Tata Consultancy Services LimitedQ2 FY27 Results & Financial Update
Tata Consultancy Services Limited: Q2 FY27 consolidated results and company financials – revenue ₹73,188.00 Cr, PAT ₹13,934.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Tata Consultancy Services Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Tata Consultancy Services Limited reported consolidated revenue from operations of ₹73,188 crore for the second quarter ended September 30, 2026, marking an increase from ₹72,275 crore in the previous quarter ended June 30, 2026.
Total income for Q2 FY27 rose to ₹74,525 crore compared to ₹73,843 crore recorded in Q1 FY27, supported by steady expansion across major industry segments.
Profit before tax (PBT) for the quarter advanced to ₹18,638 crore from ₹17,944 crore in the preceding quarter, reflecting improved operational performance and tight cost discipline.
Consolidated net profit (PAT) for the quarter stood at ₹13,934 crore, higher than the ₹13,420 crore posted in the June 2026 quarter, while basic and diluted earnings per share (EPS) increased to ₹38.37 from ₹36.90.
Total expenses for the quarter aggregated to ₹55,887 crore, compared to ₹55,231 crore in Q1 FY27, with employee benefit expenses remaining the largest cost component at ₹41,890 crore.
Operating income within segment results was reported at ₹17,301 crore for the quarter, compared to ₹16,376 crore in the preceding period.
The Board of Directors declared a second interim dividend of ₹12.00 per equity share of face value ₹1 each for the financial year 2026-27, with the record date set for October 14, 2026, and payment scheduled for October 30, 2026.
01 · Business model
What does Tata Consultancy Services do?
Tata Consultancy Services Limited is a globally prominent information technology services, consulting, and business solutions organization that operates as a subsidiary of the Tata Group.
The company generates its primary revenue by delivering end-to-end technology services, digital transformation consulting, software-defined mobility, cloud solutions, and enterprise application services to major corporations across various industry verticals.
TCS serves clients globally across diverse sectors including banking, financial services, insurance (BFSI), manufacturing, consumer business, communication, media and technology, and life sciences and healthcare.
The operating model relies on a vast global delivery network, deep domain expertise, proprietary software licenses, and long-standing enterprise customer relationships that enable scalable execution of complex digital transformation projects.
02 · Historical context
What shaped the business before this quarter
ListEngage Midco, LLC was renamed to Tata Consultancy Services (North America) Holdings, LLC with effect from July 2, 2026.
During earlier periods, the company undertook business restructuring expenses and settled legal claims, such as the legal settlement relating to litigation with Computer Sciences Corporation recorded in Q1 FY27.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹73,188.00 Cr | ₹72,275.00 Cr |
| Total income | ₹74,525.00 Cr | ₹73,843.00 Cr |
| Profit before tax | ₹18,638.00 Cr | ₹17,944.00 Cr |
| Profit after tax | ₹13,934.00 Cr | ₹13,420.00 Cr |
| EPS | ₹38.37 | ₹36.90 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Delivered segment revenue of ₹28,882 crore for Q2 FY27, up from ₹27,990 crore in Q1 FY27, maintaining its position as the largest revenue contributor.
Contributed segment revenue of ₹11,137 crore during the quarter, compared to ₹11,146 crore in the preceding quarter.
Generated segment revenue of ₹10,862 crore for Q2 FY27, rising from ₹10,614 crore in Q1 FY27.
Reported segment revenue of ₹7,589 crore for the quarter, compared to ₹7,429 crore in the previous quarter.
Contributed ₹7,346 crore in segment revenue for Q2 FY27, up from ₹7,110 crore in Q1 FY27.
Segment revenue from other verticals stood at ₹7,372 crore for the quarter, compared to ₹7,986 crore in Q1 FY27.
What drove margins
Employee benefit expenses stood at ₹41,890 crore for Q2 FY27, slightly lower than ₹42,137 crore in Q1 FY27, providing operational cost stability.
Other expenses increased to ₹11,131 crore during the quarter compared to ₹10,228 crore in the preceding quarter.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
BFSI segment result increased to ₹7,351 crore in Q2 FY27 from ₹7,177 crore in Q1 FY27.
Consumer Business segment result remained steady at ₹3,316 crore for the quarter compared to ₹3,308 crore in the previous quarter.
Segment result for Communication, Media and Technology rose to ₹2,913 crore from ₹2,845 crore in Q1 FY27.
Life Sciences and Healthcare segment result stood at ₹1,918 crore compared to ₹1,834 crore in the preceding quarter.
Manufacturing segment result was reported at ₹2,044 crore for Q2 FY27, compared to ₹1,983 crore in Q1 FY27.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Tata Consultancy Services Netherlands B.V. signed a definitive agreement to acquire a 100% stake in MHP Management- und IT-Beratung GmbH and its subsidiaries for an enterprise value of EUR 320 million (₹3,484 crore), subject to regulatory approvals.
07 · Reported developments
What changed operationally
Consolidated PAT grew to ₹13,934 crore in Q2 FY27 from ₹13,420 crore in Q1 FY27, alongside growth in revenue from operations to ₹73,188 crore.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net cash flows generated from operating activities for the six months ended September 30, 2026, were reported at ₹25,801 crore compared to ₹24,944 crore in the corresponding period of the previous year.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Second Interim Dividend
The Board of Directors declared a second interim dividend of ₹12.00 per equity share of face value ₹1 each for FY 2026-27.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations rose by 1.26% sequentially to ₹73,188 crore in Q2 FY27 from ₹72,275 crore in Q1 FY27, while PAT expanded by 3.83% to ₹13,934 crore.
11 · Key Q&A
The quarter, answered directly
What does Tata Consultancy Services do?
Tata Consultancy Services Limited is a globally prominent information technology services, consulting, and business solutions organization that operates as a subsidiary of the Tata Group.
What is the clearest takeaway from Q2 FY27?
Tata Consultancy Services Limited reported consolidated revenue from operations of ₹73,188 crore for the second quarter ended September 30, 2026, marking an increase from ₹72,275 crore in the previous quarter ended June 30, 2026.
What drove revenue or demand?
Delivered segment revenue of ₹28,882 crore for Q2 FY27, up from ₹27,990 crore in Q1 FY27, maintaining its position as the largest revenue contributor.
What mattered most for margins or profitability?
Employee benefit expenses stood at ₹41,890 crore for Q2 FY27, slightly lower than ₹42,137 crore in Q1 FY27, providing operational cost stability.
What changed operationally beyond the headline numbers?
Tata Consultancy Services Netherlands B.V. signed a definitive agreement to acquire a 100% stake in MHP Management- und IT-Beratung GmbH and its subsidiaries for an enterprise value of EUR 320 million (₹3,484 crore), subject to regulatory approvals.
What should the next disclosure help confirm?
Payment of the second interim dividend of ₹12.00 per share scheduled for October 30, 2026.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Dividend Payment Date: Payment of the second interim dividend of ₹12.00 per share scheduled for October 30, 2026.
- 02
MHP Acquisition Progress: Regulatory approvals and closing conditions for the acquisition of MHP Management- und IT-Beratung GmbH.
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