Overview
- TCS and HCLTech will release October–December results after market close on Jan. 12, with boards slated to consider interim dividends and earnings calls scheduled for the evening.
- Bloomberg consensus pegs TCS at roughly 2% sequential revenue growth with EBIT margin near 25%, though constant-currency growth remains constrained by the BSNL ramp-down and recent wage hikes.
- Broker views diverge on TCS deal wins, with several houses expecting $7–9 billion TCV while Kotak projects $10–11 billion, keeping BSNL execution, AI traction and CY2026 budgets in focus.
- HCLTech is forecast to post stronger sequential growth helped by software seasonality, with about 2.2%–3.4% constant-currency growth and 60–110 basis points margin expansion despite wage and restructuring costs.
- Investors will track headcount and attrition trends, furlough and FX effects, any severance or restructuring items at TCS, FY26 guidance commentary, and potential dividend details including TCS’s Jan. 17 record date for a proposed third interim payout.