Tata Consultancy Services Ltd (TCS) has reportedly called off its scheduled press conference and interviews for its September quarter earnings following the death of Ratan Tata. Although the company has not provided any official updates on its website or through stock exchanges, the news has circulated. Business Today was unable to independently verify this information.
TCS had planned to announce its second-quarter financial results, ending on September 30, after market hours today. Additionally, the company’s board was expected to review the second interim dividend for the fiscal year 2025.
A press conference was originally planned for 5:30 p.m. IST, where the TCS leadership team was set to address the media. This event was to be broadcast live on various business news channels. Furthermore, the company had scheduled an earnings conference call for 7:00 p.m., where the leadership was expected to discuss financial performance and respond to questions from the media.
Prior to the earnings release, investors were primarily interested in the overall demand outlook within the SDS segment. Focus areas also included the company’s engagements with clients outside of Jaguar Land Rover (JLR) in the transportation sector, reasons for the slower-than-expected growth in auto deals, and the outlook for the media & communications, healthcare, and medical devices sectors. Additionally, there was interest in the progress being made in scaling up within the three core business verticals.
Kotak Institutional Equities projected that TCS would report a 9.9% year-on-year increase in net profit, reaching ₹12,461 crore, along with a 7.3% rise in net sales to ₹64,040 crore.
The brokerage further predicted a quarter-on-quarter revenue growth of 1.2% in constant currency (CC), largely driven by the transportation sector, along with stability in media & communications, and a significant decline in revenue from the healthcare and medical devices sectors. The transportation segment was expected to perform well despite challenges such as reduced demand and delays in large projects, with Jaguar Land Rover being a key contributor. However, media & communications clients were noted to be cautious about increasing their spending.