TCS Tata Consultancy Services Q1 FY26 results (Apr–Jun 2025) and concall
Tata Consultancy Services reported a challenging Q1 FY26 with revenue declining 3.1% YoY in constant currency, impacted by global uncertainties and client-side discretionary spend cuts. Despite this, the company secured robust deal wins totaling $9.4 billion, up 13.2% YoY, and maintained strong operating and net margins at 24.5% and 20.1% respectively. Management acknowledged excess capacity and project delays but expressed confidence in the long-term demand driven by AI adoption and a healthy deal pipeline, while focusing on improving operating leverage in the coming quarters.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|
| Revenue | 53,883 | 54,136 | 52,788 |
| EBITDA | 14,727 | 14,069 | 14,757 |
| Net profit | 11,832 | 11,116 | 12,552 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
