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TCS may report higher Q2 margin on Thursday; weak rupee to help firm

But could report patchy performance in BFSI today

TCS had in Q1 shown steady performance, by sustaining double-digit growth.
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Rajesh Gopinathan, Chief executive officer and managing director

Romita Majumdar Mumbai
At Tata Consultancy Services’ (TCS’) announcement on Thursday of its second quarter (Q2, July-September) earnings, analysts will be watching the Mumbai-based company’s commentary on three of its segments.

These being BFSI — banking, financial services and insurance — manufacturing and retail. The segments are expected to give a broader sense about the information technology (IT) services sector’s performance in the quarter. 

TCS, the IT bellwether, is expected to benefit from a weaker rupee and stronger North American growth in the quarter. However, client-specific challenges with regard to some banking and manufacturing clients in Europe, and some semi-conductor and equipment vendors,