Tata Elxsi and Tata Consultancy Service will report their financial report next week to kick off the earnings season.

What Happened: The two companies informed the exchanges earlier this week that a board meeting has been scheduled for October 10 to release the earnings for the quarter ended September.

TCS also said that its board will “consider declaration of second interim dividend to the equity shareholders”. The record date for dividend payment, if any, is set at October 18. The Q2 earnings call will be held at 7 pm on October 10.

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What To Expect: HDFC Securities expects the TCS to report earnings at ₹63,811 crore with a net profit of ₹12,315 crore. For Tata Elxsi the analysts expect a revenue of ₹953 crore and a net profit of ₹211 crore.

Motilal Oswal anticipates more modest growth, expecting 1.0% QoQ CC growth. This forecast is attributed to deal scale-ups, including the BSNL deal and some recovery in the North American BFSI segment. However, they expect the EBIT margin to contract by 20 basis points due to the ramp-up of the BSNL deal and continued investment in talent development and training. The brokerage pegs the tech giant’s revenue at 63,900 crore and a net profit of ₹12,500 crore.

On the other hand, ICICI Securities is projecting 2.3% growth in USD terms and 1.5% growth in constant currency (CC) on a QoQ basis for TCS. This positive outlook is driven by strong performance in the retail sector, and the hi-tech segment, supported by deals announced during the quarter.

The analysts also expect a 49 basis points improvement in EBIT margin due to the absence of wage hikes this quarter. The brokerage estimates the company’s revenue to come in at ₹64,337 crore with a net profit of ₹12,580.6 crore.

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