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Informist, Thursday, Apr. 9, 2026

 

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--TCS Jan-Mar consol net profit INR 137.18 bln 
--Analysts saw TCS Jan-Mar consol net profit at INR 137.78 bln 
--TCS Jan-Mar consol revenue INR 706.98 bln 
--Analysts saw TCS Jan-Mar consol revenue at INR 697.86 bln 
--TCS Jan-Mar consol net profit INR 137.18 bln vs INR 106.57 bln qtr ago 
--TCS Jan-Mar consol revenue INR 706.98 bln vs INR 670.87 bln qtr ago 
--TCS to pay INR 31 per share final dividend 
--TCS Jan-Mar consol BFSI revenue INR 270.21 bln vs INR 258.89 bln qtr ago 
--TCS FY26 consol net profit INR 492.10 bln vs INR 485.53 bln year ago 
--TCS Jan-Mar consol mfg revenue INR 70.02 bln vs INR 65.80 bln qtr ago 
--TCS Jan-Mar consol consumer sales INR 113.45 bln vs INR 105.81 bln qtr ago 
--TCS Jan-Mar order book total contract value $12 bln 
--TCS Q4 consol comm, media, tech sales INR 103.3 bln vs INR 99.0 bln qtr ago 
--TCS Q4 consol life, health sales INR 73.71 bln vs INR 70.68 bln qtr ago 
--TCS FY26 consol revenue INR 2.67 tln vs INR 2.55 tln year ago
--TCS IT services trailing 12-mo attrition 13.7% vs 13.5% qtr ago 
--TCS total employee count 584,519 on Mar 31 
--TCS Jan-Mar consol revenue up 1.2% on qtr in constant currency 
--TCS Jan-Mar consol operating margin 25.3% vs 25.2% qtr ago 
--TCS FY26 consol revenue down 2.4% on year in constant currency 
--TCS Jan-Mar BFSI segment revenue up 0.1% on qtr in constant currency 
--TCS Jan-Mar consumer ops sales up 2.8% on qtr in constant currency 
--TCS Jan-Mar life sciences, health sales up 0.4% on qtr in constant currency 
--TCS Jan-Mar manufacturing sales up 1.2% on qtr in constant currency 
--TCS Jan-Mar tech, svcs sales up 1% on qtr in constant currency 
--TCS Jan-Mar North America sales up 1.4% on qtr in constant currency 
--TCS Jan-Mar comm, media sales down 0.4% on qtr in constant currency 
--TCS Jan-Mar Latin America sales down 6.9% on qtr in constant currency 
--TCS Jan-Mar UK revenue up 2.4% on qtr in constant currency 
--TCS Q4 energy, resources, utilities sales up 6.1% QoQ in constant currency 
--TCS Jan-Mar revenue from India up 1.7% on qtr in constant currency 
--TCS Jan-Mar regional mkts, others sales up 1.2% QoQ in constant currency 
--TCS: Got three mega deals in Jan-Mar 
--TCS: Annualised AI revenue crossed $2.3 bln in Jan-Mar

 

By Shakshi Jain

 

NEW DELHI – Information technology services major Tata Consultancy Services Ltd. Thursday reported a sharp sequential growth in its bottom line for the March quarter as total expenses rose slower than its top line. However, it fell short of analysts' consensus estimate by a small margin. The top line of the company logged a moderate growth, surpassing analysts' estimate by a healthy margin. The Tata group company's net profit for the quarter rose sequentially in Jan-Mar after two consecutive quarters of decline and its revenue grew fastest in three quarters.

 

The company's consolidated net profit rose almost 29% sequentially and over 12% on year to INR 137.18 billion for the March quarter. This was slightly lower than the INR 137.78 billion estimated by brokerages. The sector bellwether's consolidated revenue for the quarter rose over 5% sequentially and nearly 10% on year to INR 706.98 billion. Analysts' consensus estimate for the top line was INR 697.86 billion.  

 

In constant currency, the IT behemoth's revenue grew 1.2% sequentially for the quarter. Annualised revenue from artificial intelligence offerings crossed $2.3 billion in the quarter under review. "While the macro-economic headwinds continue, we see sustained customer conviction in technology investments, which positions us well for the opportunities ahead," Chief Executive Officer and Managing Director K. Krithivasan said in a press release.

 

For the full year 2025-26 (Apr-Mar), the company reported a consolidated net profit of INR 492.10 billion, up 1.4% from the previous year. Its consolidated revenue for the 12 months rose 4.6% to INR 2.67 trillion. However, in constant currency, the top line declined 2.4%.

 

The company's total contract value for the March quarter was $12 billion and that for the full year was $40.7 billion. It signed three mega deals during the reporting quarter and five such deals during the year, as per the release. 

 

TCS' consolidated operating margin expanded by 10 basis points sequentially during the March quarter to 25.3%. This calculation excludes one-off items, the company said. It net added 2,356 employees during the quarter, taking its overall headcount to 584,519 as on Mar. 31. The 12-month attrition rate in IT services rose to 13.7% from 13.5% a quarter ago, as per a fact sheet released by the company.

 

"Building an AI-first culture and equipping our people with AIready skills remained a key priority in FY26 and will continue into FY27...," Chief Human Resources Officer Sudeep Kunnumal was quoted as saying in the release.

 

The Mumbai-based IT player's total expenses for the March quarter increased 4.7% sequentially to INR 530.93 billion. Among the top expense items, employee benefit costs of the company rose over 4% on quarter to INR 401.43 billion and other expenses grew nearly 9% sequentially to INR 98.35 billion.  

 

SEGMENTS

The company's consolidated revenue from the core banking, financial services, and insurance vertical grew to INR 270.21 billion in the March quarter from INR 258.89 billion in the trailing three months. This segment, which accounted for 31.6% of the company's overall top line for the reporting quarter, recorded 0.1% sequential growth in constant currency revenue.

 

Contribution from the consumer business segment grew to INR 113.45 billion in Jan-Mar from INR 105.81 billion in the preceding quarter. This segment recorded 2.8% growth in constant currency revenue and accounted for 15.7% of the company's overall top line for the quarter.

 

The life sciences and healthcare segment of the company recorded a consolidated revenue of INR 73.71 billion for the reporting quarter, up from INR 70.68 billion in the December quarter. Revenue from this segment in constant currency grew 0.4% sequentially. Revenue from the manufacturing vertical rose to INR 70.02 billion in the March quarter from INR 65.80 billion in the trailing quarter. In constant currency terms, revenue from this category grew 1.2% on quarter. 

 

Communications and media was the only vertical to have recorded a sequential decline in constant currency revenue in the March quarter at 0.4%. In rupee terms, consolidated revenue from this segment rose to INR 103.34 billion from INR 99.02 billion in the trailing quarter. Constant currency revenue of the technology and services vertical grew 1% on quarter in Jan-Mar.

 

Constant currency revenue of the energy, resources, and utilities vertical grew 6.1% sequentially in Jan-Mar and that of the "regional markets and others" category grew 1.2%.

 

GEOGRAPHIES

In terms of markets, UK topped the chart in the fourth quarter with a sequential constant currency revenue growth of 2.4%, followed by India at 1.7%, North America at 1.4%, and Continental Europe with 1% uptick. On the other hand, the Latin America market recorded a sequential fall of 6.9% in revenue in constant currency terms.

 

The company's board has recommended a final dividend of INR 31 per share, which will be paid on the third day from the conclusion of the 31st annual general meeting, subject to approval of the shareholders.

 

TCS reported its March-quarter results after the close of the stock market. On the National Stock Exchange, shares of the company ended over 1% higher at INR 2,589. Its post-earnings conference call with investors is scheduled at 1900 IST. Investors will be keen to know the management's views on demand and deal pipeline, likely price deflation due to artificial intelligence, progress tied to the planned data centre investments, impact of employee restructuring, the conflict in West Asia, and the overall outlook for FY27. End

 

US$1 = INR 92.65

 

Edited by Ashish Shirke

 

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