THEBUSINESSBYTES BUREAU

MUMBAI, OCTOBER 8, 2026

Tata Consultancy Services (TCS), India’s largest IT services company, on Thursday reported a consolidated net profit of ₹13,884 crore for the quarter ended September 30, 2026, marking a rise from ₹12,904 crore recorded in the corresponding quarter last year.

Revenue for the July-September quarter stood at ₹73,188 crore, compared with ₹65,799 crore in the year-ago period. Revenue grew 1.3 per cent sequentially in rupee terms and 0.5 per cent quarter-on-quarter in constant currency.

The company also declared a dividend of ₹12 per share, with October 14 fixed as the record date and October 30 as the payment date.

TCS said its annualised AI revenue crossed the $3-billion mark during the quarter, accounting for more than 10 per cent of its overall revenue. The company recorded total contract value (TCV) of $9.6 billion during the quarter, underscoring continued demand for technology and transformation services.

Growth during the quarter was led by the banking, financial services and insurance (BFSI), manufacturing, and technology and services segments. BFSI revenue grew 2.5 per cent sequentially, while manufacturing and technology and services each recorded 3.1 per cent growth.

Among key international markets, the United Kingdom registered 3.5 per cent sequential growth in constant currency, while North America grew 0.4 per cent.

TCS added 4,258 employees during the quarter, taking its total workforce to 5,98,056 as of September 30. The company's attrition rate stood at 13.3 per cent.

Operating margin was reported at 24 per cent, while net cash from operations stood at ₹14,190 crore, equivalent to 102.2 per cent of net income.

During the quarter, TCS announced a five-year strategic partnership with Porsche AG and said its subsidiary would acquire 100 per cent of MHP Management- und IT-Beratung GmbH, Porsche’s Germany-based management and IT consulting subsidiary. The transaction is subject to regulatory approvals.

TCS also agreed to transition Best Buy’s Global Capability Centre in India to the company and transform it into an AI Capability Centre.

Other major wins during the quarter included an SAP S/4HANA transformation mandate from Honeywell Technologies and a long-term infrastructure partnership with Aareal Bank.