Overview
- Both companies will release December‑quarter earnings after market close on Jan. 12, with TCS also holding an evening earnings call.
- Bloomberg estimates for TCS suggest roughly 2% quarter‑on‑quarter revenue growth to about Rs 66,849 crore, EBIT margin near 25.02% and an 8% rise in profit, though constant‑currency growth remains soft due to the BSNL ramp‑down.
- HCLTech consensus points to about 5% sequential revenue growth to roughly Rs 33,262 crore and margin expansion helped by software seasonality, with services growth seen near 1% and products/platforms providing the lift.
- TCS’s board will consider a third interim dividend for FY26, with Jan. 17 set as the record date for shareholder eligibility.
- Deal momentum and AI opportunities are key watchpoints, with TCS quarterly TCV forecasts ranging from $7–9 billion to $10–11 billion, HCLTech deal wins expected above $2–2.5 billion, and shares of both trading slightly lower ahead of the announcements.