TCS, Infosys and HCL Tech Set to Report Q2 FY27 Results in October

The IT sector has faced persistent headwinds this year, including macroeconomic uncertainty, AI-driven disruptions, and geopolitical tensions, which continue to affect discretionary spending and technology decision-making cycles. With a significant portion of revenue derived from North America, Indian IT firms remain highly sensitive to US economic trends and corporate technology spending patterns.

Additional pressure has come from expectations of further monetary tightening and a potential US Federal Reserve interest rate hike in 2026, which have dampened investor sentiment and prompted foreign portfolio investors to reduce exposure to the sector. As a result, the Nifty IT index has emerged as the worst-performing sectoral index in recent months.

TCS is set to announce its Q2 FY27 results on Thursday, October 8, 2026, with the board meeting to approve standalone and consolidated financials and consider a second interim dividend. Following the pattern of its Q1 FY27 announcement, TCS is expected to release its results after market hours.

HCL Technologies will report its Q2 FY27 performance on Monday, October 12, 2026, with a board meeting scheduled to review financials for the quarter and half-year ended September 30. Like TCS, HCL Tech had previously announced Q1 results post-market hours, suggesting a similar timing for this release.

Infosys is scheduled to declare its September quarter results on Friday, October 23, 2026, accompanied by an earnings call on the same day where senior management will discuss performance and respond to analyst queries.

Brokerage firm Kotak Institutional Equities noted that demand conditions have remained unchanged since the June 2026 quarter, forecasting another muted quarter for large IT firms. However, HCL Tech is expected to stand out with the strongest organic growth among peers, projecting 2% quarter-on-quarter and 2.4% year-on-year revenue growth. Infosys is forecasted to grow 1.1% QoQ and 0.2% YoY, while TCS may see slower growth at 0.5% QoQ and 2.8% YoY.

Among mid-sized and hybrid IT companies, Tech Mahindra is anticipated to deliver strong performance with 1.6% QoQ and 6.6% YoY growth, while LTIMindtree is expected to grow 1% QoQ, with year-on-year growth moderating to around 5%. The brokerage emphasized that these views are those of individual analysts and not reflective of Mint’s stance, advising investors to consult certified experts before making investment decisions.