Today is scheduled for the announcement of financial results for the second quarter of the fiscal year 2026-27 (Q2FY27) for a number of companies, including Anand Rathi Wealth, Canara HSBC Life Insurance, Poonawalla Fincorp, Waterways Leisure Tourism, Canara Robeco Asset Management Company, Can Fin Homes, and five other firms.
Other organizations reporting include Bridge Securities, Hathway Bhawani Cabletel & Datacom, Indbank Merchant Banking Services, Jai Mata Glass, and S R U Steels.
TCS Results for the Second Quarter
Tata Consultancy Services (TCS), India's largest IT services company, presented its Q2FY27 results on Thursday. During this period, net profit amounted to ₹13,884 crore, which is 14.9% higher compared to the same period last year (Q2FY26), when it was ₹12,075 crore. Revenue increased by 11.2% in the reported figures, reaching ₹73,188 crore compared to ₹65,799 crore a year earlier.
When looking at quarterly (Q-o-Q) figures, TCS's net profit grew by 4%, and revenue grew by 1.3%. When calculated in constant currency, revenue growth was 0.5%. Despite global uncertainty and disruptions caused by artificial intelligence (AI), the company's results in the second quarter exceeded Bloomberg analysts' forecasts, although the growth remained moderate.
Market Overview
Indian stock indices are likely to open higher today as GIFT Nifty futures signal a positive start amid weakening oil prices during the Asian trading session. Futures were valued at 22,374 points, which is 80 points higher.
Nevertheless, markets in the Asia-Pacific region traded lower, reflecting overnight losses on Wall Street after shares related to AI fell due to concerns over OpenAI's earnings forecast. Japan's Nikkei 225 and South Korea's KOSPI dropped by 0.6% and 2.62%, respectively.
Companies Announcing Second Quarter Results Today:
The list of companies presenting their reports includes Anand Rathi Wealth, Bridge Securities, Can Fin Homes, Canara HSBC Life Insurance, Waterways Leisure Tourism Ltd, Canara Robeco Asset Management Company, Hathway Bhawani Cabletel & Datacom, Indbank Merchant Banking Services, Jai Mata Glass, Poonawalla Fincorp, and S R U Steels.