Tata Consultancy Services (TCS), the crown jewel of the Tata Group, has reportedly called off its scheduled press conference for the second-quarter financial results of FY26. The cancellation, set for October 9th, appears to be a mark of respect as the date coincides with the first death anniversary of the legendary Ratan Tata.
A Respectful Silence: Press Briefing Withdrawn
As per a report by BusinessLine, internal sources revealed that TCS chose to forego the customary media interaction following its Q2 results. However, the analyst call — a key event for investors and market watchers — will proceed as planned.
This is not the first time the tech giant has taken such a step. Last year, during the passing of Ratan Tata, TCS similarly cancelled its Q2 press conference while continuing with its financial announcements and board meetings.
Honouring the Legacy of Ratan Tata
A Titan of Indian Industry
Born on December 28, 1937, before India’s independence, Ratan Tata was more than a business magnate — he was a visionary, philanthropist, and ethical leader whose influence extended well beyond boardrooms.
He held the reins of the Tata Group and Tata Sons from 1991 to 2012, later returning as interim chairman in 2016. Under his leadership, the conglomerate expanded its global footprint and pioneered responsible business practices.
A National Treasure
Ratan Tata’s contributions earned him two of India’s highest civilian honours — the Padma Bhushan in 2000 and the Padma Vibhushan in 2008. His quiet personal life and deep commitment to India’s development made him an icon of integrity and humility.
On October 9, 2024, Ratan Tata passed away at the age of 86 due to age-related health conditions. His funeral was marked by a state-wide mourning, ceremonial honours by the Mumbai Police, and his body was respectfully draped in the Indian national flag.
TCS Stock Remains Resilient Ahead of Q2 Earnings
Despite market volatility, TCS shares have been trading strong in anticipation of its Q2 earnings. On the Bombay Stock Exchange (BSE), TCS stock rose by ₹50.95 or 1.71%, reaching ₹3,024.80 per share. This brings the company’s market capitalization to ₹10.94 lakh crore.
TCS Q2FY26 Earnings: What to Expect
Financial Results Announcement
On October 9th, the TCS board will approve and publish the audited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025, under Indian Accounting Standards (Ind AS). Additionally, a second interim dividend may be considered for equity shareholders.
Forecasts & Analyst Expectations
According to Equirus Securities, TCS is expected to report modest revenue growth of 0.6% QoQ in constant currency (CC) terms. The restrained growth is attributed to sluggish demand across global markets.
However, there’s a silver lining — EBIT margins are projected to improve by 47 basis points, aided by INR depreciation against the US dollar. This benefit is expected to counteract the impact of wage hikes implemented from September 1, 2025, particularly for junior staff.
Other Key Predictions Include:
- Deal Wins: A stable total contract value (TCV), including one confirmed mega-deal win in Q2.
- Other Income: A likely QoQ dip due to absence of one-time gains seen in Q1.
- Restructuring Costs: Potential severance-related expenses not included in projections.
Focus Areas for Investors and Analysts
When the results are announced, the market will closely watch several critical factors:
- Demand Trends across BFSI, retail, telecom, hi-tech, and other core verticals
- Impact of Macroeconomic Volatility and trade/tariff uncertainties
- Pipeline of Large-Scale Deals and overall client decision-making momentum
- FY26 & CY25 Outlook and long-term growth strategies
- H-1B Visa Dependency, cost management, and pricing evolution
Conclusion
In a move that blends financial responsibility with emotional sensitivity, TCS’s decision to cancel its Q2 press conference reflects the company’s deep-rooted values and respect for its patriarch, Ratan Tata. As the market awaits TCS’s earnings, the event is likely to serve not just as a financial milestone, but also a subtle homage to the man who helped shape the Tata empire.
