On Friday, the announcement of financial reports for the first quarter of the 2026-27 fiscal year (Q1FY27) is scheduled for a number of companies, including Indian Bank, Bank of Maharashtra, Just Dial, L&T Finance, and Elecon Engineering Company.
Other companies with reporting
In addition to those listed, International Travel House, Longspur International Venture, Newtrac Foods & Beverages, Shardul Securities, and Umiya Buildcon will also present their quarterly results.
TCS Results
Tata Consultancy Services (TCS), India's largest information technology (IT) company, demonstrated revenue growth exceeding analyst expectations despite forecasts of a quiet quarter. Revenue from artificial intelligence (AI) deals increased by more than 13 percent year-over-year (Y-o-Y).
The Mumbai-headquartered company reported a net profit of ₹13,349 crore for the first quarter of 2026-27 (Q1FY27). This represents a growth of 4.6 percent compared to ₹12,760 crore in the same period last year. Meanwhile, revenue grew by 13.9 percent year-over-year to ₹72,275 crore in reported figures, compared to ₹63,437 crore in Q1FY26. The serial revenue growth was 2.2 percent, or 0.4 percent in constant currency.
Although TCS's figures surpassed revenue growth expectations, profits were slightly below Bloomberg's forecasts, which projected revenue of ₹71,862 crore and net profit of ₹13,394 crore.
Market Overview as of July 10
On Friday, the Nifty50 and Sensex indices rose due to gains in global stocks, supported by the rally in semiconductor-related stocks. By 10 AM, the Nifty50 climbed 250 points or 1.04 percent, reaching 24,212.40, while the Sensex increased by 804.59 points or 1.05 percent, reaching 77,546.41.
Within the Nifty50 index, Tech Mahindra, HCLTech, and Tata Consultancy Services led the growth. In the broader markets, Nifty MidCap and Nifty SmallCap showed growth of 0.7 percent and 0.6 percent, respectively.
