Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q1 FY2026 Earnings Presentation

23 slides from Tata Consultancy Services's earnings presentation, Jul 10, 2025

  1. Slide 1: TCS Financial Results Quarter I Ended FY 2025-26

    TCS Financial Results Quarter I Ended FY 2025-26 July 10, 2025

  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: Q1 FY26 Performance Highlights

    Q1 FY26 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 634,370 Mn, up 1.3% YoY - USD Revenue of $ 7,421 Mn, down 1.1% YoY - Constant currency revenue down 3.1% YoY ➢ Profit: - Operating Margin at 24.5% - Net Margin at 20.1% - Cash flow from operations at 100.3% of net profit ➢ Demand: - Client

  4. Slide 4: Growth Summary (INR)

    Growth Summary (INR) Revenue Y-o-Y Growth Y-o-Y Growth CC 626,130 642,590 639,730 644,790 634,370 7.6% 5.4% 5.6% 5.3% ` Million 1.3% 4.4% 5.5% 4.5% 2.5% -3.1% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Operating Income Operating margin (%) 154,420 154,650 156,570

  5. Slide 5: Growth Summary (USD)

    Growth Summary (USD) Revenue Y-o-Y Growth Y-o-Y Growth CC 7,505 7,670 7,539 7,465 6.4% 7,421 4.4% 4.5% 2.5% $ Million 5.5% -1.1% 3.9% 3.6% 1.4% -3.1% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Operating Income Operating margin (%) 1,851 1,846 1,844 1,807 1,815 $

  6. Slide 6: Operational Parameters

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

  7. Slide 7: Growth by Market

    Growth by Market Y-o-Y Geography (%) Q1 FY25 Q1 FY26 CC Growth Americas North America 49.5 48.7 - 2.7 Latin America 1.9 1.9 3.5 Europe UK 16.9 18.0 - 1.3 Continental Europe 14.4 15.0 - 3.1 Asia Pacific 7.8 8.4 3.6 India 7.5 5.8 - 21.7 MEA 2.0 2.2 9.4 Total 100.0 100.0 -3.1 7

  8. Slide 8: Growth by Domain

    Growth by Domain Y-o-Y Vertical (%) Q1 FY25 Q1 FY26 CC Growth BFSI 30.9 32.0 1.0 Consumer Business 15.4 15.6 - 3.1 Life Sciences & Healthcare 11.0 10.2 - 9.6 Manufacturing 8.8 8.7 - 4.0 Technology & Services 8.1 8.4 1.8 Communication & Media 6.2 5.8 - 9.6 Energy, Resources and Utilities 5.6 5.9 2.8

  9. Slide 9: Client Parameters

    Client Parameters Clients Contribution Q1 FY25 Q1 FY26 US$ 1m+ Clients 1310 1336 US$ 5m+ Clients 697 714 US$ 10m+ Clients 486 495 US$ 20m+ Clients 300 300 US$ 50m+ Clients 140 131 US$ 100m+ Clients 63 62 *Last Twelve Months' services revenues 9

  10. Slide 10: Human Resources

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

  11. Slide 11: Total Employee Base, Attrition, Diversity

    Total Employee Base Attrition*: 612,724 613,069 • 13.8% (LTM), IT Services Diversity: 607,979 606,998 607,354 • 35.1 % Women employees • 151 Nationalities *Excluding Subsidiaries 601,546 Talent Development: • 15Mn Learning Hrs (YTD) • 1.3Mn competencies acquired (YTD) Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q

  12. Slide 12: Annexure

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

  13. Slide 13: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Revenue 626,130 634,370 100.00 100.00 Cost of revenue 376,610 386,120 60.15 60.87 Gross margin 249,520 248,250 39.85 39.13 SG & A expenses 95,100 93,110 15.19 14.67 Operating income 154,420 155,140 24.66 2

  14. Slide 14: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Employee cost 287,850 301,960 45.97 47.60 Fees to external consultants 25,210 30,630 4.03 4.83 Equipment and software 21,510 7,260 3.43 1.14 Facility expenses 5,170 5,940 0.83 0.94 Depreciation 9,400 10,670 1.50 1.68 Trave

  15. Slide 15: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q1 FY25 Q1 FY26 Net Cash from Operations 111,680 128,040 Capital Expenditure 8,750 14,040 Free Cash Flow 102,930 114,000 Dividends Paid 101,960 109,400 Operating Cash Flow to Sales (%) 17.8 20.2 Operating Cash Flow to Net Profit (%) 92.8 100.3 Total Cash and Investment

  16. Slide 16: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-25 30-Jun-25 Assets Property and equipment 129,320 131,000 Right-of-use Assets 92,750 94,260 Intangible assets and Goodwill 49,640 48,530 Accounts Receivable 502,330 531,030 Unbilled Revenues 154,700 161,560 Invested Funds 472,2

  17. Slide 17: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Revenue 7,505 7,421 100.00 100.00 Cost of revenue 4,514 4,517 60.15 60.87 Gross margin 2,991 2,904 39.85 39.13 SG & A expenses 1,140 1,089 15.19 14.67 Operating income 1,851 1,815 24.66 24.46 Othe

  18. Slide 18: COR – SG&A Details – In USD

    COR – SG&A Details – In USD $ Million % of Revenue COR Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Employee cost 3,450 3,532 45.97 47.60 Fees to external consultants 302 358 4.03 4.83 Equipment and software 258 85 3.43 1.14 Facility expenses 62 69 0.83 0.94 Depreciation 113 125 1.50 1.68 Travel 73 71 0.98 0.96

  19. Slide 19: IFRS Statement of Financial Position in USD

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-25 30-Jun-25 Assets Property and equipment 1,514 1,530 Right-of-use Assets 1,086 1,101 Intangible assets and Goodwill 580 567 Accounts Receivable 5,880 6,202 Unbilled Revenues 1,811 1,887 Invested Funds 5,526 5,687 Other

  20. Slide 20: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Revenue 62,613 63,437 100.00 100.00 Expenditure a) Employee Costs 36,416 37,715 58.16 59.45 b) Cost of equipment and software licences 2,151 726 3.44 1.14 c) Other Operating expenses 7,384

  21. Slide 21: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-25 30-Jun-25 Assets Property and equipment 12,524 12,666 Right-of-use Assets 9,275 9,426 Intangible assets and Goodwill 2,800 2,689 Accounts Receivable 50,233 53,103 Unbilled Revenues 15,470 16,156 Invested Funds 47,222 48,704 Ot

  22. Slide 22: Currency mix and average realized rates in INR

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 USD 83.43 85.49 51.50% 49.73% GBP 105.43 115.80 14.63% 15.78% EUR 89.71 98.04 11.02% 11.65% Others 22.85% 22.84% Total 100.00% 100.00% 22

  23. Slide 23: Thank you

    Thank you Copyright © 2025 Tata Consultancy Services Limited

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