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TCS Scraps Q2 Press Briefing as Results and Analyst Call Proceed Thursday

Investor focus now shifts to layoffs, visa costs, margins, dividend prospects.

Overview

  • TCS will hold its board meeting on Oct. 9 to approve audited Q2 FY26 results, as disclosed in a Sept. 22 exchange filing.
  • The Oct. 9 press conference has been canceled out of respect for Ratan Tata’s anniversary, while the investor and analyst call remains scheduled for 7 p.m.
  • The company has outlined plans to cut roughly 12,000–12,200 roles, about 2% of its workforce, with scrutiny on severance costs, grades affected, and execution across geographies.
  • Brokerages expect a muted quarter with steady margins; Kotak pegs growth at about 0.2% QoQ and a Bloomberg survey points to net profit near Rs 12,568 crore with revenue up roughly 3% to about Rs 63,437 crore.
  • Directors will also consider a second interim dividend, with Oct. 15 as the record date if approved, and markets await management commentary on the H‑1B fee hike and proposed U.S. tariffs.