Tata Consultancy Services LimitedTCSCorporate

Technology Information Technology Services Latest results: Sep 2026 16 quarters of data

₹2,465.00

MCap ₹891,859 Cr · P/E 17.2

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₹73,188 Cr

Sales · Sep 2026

+11.2% YoY

₹18,815 Cr

Operating Profit · Sep 2026

+4.7% YoY

25.7%

OPM % · Sep 2026

-5.9% YoY

₹13,934 Cr

Net Profit · Sep 2026

+14.9% YoY

₹38.37

EPS · Sep 2026

+15.0% YoY

📝 Tata Consultancy Services Limited — results explained

Quarter ended September 2026 (Q2 FY27)

Tata Consultancy Services Limited reported revenue of ₹73,188 crore for the quarter ended September 2026 (Q2 FY27), up 11.2% from ₹65,799 crore in the same quarter last year, and up 1.3% sequentially over the June 2026 quarter.

Net profit rose 14.9% year-on-year to ₹13,934 crore, from ₹12,131 crore. Earnings per share (EPS) came in at ₹38.37.

Operating profit stood at ₹18,815 crore — an operating margin (OPM) of 25.7%, compared with 27.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Tata Consultancy Services Limited posted revenue of ₹267,021 crore, a growth of 4.6% over FY25, with a net profit of ₹49,454 crore (up 1.3% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹283,248 crore with a net profit of ₹51,858 crore.

Valuation snapshot

At the current price of ₹2,465.00, TCS has a market capitalisation of ₹891,859 crore and a trailing P/E of about 17.2.

Within the Information Technology Services industry, it is the largest of the 19 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 71.77%, foreign institutional investors (FIIs) 9.06%, domestic institutional investors (DIIs) 13.47%, public shareholders 5.69% of Tata Consultancy Services Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹891,859 Cr

Current Price ?

₹2,465.0

P/E ?

17.20below ind

Industry P/E ?

25.00

P/B ?

7.50

P/S ?

3.15

P/FCF ?

18.58

Enterprise Value ?

₹903,667 Cr

EV/EBITDA ?

12.06

PEG ?

2.15

Earnings Yield ?

7.7%

Dividend Yield ?

2.60%

Profitability & Returns

Sales (TTM) ?

₹283,248 Cr

OPM ?

26.4%

Profit after tax (TTM) ?

₹51,858 Cr

EPS (TTM) ?

₹143.33

ROCE ?

63.0%

ROE ?

43.6%

ROA ?

27.2%

Growth

Sales — latest qtr ?

₹73,188 Cr

PAT — latest qtr ?

₹13,934 Cr

YoY qtr sales growth ?

11.2%

YoY qtr profit growth ?

14.9%

Sales growth (3y) ?

Sales growth (5y) ?

10%

Profit growth (3y) ?

Profit growth (5y) ?

Financial Health

Debt ?

₹11,808 Cr

Debt to Equity ?

0.10

Interest Coverage ?

54.5

Current Ratio ?

N/A

Ownership

Promoter holding ?

71.77%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

8.6%

Return 6 months ?

-4.5%

🗓️ Quarterly results (16 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	YoY %	QoQ %
Sales	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	+11.2%	+1.3%
Operating Profit	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	+4.7%	+1.4%
Other Income	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	+54.2%	-14.7%
Interest	160	272	163	159	230	226	173	162	234	227	195	229	538	265	273	252	+10.0%	-7.7%
Depreciation	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	-10.7%	+1.9%
Profit Before Tax	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	+16.0%	+3.9%
Net Profit	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	+14.9%	+3.8%
EPS	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	+15.0%	+4.0%
OPM %	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%	-5.9%	+0.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹255,324 Cr	₹267,021 Cr	₹283,248 Cr	+4.6%
Operating Profit	₹67,407 Cr	₹72,398 Cr	₹74,916 Cr	+7.4%
OPM %	26.40%	27.11%	26.45%	+2.7%
NPM %	19.11%	18.52%	18.31%	-3.1%
Other Income	₹3,962 Cr	₹4,402 Cr	₹4,780 Cr	+11.1%
Depreciation	₹5,242 Cr	₹5,560 Cr	₹5,287 Cr	+6.1%
Interest	₹796 Cr	₹1,227 Cr	₹1,328 Cr	+54.1%
EBIT	₹62,165 Cr	₹66,838 Cr	₹69,629 Cr	+7.5%
PBT	₹65,331 Cr	₹65,487 Cr	₹69,022 Cr	+0.2%
Tax	₹16,534 Cr	₹11,455 Cr	₹12,586 Cr	-30.7%
Net Profit	₹48,797 Cr	₹49,454 Cr	₹51,858 Cr	+1.3%
EPS	₹134.20	₹136.01	₹142.64	+1.3%
Material Cost	₹8,900 Cr	₹2,955 Cr	₹3,968 Cr	-66.8%
Employee Cost	₹145,788 Cr	₹114,851 Cr	₹122,557 Cr	-21.2%
Extraordinary Items	—	₹-4,526 Cr	₹-2,723 Cr	—

🏛️ Balance Sheet (latest 5 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026	% Chg
Equity Capital	366	362	362	362	362	+0.0%
Reserves	90,058	90,127	94,394	106,878	118,624	+11.0%
Borrowings	7,688	8,021	9,392	11,283	11,808	+4.7%
Other Liabilities	44,747	46,962	54,501	62,644	59,988	-4.2%
Total Liabilities	142,859	145,472	158,649	181,167	190,782	+5.3%
Fixed Assets	20,515	19,604	23,053	31,343	32,872	+4.9%
CWIP	1,234	1,564	1,546	2,665	2,380	-10.7%
Investments	37,163	31,762	30,964	33,988	40,840	+20.2%
Other Assets	83,947	92,542	103,086	113,171	114,690	+1.3%
Total Assets	142,859	145,472	158,649	181,167	190,782	+5.3%

📦 Working Capital (latest 1 periods)

Metric	Sep 2026	% Chg
Inventories	28	—
Trade Receivables	69,374	—
Trade Payables	15,206	—

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	41,965	44,338	48,908	52,094	+6.5%
Cash from Investing Activity	548	6,091	-2,144	-11,886	-454.4%
Cash from Financing Activity	-47,878	-48,536	-47,438	-42,133	+11.2%
Net Cash Flow	-5,365	1,893	-674	-1,925	-185.6%
Free Cash Flow	38,902	41,688	44,994	48,013	+6.7%
CFO/OP	93%	88%	96%	92%	-4.2%

💧 Half-year Cash Flow (latest 1 periods)

Metric	Sep 2026	% Chg
Cash from Operating Activity	25,801	—
Cash from Investing Activity	-9,390	—
Cash from Financing Activity	-17,775	—
Net Cash Flow	-1,364	—

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	81	81	84	93	+10.7%
Cash Conversion Cycle	81	81	84	93	+10.7%
Working Capital Days	30	34	34	38	+11.8%
ROCE %	59%	64%	65%	63%	-3.1%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	71.77%	71.77%	71.77%	71.77%	71.77%	+0.0%
FIIs	11.48%	10.33%	10.37%	9.66%	9.06%	-6.2%
DIIs	11.95%	12.64%	12.81%	13.34%	13.47%	+1.0%
Government	0.06%	0.06%	0.06%	0.06%	—	—
Public	4.77%	5.21%	4.98%	5.16%	5.69%	+10.3%
No. of Shareholders	21,64,289	23,88,232	23,32,275	24,50,090	26,05,182	+6.3%

⚖️ Peer comparison

Industry: Information Technology Services · 19 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	TCS Tata Consultancy	₹2,303.00	833,246	16.1	283,248	51,858	26.4%	18.3%	4.6%	1.3%	11.2%	14.9%
2	INFY Infosys	₹1,037.70	420,281	14.5	178,650	29,448	21.1%	16.5%	9.6%	10.2%	13.4%	21.0%
3	HCLTECH HCL Technologies	₹1,206.10	326,343	17.8	138,052	18,330	20.6%	13.3%	11.2%	-4.3%	11.5%	21.2%
4	WIPRO Wipro	₹166.89	165,105	13.0	97,023	13,223	19.3%	13.6%	4.0%	0.4%	9.1%	-1.9%
5	TECHM Tech Mahindra	₹1,614.00	142,984	26.5	61,361	5,571	17.2%	9.1%	7.2%	13.0%	15.6%	34.0%
6	LTM LTM	₹4,275.00	126,737	26.2	43,594	4,844	17.7%	11.1%	11.0%	11.0%	13.1%	-2.5%
7	PERSISTENT Persistent Systems	₹5,516.00	86,177	44.9	15,718	1,923	18.3%	12.2%	23.5%	33.2%	29.1%	13.7%
8	COFORGE Coforge	₹1,846.50	81,796	40.2	18,196	1,920	18.7%	10.6%	34.2%	86.6%	49.8%	49.4%
9	MPHASIS Mphasis	₹2,295.00	43,793	22.9	16,532	1,911	18.6%	11.6%	11.6%	9.5%	17.5%	10.7%
10	LTTS L&T Technology	₹3,350.00	35,539	26.9	11,701	1,322	17.7%	11.3%	9.0%	1.4%	2.6%	13.0%
11	TATATECH Tata Technologies	₹765.60	31,087	55.2	6,301	563	15.6%	8.9%	6.5%	-19.3%	28.4%	3.6%
12	REDINGTON Redington	₹394.20	30,818	19.0	128,133	1,505	2.0%	1.2%	20.0%	-29.5%	34.6%	94.6%
13	HEXT Hexaware Technologies	₹497.00	30,307	22.5	14,420	1,344	15.0%	9.3%	—	—	17.9%	-13.0%
14	ESDS ESDS Software	₹1,672.50	19,604	—	—	—	—	—	—	—	6.9%	12.6%
15	CAMS Computer Age	₹725.20	18,007	—	—	—	—	—	—	—	12.1%	17.6%
16	ECLERX eClerx Services	₹1,899.90	17,484	24.4	4,334	729	25.3%	16.8%	22.3%	30.6%	23.2%	15.7%
17	FSL Firstsource Solutions	₹248.75	17,177	25.8	10,066	671	16.5%	6.7%	20.0%	13.3%	22.9%	-1.8%
18	ZENSARTECH Zensar Technologies	₹434.15	9,846	12.7	5,810	777	16.0%	13.4%	7.7%	19.2%	8.9%	1.0%
19	XTRANET Xtranet Technologies	₹331.24	1,732	—	—	—	—	—	—	—	10.5%	78.1%

❓ Frequently asked questions

What was Tata Consultancy Services Limited's revenue in Q2 FY27?

What was Tata Consultancy Services Limited's net profit in Q2 FY27?