 guidance revision, calendar year 2026 budgets, deal wins, discretionary spending, and the impact of the H-1B visa fee hike.

• Revenue seen 5% higher at Rs 33,262 crore versus Rs 31,820 crore

• EBIT seen 8% higher at Rs 6,020 crore versus 5,562 crore

• EBIT Margin seen at 18.09% versus 17.47%

• Profit seen 11% higher at Rs 4702 crore versus Rs 4244 crore

• Total throughtput rose 10.8% to 14 lakh TEUs annually.

Source: Exchange filing

TCS Q3 Preview (Bloomberg Estimates) (Consolidated, QoQ)

• Revenue 2% higher at 66,849 crore versus Rs 65,799 crore

• EBIT seen 8% higher at Rs 16,732 crore versus Rs 15,430 crore

• EBIT margin seen expanding to 25.02% versus 23.45%

• Profit seen 8% higher at Rs 13,006 crore versus Rs 12,075 crore