Q1 Earnings Watch: TCS, Tata Elxsi, IREDA Could Redefine Sector Sentiment

Image Source: Prabhudas Lilladher

India’s corporate earnings season for Q1FY26 begins today, July 10, with Tata Consultancy Services (TCS), Tata Elxsi, and Indian Renewable Energy Development Agency (IREDA) set to announce their financial results. Analysts expect a blend of cautious optimism and sector-specific headwinds.

Key estimates and expectations:

Tata Consultancy Services (TCS)

- Estimated revenue: ₹64,628 crore
- Estimated net profit: ₹12,251 crore
- EBIT margin expected to contract slightly to 24.19%
- Analysts anticipate modest constant currency growth, supported by forex gains
- Focus areas: discretionary IT spending, deal momentum, and vertical performance

Tata Elxsi

- Estimated revenue: ₹914 crore
- Estimated net profit: ₹170 crore
- EBIT margin projected at 21.2%
- Weakness expected in automotive and transportation segments
- Analysts flag broad-based softness across verticals

IREDA (Indian Renewable Energy Development Agency)

- Results expected to reflect strong momentum in green financing
- Investors watching for updates on loan disbursements and renewable project pipeline
- Performance may be buoyed by government incentives and clean energy targets

Market watchers are keenly tracking these results for cues on IT sector recovery, mid-cap resilience, and renewable energy growth. The earnings will set the tone for broader Q1 sentiment across industries.

Sources: NDTV Profit, MSN India, Economic Times, Bloomberg, Business Upturn, Moneycontrol, Upstox, Credyfi