Tata Consultancy Services (TCS), India’s leading IT services giant, will declare its Q1 FY2025 results today, July 10, 2025. The company’s board of directors is also set to consider the first interim dividend for FY2025-26. As a result, TCS share price will remain under investor scrutiny during Thursday’s trading session.
According to analysts, modest performance is expected in this quarter due to global macroeconomic concerns, tariff uncertainties, and cautious client spending in select sectors.
Sectoral Drivers & Risks
Seema Srivastava, Senior Research Analyst at SMC Global Securities, outlined that the BFSI and energy sectors will likely drive revenue growth, while sectors like healthcare may underperform due to conservative IT spending.
Key headwinds include:
- Geopolitical uncertainty, especially potential US tariff escalations under a Trump-led administration.
- US-China tensions, impacting global delivery and cost structures.
- H-1B visa policy constraints, which may hinder talent mobility and margins for Indian IT firms.
Despite these challenges, TCS’s strong deal pipeline and BFSI exposure offer some buffer. Srivastava emphasized that management commentary on GenAI adoption and FY26 guidance will be pivotal for long-term investor sentiment.
TCS Share Price: Technical Outlook
Ganesh Dongre, Senior Technical Analyst at Anand Rathi, shared insights on the technical setup of TCS stock:
- TCS is trading below its 200-day EMA (₹3,700), indicating bearish undertones.
- The stock is range-bound between ₹3,150 to ₹3,600, consolidating for the past few weeks.
- A decisive breakout above or below this range will determine the next trend direction.
“₹3,600 remains a key resistance, and ₹3,150 acts as strong support. A move beyond this channel may trigger a strong trend either way,” Dongre added.
Recap of Previous Quarter (Q4 FY25)
In the March 2025 quarter, TCS reported:
- Consolidated PAT of ₹12,224 crore (down 1.7% YoY)
- Revenue from operations at ₹64,479 crore (up 5.3% YoY)
- Final dividend declared for FY2024-25
- Crossed the $30 billion annual revenue milestone
This performance, though moderate, reinforced TCS’s long-term resilience, supported by a healthy order book and continued deal momentum.
What Investors Should Watch
- Q1 FY2025 earnings and margins
- Interim dividend announcement
- Commentary on GenAI-led growth
- FY26 business outlook
- Reactions to US policy risks (H-1B, tariffs, elections)
All eyes are now on how TCS navigates global headwinds while leveraging its domain leadership and client base in BFSI and energy.
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