Tata Consultancy Services Q2 results, quarter to Sep 2026

NSE: TCSBSE: 532540IT - SoftwareLarge Cap

Tata Consultancy Services Limited · Face value ₹1 · Listed Aug 2004

₹2,496.90₹38.10 (1.50%)BSE ₹2,500.00

Share price at the NSE close on 27 Oct 2026. Previous close ₹2,535.00.

27 Oct: open ₹2,514.10, high ₹2,534.90, low ₹2,465.40

52-week range of traded prices to 27 Oct 2026

₹1,976.80Low, 1 Jul 2026₹3,350.00High, 3 Feb 2026

Market cap: ₹9,03,400 Cr6th largest listed
P/E: 17.51
P/B: 7.59
Dividend yield: 4.49%
ROE: 45.8%
ROCE: 58.0%
Debt to equity: 0.00
Volume, NSE: 43,37,08156.6% delivered

Tata Consultancy Services filed its Q2 results for the quarter to Sep 2026 on 8 Oct 2026 at 10:05 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Tata Consultancy Services annual results and balance sheet

Revenue: ₹73,188 Cr+11.2% on a year ago · +1.3% on the quarter before
Operating profit: ₹18,815 Cr+4.7% on a year ago · +1.4% on the quarter before
Net profit: ₹13,934 Cr+14.9% on a year ago · +3.8% on the quarter before
Earnings per share: ₹38.37+15.0% on a year ago · +4.0% on the quarter before
Operating margin: 25.7%
Net margin: 19.0%

From revenue to net profit, ₹ crore

Revenue73,188
Employee costs−41,890
Other expenses−12,483
Operating profit18,815
Depreciation−1,262
Other income+1,337
Finance costs−252
Profit before tax18,638
Tax−4,704
Net profit13,934

Tata Consultancy Services results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹73,188 Cr, quarter to Sep 2026; lowest ₹60,583 Cr, quarter to Dec 2023

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 12 Jul	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3Filed 9 Jan	Mar 2025Q4	Jun 2025Q1	Sep 2025Q2Filed 9 Oct	Dec 2025Q3Filed 12 Jan	Mar 2026Q4Filed 9 Apr	Jun 2026Q1Filed 9 Jul	Sep 2026Q2Filed 8 Oct
Revenue from operations	48,885	50,591	52,758	55,309	58,229	59,162	59,381	59,692	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087	70,698	72,275	73,188
	35,452	36,746	39,342	40,793	42,676	43,388	44,383	43,946	44,195	44,073	45,951	47,528	46,939	47,499	46,562	47,821	48,818	51,422	53,719	54,373
Materials and goods bought	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Employee costs	27,168	28,353	30,327	31,041	32,467	33,687	35,148	35,123	34,722	35,138	36,416	36,654	35,956	36,762	37,715	38,606	38,530	40,143	42,137	41,890
Other expenses	8,284	8,393	9,015	9,752	10,209	9,701	9,235	8,823	9,473	8,935	9,535	10,874	10,983	10,737	8,847	9,215	10,288	11,279	11,582	12,483
Operating profit before depreciation	13,433	13,845	13,416	14,516	15,553	15,774	14,998	15,746	16,388	17,164	16,662	16,731	17,034	16,980	16,875	17,978	18,269	19,276	18,556	18,815
Operating margin	27.5%	27.4%	25.4%	26.2%	26.7%	26.7%	25.3%	26.4%	27.1%	28.0%	26.6%	26.0%	26.6%	26.3%	26.6%	27.3%	27.2%	27.3%	25.7%	25.7%
Depreciation and amortisation	1,196	1,217	1,230	1,237	1,269	1,286	1,243	1,263	1,233	1,246	1,220	1,266	1,377	1,379	1,361	1,413	1,380	1,406	1,239	1,262
Other income	1,205	981	789	965	520	1,175	1,397	1,006	862	1,157	962	729	1,243	1,028	1,660	867	1,118	757	1,568	1,337
Finance costs	251	245	199	148	160	272	163	159	230	226	173	162	234	227	195	229	538	265	273	252
Profit before one-off items and tax	13,191	13,364	12,776	14,096	14,644	15,391	14,989	15,330	15,787	16,849	16,231	16,032	16,666	16,402	16,979	17,203	17,469	18,362	18,612	18,638
One-off items	0	0	0	0	0	0	0	0	−958	0	0	0	0	0	0	−1,135	−3,391	0	−668	0
Profit before tax	13,191	13,364	12,776	14,096	14,644	15,391	14,989	15,330	14,829	16,849	16,231	16,032	16,666	16,402	16,979	16,068	14,078	18,362	17,944	18,638
	3,385	3,405	3,257	3,631	3,761	3,955	3,869	3,950	3,732	4,347	4,126	4,077	4,222	4,109	4,160	3,937	3,358	4,578	4,524	4,704
Current tax	3,523	3,590	3,287	3,571	3,820	4,079	3,868	3,955	3,633	4,408	4,290	4,078	4,217	4,325	4,163	3,969	3,424	4,832	4,722	4,723
Deferred tax	−138	−185	−30	60	−59	−124	1	−5	99	−61	−164	−1	5	−216	−3	−32	−66	−254	−198	−19
Tax rate	25.7%	25.5%	25.5%	25.8%	25.7%	25.7%	25.8%	25.8%	25.2%	25.8%	25.4%	25.4%	25.3%	25.1%	24.5%	24.5%	23.9%	24.9%	25.2%	25.2%
	9,806	9,959	9,519	10,465	10,883	11,436	11,120	11,380	11,097	12,502	12,105	11,955	12,444	12,293	12,819	12,131	10,720	13,784	13,420	13,934
Belonging to the company's shareholders	9,769	9,926	9,478	10,431	10,846	11,392	11,074	11,342	11,058	12,434	12,040	11,909	12,380	12,224	12,760	12,075	10,657	13,718	13,349	13,884
Belonging to outside owners of subsidiaries	37	33	41	34	37	44	46	38	39	68	65	46	64	69	59	56	63	66	71	50
Other comprehensive income	−251	126	−726	73	806	339	80	−218	637	−262	−214	1,061	−820	562	1,281	420	388	661	253	−163
Total comprehensive income	9,555	10,085	8,793	10,538	11,689	11,775	11,200	11,162	11,734	12,240	11,891	13,016	11,624	12,855	14,100	12,551	11,108	14,445	13,673	13,771
Net margin	20.1%	19.7%	18.0%	18.9%	18.7%	19.3%	18.7%	19.1%	18.3%	20.4%	19.3%	18.6%	19.5%	19.1%	20.2%	18.4%	16.0%	19.5%	18.6%	19.0%
Earnings per share	₹26.41	₹26.85	₹25.90	₹28.51	₹29.64	₹31.14	₹30.26	₹31.00	₹30.29	₹34.37	₹33.28	₹32.92	₹34.21	₹33.79	₹35.27	₹33.37	₹29.45	₹37.92	₹36.90	₹38.37

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.Tata Consultancy Services segment results by year

Banking, Financial Services and Insurance
Revenue, ₹ crore
22,667
22,759
23,074
23,785
23,481
24,257
24,736
25,717
25,889
27,021
27,990
28,882
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
5,951
6,305
6,011
6,345
6,403
6,375
6,216
6,818
6,861
7,117
7,177
7,351
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Consumer Business
Revenue, ₹ crore
9,817
9,891
9,991
10,025
10,035
10,146
10,155
10,351
10,581
11,345
11,146
11,137
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
2,583
2,719
2,627
2,695
2,971
2,929
2,799
2,868
3,089
3,334
3,308
3,316
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Communication, Media and Technology
Revenue, ₹ crore
9,932
10,291
10,794
12,088
11,989
11,022
9,436
9,802
9,902
10,334
10,614
10,862
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
2,833
2,669
2,459
2,357
2,390
2,376
2,655
2,833
2,913
3,072
2,845
2,913
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Life Sciences and Healthcare
Revenue, ₹ crore
6,726
6,758
6,909
6,630
6,426
6,491
6,422
6,884
7,068
7,371
7,429
7,589
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
1,926
2,067
2,092
1,849
1,816
1,691
1,574
1,891
1,982
2,056
1,834
1,918
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Others
Revenue, ₹ crore
5,510
5,401
5,574
5,421
5,848
6,168
6,287
6,414
7,067
7,625
7,986
7,372
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
1,226
1,304
1,383
1,422
1,412
1,579
1,633
1,547
1,514
1,575
1,409
1,273
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Manufacturing
Revenue, ₹ crore
5,931
6,137
6,271
6,310
6,194
6,395
6,401
6,631
6,580
7,002
7,110
7,346
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
1,869
2,100
2,090
2,063
2,042
2,029
1,998
2,021
1,910
2,122
1,983
2,044
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

₹ crore	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue of all businesses	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087	70,698	72,275	73,188
Company revenue, as in its results	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087	70,698	72,275	73,188
Revenue	22,667	22,759	23,074	23,785	23,481	24,257	24,736	25,717	25,889	27,021	27,990	28,882
Revenue growth	2.4%	0.6%	1.8%	4.1%	3.6%	6.6%	7.2%	8.1%	10.3%	11.4%	13.2%	12.3%
Profit	5,951	6,305	6,011	6,345	6,403	6,375	6,216	6,818	6,861	7,117	7,177	7,351
Profit growth	1.8%	7.4%	10.2%	8.3%	7.6%	1.1%	3.4%	7.5%	7.2%	11.6%	15.5%	7.8%
Margin	26.3%	27.7%	26.1%	26.7%	27.3%	26.3%	25.1%	26.5%	26.5%	26.3%	25.6%	25.5%
Revenue	9,817	9,891	9,991	10,025	10,035	10,146	10,155	10,351	10,581	11,345	11,146	11,137
Revenue growth	1.6%	1.2%	1.2%	2.6%	2.2%	2.6%	1.6%	3.3%	5.4%	11.8%	9.8%	7.6%
Profit	2,583	2,719	2,627	2,695	2,971	2,929	2,799	2,868	3,089	3,334	3,308	3,316
Profit growth	2.5%	5.6%	6.5%	8.5%	15.0%	7.7%	6.5%	6.4%	4.0%	13.8%	18.2%	15.6%
Margin	26.3%	27.5%	26.3%	26.9%	29.6%	28.9%	27.6%	27.7%	29.2%	29.4%	29.7%	29.8%
Revenue	9,932	10,291	10,794	12,088	11,989	11,022	9,436	9,802	9,902	10,334	10,614	10,862
Revenue growth	1.8%	6.1%	12.5%	26.3%	20.7%	7.1%	−12.6%	−18.9%	−17.4%	−6.2%	12.5%	10.8%
Profit	2,833	2,669	2,459	2,357	2,390	2,376	2,655	2,833	2,913	3,072	2,845	2,913
Profit growth	1.3%	−7.6%	−8.1%	−13.9%	−15.6%	−11.0%	8.0%	20.2%	21.9%	29.3%	7.2%	2.8%
Margin	28.5%	25.9%	22.8%	19.5%	19.9%	21.6%	28.1%	28.9%	29.4%	29.7%	26.8%	26.8%
Revenue	6,726	6,758	6,909	6,630	6,426	6,491	6,422	6,884	7,068	7,371	7,429	7,589
Revenue growth	5.9%	2.6%	4.1%	0.1%	−4.5%	−4.0%	−7.0%	3.8%	10.0%	13.6%	15.7%	10.2%
Profit	1,926	2,067	2,092	1,849	1,816	1,691	1,574	1,891	1,982	2,056	1,834	1,918
Profit growth	9.0%	12.9%	17.5%	0.7%	−5.7%	−18.2%	−24.8%	2.3%	9.1%	21.6%	16.5%	1.4%
Margin	28.6%	30.6%	30.3%	27.9%	28.3%	26.1%	24.5%	27.5%	28.0%	27.9%	24.7%	25.3%
Revenue	5,510	5,401	5,574	5,421	5,848	6,168	6,287	6,414	7,067	7,625	7,986	7,372
Revenue growth	12.7%	9.6%	12.0%	6.4%	6.1%	14.2%	12.8%	18.3%	20.8%	23.6%	27.0%	14.9%
Profit	1,226	1,304	1,383	1,422	1,412	1,579	1,633	1,547	1,514	1,575	1,409	1,273
Profit growth	7.5%	19.9%	38.7%	24.1%	15.2%	21.1%	18.1%	8.8%	7.2%	−0.3%	−13.7%	−17.7%
Margin	22.3%	24.1%	24.8%	26.2%	24.1%	25.6%	26.0%	24.1%	21.4%	20.7%	17.6%	17.3%
Revenue	5,931	6,137	6,271	6,310	6,194	6,395	6,401	6,631	6,580	7,002	7,110	7,346
Revenue growth	9.3%	10.6%	11.3%	9.0%	4.4%	4.2%	2.1%	5.1%	6.2%	9.5%	11.1%	10.8%
Profit	1,869	2,100	2,090	2,063	2,042	2,029	1,998	2,021	1,910	2,122	1,983	2,044
Profit growth	26.2%	38.0%	29.1%	22.8%	9.3%	−3.4%	−4.4%	−2.0%	−6.5%	4.6%	−0.8%	1.1%
Margin	31.5%	34.2%	33.3%	32.7%	33.0%	31.7%	31.2%	30.5%	29.0%	30.3%	27.9%	27.8%

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

Tata Consultancy Services results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Banking, Financial Services and Insurance

Consumer Business

Communication, Media and Technology

Life Sciences and Healthcare

Others

Manufacturing