TCS Q2 Results FY25-26 LIVE Updates: Tata Consultancy Services (TCS) has announced its numbers. The results beat estimates. The Q2 net profit came in 1.3% higher at Rs 12,075 crore Vs Rs 11,909 crore in the same quarter last year. The company has announced an interim dividend of Rs 11 per share. Revenue has come in at Rs 65,799 crore, up 3.7% Quarter-on-Quarter, and in constant currency terms, revenue is at 0.8%.
| TCS Q2FY26 | Key details |
| Net Profit | Rs 12,075 crore (better than estimates) |
| Revenue | Rs 65,799 crore (higher than estimates) |
| EBIT margin | 24.76% |
| Interim Dividend | Rs 11/share (Record date- Oct 15) |
The TCS CEO K Krithivasan speaking on the performance said, “Our journey is anchored in bold transformation across talent, infrastructure, ecosystem partnerships and customer value. The investments, including the building of a world-class AI infrastructure business, demonstrate our commitment to this transformation.”
TCS Q1 FY26 revenue rose 1.3% YoY
In its first quarter for FY26, TCS reported a consolidated revenue of Rs 63,437 crore, marking a 1.3% year-on-year (YoY) increase in rupee terms, but a 1.1% decline in US dollar terms to $7.42 billion. In constant currency (CC) terms, revenue was down 3.1% YoY.
TCS closed the quarter with a workforce of 6.13 lakh employees, with attrition at 13.8%.
TCS Q2 Earnings LIVE, TCS Q2FY26 Results, Share Price LIVE Updates:
TCS Q2 Results LIVE Updates: Equirus expects steady TCV, 0.6% QoQ revenue growth
Equirus securities expects other income to dip this quarter while TCV to be stead. “We expect steady deal TCV QoQ with one mega deal win announced by TCS in the second quarter. We expect other income to dip QoQ given one time income in the first Quarter.”
“US dollar revenue is expected to grow quarter-on-quarter by 0.6% in constant currency terms; tepid growth is largely due to expected growth softness in international markets. We expect EBIT margins to improve by 47 basis largely led by INR/US$ depreciation which will help compensate headwinds from wage hikes effective from Sepetmeber 1, 2025 for junior staff and ongoing investments.”
The report noted that their estimates exclude severance/restructuring cost likely effective from 2QFY26E.
Key factors to monitor include
a) Deal TCV/pipeline
b) Outlook on business verticals
c) H1B visa impact
d) BSNL advance purchase order deal
Axis Securities Equity Research said, “We expect TCS to report 3.5% QoQ topline growth driven by BFSI, Hi-tech, and cross-currency tailwinds. EBIT margin is likely to decline by 21 bps during the quarter due to wage hikes, higher investments, and lower utilisation.”
TCS Q2 Results LIVE Updates: Elara Capital sees 20 bps margin dip on wage hike
Elara Capital said, “We expect TCS to report a 20 bps QoQ contraction in margin due to the impact of one month of wage hikes and lower utilization. In Q1, other income included a one-time tax refund, which is non-recurring and will impact profitability sequentially.”
TCS had announced an annual salary hike of about 4.5–7%, with exceptional performers receiving double-digit raises of at least 10%, effective from September this year.
Nuvama said they expect india business to remain flat, “We expect TCS to deliver 0.2% quarter-on-quarter revenue growth in constant currency and US dollar terms. India business to remain flat with the BSNL deal ramp down complete in Q1. Margin to improve by 20 basis points quarter-on-quarter despite one month of wage hike impact.”
“We will watch out for the outlook on US macro amid the tariff uncertainty and update on employee restructuring,” Nuvama added.
Read more: TCS Q2FY26 preview: Layoffs, employee bench policy & deal wins in spotlight ahead of October 9 results
TCS shares will be in focus today. The stock has gained nearly 5% in the last five trading sessions. However, over the past six months, it has declined 6%, and on a yearly basis, the stock is down 28%. So far in 2025, TCS shares have fallen 26%. The stock’s 52-week high is Rs 4,494.90, while the low stands at Rs 2,866.60.
Read more: TCS shares in focus: Q2FY26 results, interim dividend, and 5 key things you need to know
TCS Q2 Results LIVE Updates: TCS’ Q1FY26 performance – A Recap (Part-3)
* Revenue at Rs 63,437 crore, +1.3% YoY, Decline of 3.1% YoY in Constant Currency
* Operating Margin at 24.5%; an expansion of 30 bps QoQ
* Net Income at Rs 12,760 crore, +6.0% YoY | Net Margin at 20.1%
* Net Cash from Operations at Rs 12,804 crore
* Workforce strength: 613,069 | Net Headcount addition of 6,071 YoY
* LTM IT Services attrition rate at 13.8%
* Dividend per share: Rs 11
TCS Q2 Results LIVE Updates: TCS’ Q1FY26 performance – A Recap (Part-2)
In the first quarter of FY26, TCS had declared a dividend of Rs 11 per equity share of Re 1 each. The IT major’s total employee strength rose by 6,071 year-on-year and its attrition rate for the last twelve months stood at 13.8% in the first quarter of FY26.
TCS Q2 Results LIVE Updates: TCS’ Q1FY26 performance – A Recap (Part-1)
On July 10, Tata Consultancy Services (TCS) released its earnings report for the first quarter of FY26. The IT major posted a net profit of Rs 12,760 crore, up 5.98% year-on-year compared with Rs 12,040 crore recorded in the same quarter of FY25.
Revenue from operations came in at Rs 63,437 crore, a growth of 1.32% over Rs 62,613 crore reported in the year-ago period. EBIT for Q1FY26 stood at Rs 15,514 crore.
TCS Q2 Results LIVE Updates: TCS to consider interim dividend
TCS in its regulatory filing said, “The second interim dividend, if declared, shall be paid to the equity shareholders of the company whose names appear on the Register of Members or in the records of the Depositories as beneficial owners of the shares as on Wednesday, October 15, 2025, which is the Record Date fixed for the purpose.”
TCS Q2 Results LIVE Updates: TCS to release Q2FY26 results today
TCS will release its second quarter results for fiscal year 2026 today. The IT major had announced the date for its results announcement earlier on September 22. The company also said that the Board will consider the declaration of a second interim dividend for its equity shareholders during the meeting.
TCS Q2 Results LIVE Updates: Welcome to this live blog
Greetings! The earnings season for the second quarter of FY26 kicks off today, with Tata Consultancy Services (TCS) set to announce its results. Stay tuned to this space on FinancialExpress.com as we bring you live updates on the company’s performance amid the Trump tariff-related uncertainty, layoff plans, and key announcements from the management. We’ll also share insights and expectations from leading brokerage firms on the IT major’s performance. Stay tuned!