TCS Q1 Earnings, Results: With IT major Tata Consultancy Services (TCS) has announced its quarter numbers. The Q1 profit is up 6% YoY, higher than estimates, at Rs 12,760 crore. The company has announced that its Q1 revenue came in at Rs 63,437 crore, down 3.1% YoY.
The operating margin came in at 24.5%, while the net margin was at 20.1%, up 90 bps YoY. The Q1 Total Contract Value (TCV): $9.4 billion.
K Krithivasan, Chief Executive Officer and Managing Director, said “The continued global macro-economic and geo-political uncertainties caused a demand contraction. On the positive side, all the new services grew well. We saw robust deal closures during this quarter. We remain closely connected to our customers to help them navigate the challenges impacting their business, through cost optimization, vendor consolidation and AI-led business transformation”.
The TCS board has announced an interim dividend of Rs 11 per share. The interim dividend shall be paid on Monday, August 4. The record date has been set at July 16.
TCS Q1 Results: From hiring, wage hike, deal wins to dividend, demand trends – Everything you need to know
TCS Q1 Results Live Updates: Key deals announced in Q1FY26
HDFC Securities lists key deals announced in Q1FY26
TCS Q1 Results Live Updates: JM Financial sees modest USD revenue growth, flat margins amid BSNL drag
JM Financial said that TCS is expected to record a constant currency (cc) revenue decline of 0.6 per cent, but expects a 208 basis point cross-currency benefit to drive a 1.5 per cent quarter-on-quarter growth in USD revenue. The brokerage firm projected a $50 million drop in the BSNL deal; excluding regional markets where BSNL is accounted for, it expects cc revenue growth of 0.5 per cent QoQ. “On margins, we expect revenue weakness to offset impact of lower BSNL deal, resulting in flattish margins,” it said.
TCS Q1 Results Live Updates: What will lead to drop in CC revenue growth this quarter?
TCS is expected to deliver -1.0 per cent QoQ CC revenue growth and +1.1 per cent QoQ USD decline. This, Nuvama said, will be primarily due to a ramp down in BSNL project and modest growth in developed markets with weakness in retail & manufacturing while BFSI will continue to grow. The brokerage firm said, “Margin to improve marginally by 20bp QoQ. We will watch out for an outlook on the US macro amid the tariff uncertainty and margin recovery.”
TCS Q1 Results Live Updates: Revenue is expected to decline by 0.5% QoQ, says Nomura
With TCS all set to release its fiscal first quarter results today, Nomura said that revenue is expected to decline by 0.5 per cent QoQ in cc mainly led by falling contribution from BSNL project. “Developed market business should have modest growth QoQ, in our view. We expect EBIT margin to drop 10bp QoQ despite lower contribution from margin-dilutive BSNL project due to reinvestments and lower utilisation. Deal wins should range in $7-9bn ex of any mega deal,” it said.
TCS Q1 Results Live Updates: Key monitorables
In terms of key monitorables, Kotak Institutional Equities said that investors focus on:
(1) impact of tariff uncertainty on demand across verticals with special focus on manufacturing and retail verticals,
(2) reasons for underperformance in growth in developed markets,
(3) outlook in financial services and healthcare verticals and any loss of share to insourcing at large clients,
(4) reasons for weak margin performance,
(5) impact of GCC ramp-up on growth of companies and GCC as a growth lever,
(6) pace of adoption of enterprise GenAI adoption and its deflationary impact, and
(7) levers to defend and increase margins.
TCS Q1 Result 2025 Live: How will Q1FY26 fare for India Inc?
With Q1FY26 earnings season kickstarting today, Axis Securities said, “The Q1FY26 earnings season was marked with interesting events such as 1) Geopolitical tension, 2) Volatility in Crude Prices, 3) Interest rate cuts, 4) Unseasonal Rainfall, 5) Supply chain disruptions, and 6) Improving liquidity.”
These developments, the brokerage firm said, indicate Q1FY26 earnings season is expected to exhibit a mixed trend, similar to the patterns observed in previous quarters.
TCS Q1 Result 2025 Live: TCS to release Q1FY26 results today
TCS will release its fiscal first quarter results today. The IT major had announced the date for its results announcement earlier on June 10. According to analysts, TCS is expected to report Q1FY26 profit growth in the range of 0.4- 3.1 per cent on-year and the revenue for the period is projected at around Rs 64,000 crore.
TCS Q1 Result 2025 Live: Welcome to this live blog
Greetings! The earnings season for the first quarter of FY26 is kickstarting today with Tata Consultancy Services (TCS) announcing its results today. We, at FinancialExpress.com, will keep you updated with all the details on the company’s performance amidst slow demand and Trump tariff related uncertainty. We will also bring to you all the expectations on the IT major’s performance from brokerage firms. Stay tuned.