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Q1 Results This Week: TCS, DMart, Tata Elxsi, Aditya Birla Money to Kick Off Earnings Season — Full Calendar Inside

  • 7th July 2025
  • 06:00:00 PM
  • 4 min read
PL Capital

Mumbai | July 7 – The Indian corporate earnings season for Q1FY26 is officially underway. Starting this week, a host of companies across IT, retail, financials, and manufacturing will release their April–June quarter numbers, offering a pulse check on India Inc.’s post-election business momentum.

Tata Consultancy Services (TCS), the country’s largest software exporter, will headline the Q1 earnings list, followed closely by Avenue Supermarts (DMart), Tata Elxsi, Aditya Birla Money, and Anand Rathi Wealth. The results will help decode whether demand stayed resilient amid global uncertainties and domestic macro tailwinds.

TCS to Set the Tone for Q1FY26

TCS will be the first Nifty 50 company to release its Q1FY26 results on Thursday, July 10. In an exchange filing, the IT major said its board will meet to approve standalone and consolidated financial results for the June quarter.

An interim dividend may also be declared, with July 16 set as the record date. TCS’ earnings are expected to reflect a muted revenue performance, thanks to continued demand slowdown in BFSI and retail verticals in the US and Europe. Analysts are watching closely for commentary on deal wins, hiring outlook, and margin trends.

Retail, Wealth, and Midcap IT in Focus

The spotlight then shifts to Avenue Supermarts (DMart), which will report earnings on July 11. The retailer’s performance is seen as a proxy for discretionary spending and urban consumption. Key metrics to track: same-store sales growth, gross margins, and operating leverage.

Tata Elxsi, also reporting on July 10, is expected to fare better than its large-cap tech peers. The design-tech firm, known for its exposure to auto and healthcare verticals, could see steady revenue growth and stable margins.

Among financial names, Aditya Birla Money and Anand Rathi Wealth will unveil their numbers on July 11 and July 10, respectively. With equity markets riding high, wealth managers and brokerage firms are likely to benefit from increased SIP inflows and higher AUM growth.

Day-Wise Q1FY26 Results Calendar: Key Companies to Watch

Here’s a breakdown of the earnings schedule this week:

 July 7 (Monday)

  • Siemens Energy India
  • Arihant Capital Markets
  • Umiya Tubes
  • Nectar Lifesciences

July 8 (Tuesday)

  • 5Paisa Capital
  • Umiya Buildcon
  • Delta Industrial Resources

July 9 (Wednesday)

  • Bodhtree Consulting
  • Gujarat Hotels
  • Burnpur Cement

July 10 (Thursday)

  • TCS
  • Tata Elxsi
  • Anand Rathi Wealth
  • GTPL Hathway
  • International Travel House

July 11 (Friday)

  • Avenue Supermarts (DMart)
  • Aditya Birla Money
  • Nath Bio-Genes
  • Elecon Engineering
  • Swarna Securities

What to Expect from Q1FY26 Earnings Season

  • IT Sector: Sluggish top-line for Tier-I firms like TCS and Infosys. Tier-II IT (Tata Elxsi, L&T Tech) may outperform on margins and deal pipeline momentum.
  • Retail: DMart’s results will be closely watched for signs of rural demand recovery and any inventory cost pressure.
  • Financial Services: Wealth and broking platforms may report healthy earnings on the back of robust capital markets.
  • Dividend Watch: Alongside results, companies like TCS may announce interim dividends, adding to investor interest.

Upcoming Q1 Announcements – Who’s Next?

The earnings wave will gather pace over the next two weeks. Here are some big dates to bookmark:

  • July 14: HCL Technologies, Tata Technologies
  • July 15: HDFC Life, ICICI Prudential, ICICI Lombard
  • July 16: Tech Mahindra
  • July 17: Axis Bank, LTI Mindtree
  • July 18: JSW Steel (Q2 results)
  • July 19: HDFC Bank, ICICI Bank
  • July 23: Infosys
  • July 24: Bajaj Finance, Nestle India

Bottomline

With the Nifty and Sensex hovering near record highs, the Q1FY26 results will serve as a fundamental litmus test. For IT, margin resilience matters more than revenue growth. For retail, pricing power and cost efficiency will be key. And for financials, fee income and asset quality will take centerstage.

Early results this week will shape earnings sentiment across sectors. For investors, this is the moment to listen closely—not just to what the numbers say, but how companies talk about the quarters ahead.

PL Capital

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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