On consolidated basis
Quarter ended March 2026
compared with Quarter ended December 2025.
Net sales (including other operating income) of Tata Consultancy Services has
increased 5.38% to Rs 70698 crore.
Operating profit margin
has jumped from 27.23% to 27.27%, leading to 5.51% rise in operating profit to
Rs 19,276.00 crore. Employee cost decreased from 57.43% to 56.78%.
Other expenses rose from 15.34% to 15.95%. Software
technology development services cost rose from 1.88% to 2.04%.
Other income fell 32.29%
to Rs 757 crore. PBIDT rose 3.33% to Rs 20033
crore. Provision for interest fell 50.74% to Rs 265
crore. Loan funds remained nil.
PBDT rose 4.88% to Rs
19768 crore. Provision for depreciation rose 1.88% to Rs 1406
crore.
Profit before tax grew
5.11% to Rs 18,362.00 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 4578 crore, compared
to Rs 3358 crore. Effective tax rate was 24.93% compared to 23.85%.
Minority interest
increased 4.76% to Rs 66.00 crore. Net profit attributable to owners
of the company increased 28.72% to Rs 13,718.00 crore.
Promoters’ stake was
71.77% as of 31 March 2026 ,compared to 71.77% as of 31 December 2025
.
Quarter ended March 2026
compared with Quarter ended March 2025.
Net sales (including other operating income) of Tata Consultancy Services has
increased 9.65% to Rs 70698 crore. Sales of Banking Finance
Insurance segment has gone up 11.39% to Rs 27,021.00 crore (accounting for
38.22% of total sales). Sales of Manufacturing segment has gone up
9.49% to Rs 7,002.00 crore (accounting for 9.90% of total
sales). Sales of Communication, Media and Technology segment has
gone down 6.24% to Rs 10,334.00 crore (accounting for 14.62% of total
sales). Sales of Others segment has gone up 23.62% to Rs 7,625.00
crore (accounting for 10.79% of total sales). Sales of Retail and
Consumer Packing Goods segment has gone up 11.82% to Rs 11,345.00 crore
(accounting for 16.05% of total sales). Sales of Life Sciences and
Healthcare segment has gone up 13.56% to Rs 7,371.00 crore (accounting for
10.43% of total sales).
Profit before interest,
tax and other unallocable items (PBIT) has jumped 13.53% to Rs 19,276.00
crore. PBIT of Banking Finance Insurance segment rose 11.64% to Rs
7,117.00 crore (accounting for 36.92% of total PBIT). PBIT of
Manufacturing segment rose 4.58% to Rs 2,122.00 crore (accounting for 11.01% of
total PBIT). PBIT of Communication, Media and Technology segment
rose 29.29% to Rs 3,072.00 crore (accounting for 15.94% of total
PBIT). PBIT of Others segment fell 0.25% to Rs 1,575.00 crore
(accounting for 8.17% of total PBIT). PBIT of Retail and Consumer
Packing Goods segment rose 13.83% to Rs 3,334.00 crore (accounting for 17.30%
of total PBIT). PBIT of Life Sciences and Healthcare segment rose
21.58% to Rs 2,056.00 crore (accounting for 10.67% of total PBIT).
PBIT margin of Banking
Finance Insurance segment rose from 26.28% to 26.34%. PBIT margin of
Manufacturing segment fell from 31.73% to 30.31%. PBIT margin of
Communication, Media and Technology segment rose from 21.56% to
29.73%. PBIT margin of Others segment fell from 25.60% to
20.66%. PBIT margin of Retail and Consumer Packing Goods segment
rose from 28.87% to 29.39%. PBIT margin of Life Sciences and Healthcare
segment rose from 26.05% to 27.89%. Overall PBIT margin rose from
26.33% to 27.27%.
Operating profit margin
has jumped from 26.33% to 27.27%, leading to 13.52% rise in operating profit to
Rs 19,276.00 crore. Employee cost decreased from 57.01% to 56.78%.
Other expenses fell from 16.65% to 15.95%. Software
technology development services cost fell from 4.26% to 2.04%.
Other income fell 26.36%
to Rs 757 crore. PBIDT rose 11.25% to Rs 20033
crore. Provision for interest rose 16.74% to Rs 265
crore. Loan funds rose to Rs 11,283.00 crore as of 31 March 2026
from Rs 9,392.00 crore as of 31 March 2025. Inventories rose to Rs
29.00 crore as of 31 March 2026 from Rs 21.00 crore as of 31 March
2025. Sundry debtors were higher at Rs 57,630.00 crore as of 31
March 2026 compared to Rs 50,142.00 crore as of 31 March 2025. Cash
and bank balance declined from Rs 15,463.00 crore as of 31 March 2025 to Rs
12,908.00 crore as of 31 March 2026. Investments rose to Rs
33,988.00 crore as of 31 March 2026 from Rs 30,964.00 crore as of 31 March 2025
.
PBDT rose 11.17% to Rs
19768 crore. Provision for depreciation rose 1.96% to Rs 1406
crore. Fixed assets increased to Rs 24,900.00 crore as of 31 March
2026 from Rs 22,739.00 crore as of 31 March 2025. Intangible assets
increased from Rs 1,860.00 crore to Rs 9,108.00 crore.
Profit before tax grew
11.95% to Rs 18,362.00 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 4578 crore,
compared to Rs 4109 crore. Effective tax rate was 24.93% compared to
25.05%.
Minority interest
decreased 4.35% to Rs 66.00 crore. Net profit attributable to owners
of the company increased 12.22% to Rs 13,718.00 crore.
Equity capital stood at
Rs 362.00 crore as of 31 March 2026 to Rs 362.00 crore as of 31 March
2025. Per share face Value remained same at Rs 1.00.
Promoters’ stake was
71.77% as of 31 March 2026 ,compared to 71.77% as of 31 March 2025
.
Full year results analysis.
Net sales (including other operating income) of Tata Consultancy Services has increased
4.58% to Rs 267021 crore. Sales of Banking Finance Insurance segment
has gone up 9.27% to Rs 103,363.00 crore (accounting for 38.71% of total
sales). Sales of Manufacturing segment has gone up 5.74% to Rs
26,614.00 crore (accounting for 9.97% of total sales). Sales of
Communication, Media and Technology segment has gone down 13.99% to Rs
39,474.00 crore (accounting for 14.78% of total sales). Sales of
Others segment has gone up 19.04% to Rs 27,393.00 crore (accounting for 10.26%
of total sales). Sales of Retail and Consumer Packing Goods segment
has gone up 5.56% to Rs 42,432.00 crore (accounting for 15.89% of total
sales). Sales of Life Sciences and Healthcare segment has gone up
4.87% to Rs 27,745.00 crore (accounting for 10.39% of total sales).
Profit before interest,
tax and other unallocable items (PBIT) has jumped 7.40% to Rs 72,398.00
crore. PBIT of Banking Finance Insurance segment rose 7.46% to Rs
27,011.00 crore (accounting for 37.31% of total PBIT). PBIT of
Manufacturing segment fell 2.12% to Rs 8,051.00 crore (accounting for 11.12% of
total PBIT). PBIT of Communication, Media and Technology segment
rose 19.73% to Rs 11,473.00 crore (accounting for 15.85% of total
PBIT). PBIT of Others segment rose 8.18% to Rs 6,269.00 crore (accounting
for 8.66% of total PBIT). PBIT of Retail and Consumer Packing Goods
segment rose 7.73% to Rs 12,090.00 crore (accounting for 16.70% of total
PBIT). PBIT of Life Sciences and Healthcare segment rose 0.75% to Rs
7,504.00 crore (accounting for 10.36% of total PBIT).
PBIT margin of Banking
Finance Insurance segment fell from 26.57% to 26.13%. PBIT margin of
Manufacturing segment fell from 32.68% to 30.25%. PBIT margin of
Communication, Media and Technology segment rose from 20.88% to 29.06%. PBIT
margin of Others segment fell from 25.18% to 22.89%. PBIT margin of
Retail and Consumer Packing Goods segment rose from 27.92% to
28.49%. PBIT margin of Life Sciences and Healthcare segment fell
from 28.15% to 27.05%. Overall PBIT margin rose from 26.40% to
27.11%.
Operating profit margin
has jumped from 26.40% to 27.11%, leading to 7.40% rise in operating profit to
Rs 72,398.00 crore. Employee cost increased from 57.10% to 58.05%.
Other expenses fell from 16.50% to 14.84%. Software
technology development services cost fell from 4.56% to 1.65%.
Other income rose 11.11%
to Rs 4402 crore. PBIDT rose 7.61% to Rs 76800
crore. Provision for interest rose 54.15% to Rs 1227
crore. Loan funds rose to Rs 11,283.00 crore as of 31 March 2026
from Rs 9,392.00 crore as of 31 March 2025. Inventories rose to Rs
29.00 crore as of 31 March 2026 from Rs 21.00 crore as of 31 March
2025. Sundry debtors were higher at Rs 57,630.00 crore as of 31
March 2026 compared to Rs 50,142.00 crore as of 31 March 2025. Cash
and bank balance declined from Rs 15,463.00 crore as of 31 March 2025 to Rs
12,908.00 crore as of 31 March 2026. Investments rose to Rs
33,988.00 crore as of 31 March 2026 from Rs 30,964.00 crore as of 31 March 2025
.
PBDT rose 7.08% to Rs
75573 crore. Provision for depreciation rose 6.07% to Rs 5560
crore. Fixed assets increased to Rs 24,900.00 crore as of 31 March
2026 from Rs 22,739.00 crore as of 31 March 2025. Intangible assets
increased from Rs 1,860.00 crore to Rs 9,108.00 crore.
Profit before tax grew
7.17% to Rs 70,013.00 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 16033 crore,
compared to Rs 16534 crore. Effective tax rate was 24.48% compared
to 25.31%.
Net profit attributable
to owners of the company increased 1.35% to Rs 49,210.00 crore.
Equity capital stood at
Rs 362.00 crore as of 31 March 2026 to Rs 362.00 crore as of 31 March
2025. Per share face Value remained same at Rs 1.00.
Promoters’ stake was
71.77% as of 31 March 2026 ,compared to 71.77% as of 31 March 2025
.
Cash flow from operating
activities increased to Rs 52,094.00 crore for year ended March 2026 from Rs
48,908.00 crore for year ended March 2025. Cash flow used in
acquiring fixed assets during the year ended March 2026 stood at Rs 4,187.00
crore, compared to Rs 3,937.00 crore during the year ended March
2025.
Dividend: The
board has recommended a final dividend of Rs 31 per share, taking the total
dividend to Rs 110 for FY26.
Management commentary:
K Krithivasan, Chief Executive
Officer and Managing Director, said “We are pleased to report the third consecutive
quarter of sequential growth, supported by three mega deals and a $12 billion
TCV, underscoring the strength of our five pillar strategy and our AI led positioning
across services. It is equally encouraging that this momentum was broad based
across major markets and most industries. While the macro-economic headwinds
continue, we see sustained customer conviction in technology investments, which
positions us well for the opportunities ahead.”
Aarthi Subramanian, Executive
Director - President and Chief Operating Officer, said "FY26 marked a
pivotal year for enterprise AI adoption. In Q4, our annualized AI revenues
surpassed $2.3 billion, driven by the accelerated deployment of AI solutions.
We experienced strong deal momentum across new services in Enterprise
Transformation, Digital Engineering, and Cloud Modernization. Our investment in
HyperVault was a catalyst in forging strategic partnerships with OpenAI, AMD
and ABB, further strengthening our positioning across
Infrastructure-to-Intelligence.”
Samir Seksaria, Chief Financial
Officer, said, “In FY26, we intensified investments through our Build–Partner–Acquire
approach, by acquiring Coastal Cloud & List Engage and establishing
HyperVault. Even as we scaled our investments in AI-led growth opportunities, our margins
expanded by 70 basis points, reflecting our strong operational rigor.
Our solid cash flow and resilient balance sheet position us to advance
strategic priorities, pursue timely investments, and maximize growth.”
Sudeep Kunnumal, Chief HR
Officer, said “We are pleased to implement annual salary increases across all grades
effective 1st April. In Q4, we continued to invest in a future-ready workforce with strong additions across
experienced talent and campus hires. Building an AI-first culture and equipping our people
with AI-ready skills
remained a key priority in FY26 and will continue into FY27, as we align
closely with our customers’ evolving needs.” | Tata Consultancy Services : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202603 | 202503 | Var.(%) | 202603 | 202503 | Var.(%) |
|---|
| Net Sales (including other operating income) | 70,698.00 | 64,479.00 | 9.65 | 267,021.00 | 255,324.00 | 4.58 | | OPM (%) | 27.27 | 26.33 | 93 bps | 27.11 | 26.40 | 71 bps | | OP | 19,276.00 | 16,980.00 | 13.52 | 72,398.00 | 67,407.00 | 7.40 | | Other Inc. | 757.00 | 1,028.00 | -26.36 | 4,402.00 | 3,962.00 | 11.11 | | PBIDT | 20,033.00 | 18,008.00 | 11.25 | 76,800.00 | 71,369.00 | 7.61 | | Interest | 265.00 | 227.00 | 16.74 | 1,227.00 | 796.00 | 54.15 | | PBDT | 19,768.00 | 17,781.00 | 11.17 | 75,573.00 | 70,573.00 | 7.08 | | Depreciation | 1406 | 1379 | 1.96 | 5560 | 5242 | 6.07 | | PBT | 18,362.00 | 16,402.00 | 11.95 | 70013 | 65331 | 7.17 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 18362 | 16402 | 11.95 | 70013 | 65331 | 7.17 | | EO Income | 0 | 0 | - | -4526 | 0 | - | | PBT after EO | 18362 | 16402 | 11.95 | 65487 | 65331 | 0.24 | | Taxation | 4578 | 4109 | 11.41 | 16033 | 16534 | -3.03 | | PAT | 13784 | 12293 | 12.13 | 49454 | 48797 | 1.35 | | Minority Interest (MI) | 66 | 69 | -4.35 | 244 | 244 | 0 | | Net profit | 13718 | 12224 | 12.22 | 49210 | 48553 | 1.35 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 13718 | 12224 | 12.22 | 49210 | 48553 | 1.35 | | EPS (Rs)* | 37.92 | 33.79 | 12.22 | 145.41 | 134.20 | 8.36 | | | * EPS is on current equity of Rs 361.81 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Tata Consultancy Services : Consolidated Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202603 | 202503 | Var.(%) | % of (Total) | 202603 | 202503 | Var.(%) |
|---|
| Sales | | Banking Finance Insurance | 38.22 | 27,021.00 | 24,257.00 | 11.39 | 38.71 | 103,363.00 | 94,597.00 | 9.27 | | Manufacturing | 9.90 | 7,002.00 | 6,395.00 | 9.49 | 9.97 | 26,614.00 | 25,170.00 | 5.74 | | Retail and Distribution | 0.00 | 0.00 | 0.00 | - | | Communication, Media and Technology | 14.62 | 10,334.00 | 11,022.00 | -6.24 | 14.78 | 39,474.00 | 45,893.00 | -13.99 | | Others | 10.79 | 7,625.00 | 6,168.00 | 23.62 | 10.26 | 27,393.00 | 23,011.00 | 19.04 | | Retail and Consumer Packing Goods | 16.05 | 11,345.00 | 10,146.00 | 11.82 | 15.89 | 42,432.00 | 40,197.00 | 5.56 | | Life Sciences and Healthcare | 10.43 | 7,371.00 | 6,491.00 | 13.56 | 10.39 | 27,745.00 | 26,456.00 | 4.87 | | Total Reported Sales | 100.00 | 70,698.00 | 64,479.00 | 9.65 | 100.00 | 267,021.00 | 255,324.00 | 4.58 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 70,698.00 | 64,479.00 | 9.65 | 100.00 | 267,021.00 | 255,324.00 | 4.58 | | PBIT | | Banking Finance Insurance | 36.92 | 7,117.00 | 6,375.00 | 11.64 | 37.31 | 27,011.00 | 25,135.00 | 7.46 | | Manufacturing | 11.01 | 2,122.00 | 2,029.00 | 4.58 | 11.12 | 8,051.00 | 8,225.00 | -2.12 | | Retail and Distribution | 0.00 | 0.00 | 0.00 | - | | Communication, Media and Technology | 15.94 | 3,072.00 | 2,376.00 | 29.29 | 15.85 | 11,473.00 | 9,582.00 | 19.73 | | Others | 8.17 | 1,575.00 | 1,579.00 | -0.25 | 8.66 | 6,269.00 | 5,795.00 | 8.18 | | Retail and Consumer Packing Goods | 17.30 | 3,334.00 | 2,929.00 | 13.83 | 16.70 | 12,090.00 | 11,222.00 | 7.73 | | Life Sciences and Healthcare | 10.67 | 2,056.00 | 1,691.00 | 21.58 | 10.36 | 7,504.00 | 7,448.00 | 0.75 | | Total PBIT | 100.00 | 19,276.00 | 16,979.00 | 13.53 | 100.00 | 72,398.00 | 67,407.00 | 7.40 | | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Add: Other un-allcoable | | -914.00 | -577.00 | -58.41 | | -6,911.00 | -2,076.00 | -232.90 | | PBIT Margin(%) | | Banking Finance Insurance | | 26.34 | 26.28 | 5.77 | | 26.13 | 26.57 | -43.84 | | Manufacturing | | 30.31 | 31.73 | -142.23 | | 30.25 | 32.68 | -242.68 | | Retail and Distribution | | 0.00 | 0.00 | 0.00 | | Communication, Media and Technology | | 29.73 | 21.56 | 817.02 | | 29.06 | 20.88 | 818.57 | | Others | | 20.66 | 25.60 | -494.41 | | 22.89 | 25.18 | -229.82 | | Retail and Consumer Packing Goods | | 29.39 | 28.87 | 51.89 | | 28.49 | 27.92 | 57.51 | | Life Sciences and Healthcare | | 27.89 | 26.05 | 184.16 | | 27.05 | 28.15 | -110.61 | | PBT | 100.00 | 18,362.00 | 16,402.00 | 11.95 | 100.00 | 65,487.00 | 65,331.00 | 0.24 |
|
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