TCS Q1 Results LIVE: TCS set to announce Q1 FY27 earnings today; IT sector, Street outlook in focus

TCS Q1 Results today LIVE: Stay tuned for live updates as Tata Consultancy Services announces its Q1 FY27 earnings. Follow the latest earnings announcements from Anand Rathi Wealth, GM Breweries, Eimco Elecon (India), Supreme Infrastructure India, Cupid Breweries and Distilleries, Asian Hotels (East), Arunjyoti Bio Ventures, Gujarat Hotels, and Mono Pharmacare, along with expert commentary and market reaction.

Indian corporates face skyrocketing AI coding costs, tripling developer salaries, raising concerns about budget overruns and cost management.

Brokerage firms expect Tata Consultancy Services (TCS) to report a decline in margins in the first quarter of FY27 along with largely flat revenue growth.

Brokerages continue to remain cautious on the Indian IT sector amid an evolving global technology spending environment.

HSBC said Indian IT companies would benefit if the global artificial intelligence investment cycle remains strong, while cautioning that any moderation in AI spending or the broader AI narrative could weigh on incremental business opportunities. The brokerage also noted that technology-led deflation remains a key challenge for the sector, though current valuations are at relatively low levels.

Separately, JPMorgan expects Q1 FY27 earnings to be supported by revenue growth despite temporary margin pressure from elevated raw material costs across sectors. The brokerage expects small- and mid-cap companies to continue delivering stronger earnings growth than large caps and projects MSCI India earnings growth of 11 per cent and 13 per cent for CY26 and CY27, respectively.

Investors awaited Tata Consultancy Services’ Q1 FY27 earnings, widely seen as the unofficial start of the corporate earnings season.

Besides TCS, investors will also track quarterly results from Anand Rathi Wealth, GM Breweries, Eimco Elecon (India), Supreme Infrastructure India, Cupid Breweries and Distilleries, Asian Hotels (East), Arunjyoti Bio Ventures, Gujarat Hotels, and Mono Pharmacare through the day.