TCS board meets today for Q2 results, interim dividend
Tata Consultancy Services' board meets on Thursday to approve its second-quarter results. It will also consider a second interim dividend for FY27.
The results are expected after market hours. The earnings call is scheduled for 7 pm IST.
The record date for the second interim dividend is fixed as 14 October. The dividend amount has not been announced yet.
IT stocks gained on Thursday ahead of the announcement. TCS shares have fallen about 35 percent this year and 8.8 percent in the past month.
In the first quarter, TCS reported revenue of Rs 72,275 crore. Profit after tax stood at Rs 13,420 crore.
One report put the Q1 profit at Rs 13,349 crore, hit by a Rs 668 crore one-time legal expense.
The operating margin was 24 percent in Q1. That is below the management's target of above 25 percent.
Analysts expect revenue to rise about 0.6 percent sequentially in constant currency. Profit could rise around 13 percent to about Rs 13,722 crore. Deal wins of $8-10 billion are expected.
Infosys reports on 23 October and HCL Tech on 12 October. Nifty IT is currently the worst-performing sectoral index.
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