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Tata Consultancy Services share price & results

Tata Consultancy Services Limited· Information Technology

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Jun 2026

India's largest IT services firm, delivering software, consulting and BPO from ~200 centres worldwide.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue60,441 ₹ crore+10.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin27.0 %−2.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit14,104 ₹ crore+19.2% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity45.93 %−0.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin17.98 %+0.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)9.92 %−1.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 7 judged targets kept · 6 open · verdicts reflect calls analysed to Q2 FY27.

Tata Consultancy Services Limited management guidance track record on Inve: 13 targets tracked across analysed earnings calls (3 achieved, 4 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Margin Impact from Wage HikesWage hike impact on margins to be in the range of 150 to 200 basis points in Q1 FY27
Call transcript, Q4 FY26 · 9 Apr 2026		Q4 FY26Q2 FY27:Q1 FY27 OPM was 24.0%, a 130 bps decline from Q4 FY26's 25.3%. This is less than the guided impact of 150-200 bps.
Call transcript, Q2 FY27 · 8 Oct 2026		Achieved
Manufacturing Sector GrowthManufacturing sector to bottom out in Q4 FY25 and revive subsequently
Call transcript, Q3 FY25 · 9 Jan 2025		Q3 FY25Q2 FY27:The original promise from Q3 FY25 remains unaddressed.
Call transcript, Q2 FY27 · 8 Oct 2026		Ghosted
Employee Cost as % of RevenueBring employee cost as a percentage of revenue downwards from 47%
Call transcript, Q1 FY26 · 10 Jul 2025		Q1 FY26Q2 FY27:Gross margin was impacted by increased subcontracting and third-party expenses. Operating margin declined to 24%, indicating cost pressures are mounting, putting the downward trajectory of employee cost % at risk.
Call transcript, Q2 FY27 · 8 Oct 2026		At Risk

Source: Inve Guidance Tracker for Tata Consultancy Services Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Tata Consultancy Services Limited's 13 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 10 more targets are in the full ledger.

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Price

₹2,496.9 −1.50% · −₹38.1

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −18.5% 1Y

₹2.0k₹2.5k₹3.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 12 Jan 2026Q4 FY26 — 9 Apr 2026Q2 FY27 — 8 Oct 2026

1Y: ₹3,063.2 on 24 Oct 2025 → ₹2,496.9. High ₹3,324.9 (22 Dec 2025), low ₹1,982.6 (1 Jul 2026).

Previous close
₹2,535
Market cap
₹8.5L Cr
52-week range
₹1,982.6 – ₹3,324.9
One year
−19.06%
Price to earnings (TTM to Sept 2026)
15.58×
Return on equity (TTM to Sept 2026)
45.93%

Overview

Symbol
NSE:TCS
Exchange
NSE
Currency
INR

What Tata Consultancy Services Limited does

Based on the company's own presentations, annual report and earnings calls.

Tata Consultancy Services is an IT services, consulting and business-solutions company that helps global enterprises run and modernise their technology. It earns by delivering application development and maintenance, cloud and infrastructure services, consulting, and increasingly AI-led transformation, largely through multi-year contracts staffed from a global delivery network. Work is organised around industry verticals such as BFSI, Consumer Business and Manufacturing, and it also licenses proprietary software platforms. It operates across 55 countries and roughly 200 service delivery centres.

Segments

  • BFSI
  • Consumer Business
  • Life Sciences & Healthcare
  • Manufacturing
  • Technology & Services
  • Communication & Media
  • Energy, Resources and Utilities
  • Regional Markets & Others
Global headcount
584,519
Service delivery centres worldwide
~200
Countries of operation
55
Active clients over $1M revenue
1,397
Active clients over $100M revenue
66
Nationalities in workforce
149
Founded 1968Headquarters Mumbai, IndiaEmployees 5,84,519 (Q4 FY26) Company website

How the price took the results

close before → close after

Q2 FY27
−0.2%
8 Oct
Q4 FY26
+1.2%
9 Apr
Q3 FY26
+1.0%
12 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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