Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q2 FY2026-27 Earnings Presentation

24 slides from Tata Consultancy Services's earnings presentation, Oct 8, 2026

  1. Slide 1: TCS Financial Results

    TCS Financial Results Quarter II FY 2026-27 October 8, 2026

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertai

  3. Slide 3: Quarterly Financial Performance

    Quarterly Financial Performance

  4. Slide 4: Q2 FY27 Performance Highlights

    Q2 FY27 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 731,880 Mn, up 1.3% QoQ | up 11.2% YoY - USD Revenue of $ 7,642 Mn, up 0.2% QoQ | up 2.4% YoY - Constant currency revenue up 0.5% QoQ | up 2.8% YoY ➢ Profit: - Operating Margin at 24.0% - Net Margin at 19.0% - Cash flow from operations at

  5. Slide 5: Growth Summary (INR)

    Growth Summary (INR) Revenue Q-o-Q Growth Q-o-Q Growth CC 706,980 722,750 731,880 5.4% 657,990 670,870 3.7% 2.2% 2.0% ` Million 1.3% 0.8% 0.8% 1.2% 0.4% 0.5% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Operating Income* Operating margin (%) 178,700 173,170 175,530

  6. Slide 6: Growth Summary (USD)

    Growth Summary (USD) Revenue Q-o-Q Growth Q-o-Q Growth CC 7,466 7,509 7,621 7,624 7,642 $ Million 0.8% 0.8% 1.5% 0.4% 0.5% 0.6% 0.6% 1.2% 0.0% 0.2% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Operating Income* Operating margin (%) 1,927 25.2% 25.2% 25.3% 1,879 1,8

  7. Slide 7: Operational Parameters

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Operational Parameters

  8. Slide 8: Growth by Market

    Growth by Market Q-o-Q Y-o-Y Q-o-Q Y-o-Y Geography (%) Q2 FY26 Q1 FY27 Q2 FY27 CC Growth CC Growth INR Growth INR Growth Americas North America 48.8 48.3 48.3 0.4 1.5 1.3 10.2 Latin America 1.9 2.0 2.1 4.3 1.7 6.2 19.5 Europe UK 17.5 17.2 17.8 3.5 4.5 4.6 13.2 Continental Europe 15.3 15.4 15.2 0.4 3

  9. Slide 9: Growth by Domain

    Growth by Domain Q-o-Q Y-o-Y Q-o-Q Y-o-Y Vertical (%) Q2 FY26 Q1 FY27 Q2 FY27 CC Growth CC Growth INR Growth INR Growth BFSI 32.2 32.1 32.8 2.5 3.9 3.5 13.2 Consumer Business 15.3 15.0 14.9 - 0.7 - 1.0 0.1 7.8 Life Sciences & Healthcare 10.5 10.3 10.3 0.3 0.5 1.2 9.1 Manufacturing 8.8 8.7 9.0 3.1 4.

  10. Slide 10: Client Parameters

    Client Parameters Clients Contribution Q2 FY26 Q1 FY27 Q2 FY27 US$ 1m+ Clients 1360 1401 1412 US$ 5m+ Clients 707 746 752 US$ 10m+ Clients 498 504 506 US$ 20m+ Clients 302 307 307 US$ 50m+ Clients 136 139 137 US$ 100m+ Clients 60 66 65 *Last Twelve Months' services revenues 10

  11. Slide 11: Human Resources

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Human Resources

  12. Slide 12: Total Employee Base

    Total Employee Base Voluntary Attrition*: • 13.3% (LTM), IT Services 613,069 Diversity: 598,056 • 35.0 % Women employees 593,314 593,798 • 149 Nationalities 582,163 584,519 *Excluding Subsidiaries Talent Development: • 31.8 Mn Learning Hrs (YTD) • 2.7 Mn competencies acquired (YTD) • 367K+ associate

  13. Slide 13: Annexure

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Annexure

  14. Slide 14: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Revenue 657,990 722,750 731,880 100.0 100.0 100.0 Cost of revenue 397,580 436,510 444,700 60.4 60.4 60.7 Gross margin 260,410 286,240 287,180 39.6 39.6 39.3 SG & A expenses 94,760 113,070 1

  15. Slide 15: Expense by Nature

    Expense by Nature ₹ Million % of Revenue Expense by nature Q2 FY26* Q1 FY27* Q2 FY27 Q2 FY26* Q1 FY27* Q2 FY27 Employee Cost 386,060 421,370 418,900 58.7% 58.3% 57.2% Fees to External consultants 32,480 42,930 49,540 4.9% 5.9% 6.8% Cost of equipment and software licenses 9,670 13,540 13,520 1.5% 1.9

  16. Slide 16: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q2 FY26 Q1 FY27 Q2 FY27 Net Cash from Operations 132,930 124,120 141,900 Capital Expenditure 12,010 7,500 14,590 Free Cash Flow 120,920 116,620 127,310 Dividends Paid 40,210 115,230 44,050 Operating Cash Flow to Sales (%) 20.2 17.2 19.4 Operating Cash Flow to Net Profi

  17. Slide 17: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-26 30-Sep-26 Assets Property and equipment 141,800 147,040 Right-of-use Assets 110,270 116,920 Intangible assets and Goodwill 114,370 114,730 Accounts Receivable 577,290 587,250 Unbilled Revenues 181,440 196,460 Invested Funds 5

  18. Slide 18: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Revenue 7,466 7,624 7,642 100.0 100.0 100.0 Cost of revenue 4,512 4,605 4,643 60.4 60.4 60.7 Gross margin 2,954 3,019 2,999 39.6 39.6 39.3 SG & A expenses 1,075 1,193 1,166 14.4 15

  19. Slide 19: Expense by Nature – In USD

    Expense by Nature – In USD $ Million % of Revenue Expense by nature Q2 FY26* Q1 FY27* Q2 FY27 Q2 FY26* Q1 FY27* Q2 FY27 Employee Cost 4,381 4,445 4,374 58.7% 58.3% 57.2% Fees to External consultants 368 453 518 4.9% 5.9% 6.8% Cost of equipment and software licenses 110 143 141 1.5% 1.9% 1.8% Project

  20. Slide 20: IFRS Statement of Financial Position in USD

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-26 30-Sep-26 Assets Property and equipment 1,500 1,533 Right-of-use Assets 1,166 1,219 Intangible assets and Goodwill 1,211 1,197 Accounts Receivable 6,102 6,124 Unbilled Revenues 1,918 2,048 Invested Funds 5,287 5,980 Ot

  21. Slide 21: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Revenue 65,799 72,275 73,188 100.0 100.0 100.0 Expenditure a) Employee Costs 38,606 42,137 41,890 58.7 58.3 57.2 b) Cost of equipment and software licenses 967 1,354 1,352

  22. Slide 22: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-26 30-Sep-26 Assets Property and equipment 13,697 14,273 Right-of-use Assets 11,027 11,692 Intangible assets and Goodwill 9,263 9,287 Accounts Receivable 57,729 58,725 Unbilled Revenues 18,144 19,646 Invested Funds 50,020 57,353

  23. Slide 23: Currency mix and average realized rates in INR

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 USD 88.13 94.79 95.77 49.79% 48.65% 48.70% GBP 118.11 126.80 128.24 15.16% 15.10% 15.28% EUR 102.70 109.76 109.86 11.73% 11.88% 12.05% Others 23.32% 24.37% 23.97% Total

  24. Slide 24: Thank you

    Thank you Copyright © 2026 Tata Consultancy Services Limited

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