# Q2 FY25 Results: Tata Elxsi, TCS, IREDA, GM Breweries, and Other Key Companies to Report Earnings Today

URL: https://technosports.co.in/q2-fy25-results-tata-elxsi-tcs-and-more/  
Published: 2024-10-10  
Updated: 2024-10-10  
Author: Reetam Bodhak

**Tata Elxsi, TCS, IREDA, GM Breweries, and More**

The earnings season is heating up, and several companies are set to release their **Q2 FY25** financial results today, **October 10, 2024**. Among the key players are **Tata Consultancy Services ([TCS](https://www.tcs.com/))**, **Tata Elxsi**, **Indian Renewable Energy Development Agency (IREDA)**, **Arkade Developers**, and **GM Breweries**. These companies will provide insight into their performance for the **July-September** quarter.

### **Q2 FY25 Results: Companies to Watch**

1. **Tata Consultancy Services (TCS)**
2. **Tata Elxsi**
3. **IREDA**
4. **Arkade Developers**
5. **GM Breweries**
6. **Anand Rathi Wealth**
7. **Ashoka Metcast**
8. **Den Networks**
9. **Hathway Bhawani Cabletel & Datacom Ltd**
10. **Infomedia Press**
11. **NB Footwear**
12. **Reliance Naval and Engineering**

![](https://technosports.co.in/wp-content/uploads/2024/10/t65-1024x576.jpg)

### **TCS Q2 Results Preview: Expectations for India’s IT Giant**

**Tata Consultancy Services (TCS)**, India’s largest IT services provider, will report its Q2 FY25 results today. Investors are eager to see how the company has performed during the July-September period, especially in terms of revenue growth, profit margins, and deal wins.

**Revenue Outlook:**  
TCS is expected to report revenues in the range of **₹63,938 to ₹64,172 crore**, with **1.3% to 2.1%** growth quarter-on-quarter (QoQ) and **6-7%** year-on-year (YoY). This is in line with single-digit growth expectations for the IT industry, driven by strong demand in digital services, cloud computing, and **Generative AI (Gen AI)** projects.

**Net Profit Projections:**  
Experts predict TCS’s net profit will rise by **3-4% QoQ** and **9-10% YoY**, ranging between **₹12,000 to ₹12,450 crore**. Investors will closely monitor profit margins, which are expected to remain between **24.2% to 25.1%**. This is slightly lower than previous quarters, owing to investments in talent development and technology upskilling.

**Key Metrics to Watch:**

1. **Revenue Growth:** Investors will focus on TCS’s revenue growth as a bellwether for the broader IT industry. TCS started FY25 with a strong **5.4% YoY** revenue growth in Q1, and similar trends are expected in Q2.
2. **Management Commentary:** Investors will be keen on management’s commentary about the demand environment in key markets like the **US** and **UK**. The company’s stance on **demand recovery** and **Generative AI projects** will be closely watched, particularly after rival **Accenture** reported strong gains from AI-driven projects.
3. **Deals Pipeline and Client Acquisitions:**   TCS’s new deals and client additions will also be under scrutiny. While the ongoing **BSNL deal** is likely to contribute to revenue, investors are keen on updates regarding new deals. In Q1 FY25, TCS added three new clients in the **$100 million-plus** revenue band and several others in the **$50 million-plus** and **$20 million-plus** categories.
4. **Attrition and Hiring:**   TCS’s **attrition rate** and hiring plans will be important metrics to assess. The company’s attrition rate dropped to **12.1%** in Q1 FY25, and the firm had committed to honoring all job offers. However, with ongoing global uncertainty, it remains to be seen if there will be any changes in hiring strategies.

### **TCS Shares Ahead of Q2 Results**

TCS shares have been performing well in the lead-up to its Q2 results. As of **9:20 AM on October 10**, TCS shares were trading at **₹4,268 per share**, up **0.46%** on the **NSE**. Investors are clearly optimistic about the IT giant’s performance, and a strong Q2 report could further boost confidence in the stock.

![](https://technosports.co.in/wp-content/uploads/2024/10/images-6.jpg)

### **Other Notable Companies Reporting Q2 FY25 Results**

1. **Tata Elxsi:**   The system software company is expected to post stable growth for Q2 FY25. Known for its expertise in **design-led technology services**, Tata Elxsi’s focus on digital transformation and AI could positively influence its revenue growth.
2. **Indian Renewable Energy Development Agency (IREDA):**   As a state-run firm focused on financing renewable energy projects, IREDA is likely to showcase growth in financing renewable energy ventures, particularly given the government’s emphasis on **green energy**.
3. **GM Breweries:**   The liquor manufacturer is expected to report steady sales, driven by festival season demand and higher consumption trends in India.
4. **Arkade Developers:**   As a real estate firm, Arkade Developers could see positive momentum in its Q2 results, particularly as the **Indian real estate market** continues to grow, with increasing demand for both commercial and residential properties.

![](https://technosports.co.in/wp-content/uploads/2024/10/tcs-1024x768.jpg)

### **TCS to Set Up IT Facility in Andhra Pradesh**

In another key development, **Nara Lokesh**, Andhra Pradesh’s state IT minister, announced that **TCS** will set up a new **IT facility** in **Vizag**, which will house around **10,000 employees**. Lokesh highlighted the state’s commitment to creating an **investment-friendly environment**, positioning **Andhra Pradesh** as a leading state for business in India. This move could further enhance TCS’s presence in the region and contribute to its long-term growth strategy.

As the earnings season kicks off, all eyes are on **TCS**, along with other key companies, to set the tone for **Q2 FY25** results. With growth in revenue, strong client additions, and new deals, TCS is expected to maintain its leadership in the Indian IT sector. Meanwhile, companies like **Tata Elxsi**, **IREDA**, and **GM Breweries** are also expected to show steady performance, reflecting the diverse growth across industries.

With markets showing optimism, today’s results will provide critical insights into the performance of India’s top companies and could shape investor sentiment for the rest of the financial year.

**Read More:** **[Nifty and Sensex Open Higher, Realty and Metal Stocks Lead Gains; Tata Share Price Q2 Earnings in Focus](https://technosports.co.in/nifty-and-sensex-stocks-tata-share-price-q2/)**

## **FAQs**

### ***What’s Tata Share price Today?***

*Tata Steel- Rs. 160.17*  
*TCS- Rs. 4,256.45*