Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q2 FY2025-26 Earnings Presentation

23 slides from Tata Consultancy Services's earnings presentation, Oct 9, 2025

  1. Slide 1: TCS Financial Results

    TCS Financial Results Quarter II Ended FY 2025-26 Oct 9, 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: Q2 FY26 Performance Highlights

    Q2 FY26 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 657,990 Mn, up 3.7% QoQ | up 2.4% YoY - USD Revenue of $ 7,466 Mn, up 0.6% QoQ | down 2.7% YoY - Constant currency revenue up 0.8% QoQ | down 3.3% YoY ➢ Profit: - Operating Margin at 25.2%* - Net Margin at 19.6%* - Cash flow from operation

  4. Slide 4: Growth Summary (INR)

    Growth Summary (INR) Revenue Q-o-Q Growth Q-o-Q Growth CC 3.7% 642,590 639,730 644,790 634,370 657,990 2.6% 0.8% ` Million 0.0% 0.8% 1.1% -1.6% -0.4% -0.8% -3.3% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Operating Income Operating margin (%) 165,650 154,650 156,

  5. Slide 5: Growth Summary (USD)

    Growth Summary (USD) Revenue Q-o-Q Growth Q-o-Q Growth CC 7,670 7,539 7,465 7,421 7,466 2.2% $ Million 0.0% -0.8% -0.6% 0.8% 1.1% 0.6% -1.7% -1.0% -3.3% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Operating Income Operating margin (%) 1,846 1,844 1,807 1,815 1,879

  6. Slide 6: Operational Parameters

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

  7. Slide 7: Growth by Market

    Growth by Market Q-o-Q Y-o-Y Q-o-Q Y-o-Y Geography (%) Q2 FY25 Q1 FY26 Q2 FY26 CC Growth CC Growth INR Growth INR Growth Americas North America 47.6 48.7 48.8 0.8 - 0.1 3.9 5.0 Latin America 1.8 1.9 1.9 0.3 1.8 5.5 7.4 Europe UK 17.0 18.0 17.5 - 1.4 - 1.9 0.7 5.2 Continental Europe 14.6 15.0 15.3 1.

  8. Slide 8: Growth by Domain

    Growth by Domain Q-o-Q Y-o-Y Q-o-Q Y-o-Y Vertical (%) Q2 FY25 Q1 FY26 Q2 FY26 CC Growth CC Growth INR Growth INR Growth BFSI 30.8 32.0 32.2 1.1 1.0 4.3 7.0 Consumer Business 15.2 15.6 15.3 - 1.0 - 2.9 2.2 3.5 Life Sciences & Healthcare 10.3 10.2 10.5 3.4 - 2.2 6.7 3.9 Manufacturing 8.6 8.7 8.8 1.6 -

  9. Slide 9: Client Parameters

    Client Parameters Clients Contribution Q2 FY25 Q1 FY26 Q2 FY26 US$ 1m+ Clients 1307 1336 1360 US$ 5m+ Clients 710 714 707 US$ 10m+ Clients 491 495 498 US$ 20m+ Clients 298 300 302 US$ 50m+ Clients 136 131 136 US$ 100m+ Clients 66 62 60 *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, Voluntary Attrition, Diversity

    Total Employee Base Voluntary Attrition*: 612,724 613,069 • 13.3% (LTM), IT Services 606,998 607,354 607,979 593,314 Diversity: • 35.2 % Women employees • 149 Nationalities *Excluding Subsidiaries Talent Development: • 33.4Mn Learning Hrs (YTD) • 2.6Mn competencies acquired (YTD) • 159K associates w

  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 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Revenue 642,590 634,370 657,990 100.0 100.0 100.0 Cost of revenue 397,200 386,120 397,580 61.8 60.8 60.4 Gross margin 245,390 248,250 260,410 38.2 39.2 39.6 SG & A expenses 90,740 93,110 94

  14. Slide 14: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Employee cost 292,670 301,960 308,920 45.5 47.6 46.9 Fees to external consultants 28,070 30,630 33,090 4.4 4.8 5.0 Equipment and software 32,300 7,260 9,670 5.0 1.1 1.5 Facility expenses 5,360 5,940 5,540 0

  15. Slide 15: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q2 FY25 Q1 FY26 Q2 FY26 Net Cash from Operations 119,320 128,040 132,930 Capital Expenditure 8,060 14,040 12,010 Free Cash Flow 111,260 114,000 120,920 Dividends Paid 36,470 109,400 40,210 Operating Cash Flow to Sales (%) 18.6 20.2 20.2 Operating Cash Flow to Net Profi

  16. Slide 16: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-25 30-Sep-25 Assets Property and equipment 129,320 135,850 Right-of-use Assets 92,750 106,920 Intangible assets and Goodwill 49,640 47,470 Accounts Receivable 502,330 543,010 Unbilled Revenues 154,700 166,340 Invested Funds 472,

  17. Slide 17: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Revenue 7,670 7,421 7,466 100.0 100.0 100.0 Cost of revenue 4,741 4,517 4,512 61.8 60.8 60.4 Gross margin 2,929 2,904 2,954 38.2 39.2 39.6 SG & A expenses 1,083 1,089 1,075 14.1 14

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

    COR – SG&A Details – In USD $ Million % of Revenue COR Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Employee cost 3,493 3,532 3,505 45.5 47.6 46.9 Fees to external consultants 335 358 376 4.4 4.8 5.0 Equipment and software 386 85 110 5.0 1.1 1.5 Facility expenses 64 69 63 0.8 0.9 0.8 Depreciation

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

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-25 30-Sep-25 Assets Property and equipment 1,514 1,530 Right-of-use Assets 1,086 1,204 Intangible assets and Goodwill 580 535 Accounts Receivable 5,880 6,115 Unbilled Revenues 1,811 1,873 Invested Funds 5,526 6,301 Other

  20. Slide 20: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Revenue 64,259 63,437 65,799 100.0 100.0 100.0 Expenditure a) Employee Costs 36,654 37,715 38,606 57.0 59.5 58.7 b) Cost of equipment and software licences 3,230 726 967 5.

  21. Slide 21: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-25 30-Sep-25 Assets Property and equipment 12,524 13,107 Right-of-use Assets 9,275 10,692 Intangible assets and Goodwill 2,800 2,571 Accounts Receivable 50,233 54,301 Unbilled Revenues 15,470 16,634 Invested Funds 47,222 55,950 O

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

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 USD 83.78 85.49 88.13 49.32% 49.73% 49.79% GBP 110.23 115.80 118.11 14.86% 15.78% 15.16% EUR 92.41 98.04 102.70 11.15% 11.65% 11.73% Others 24.67% 22.84% 23.32% Total 10

  23. Slide 23: Thank you

    Thank you Copyright © 2025 Tata Consultancy Services Limited

Tata Consultancy Services — Q2 FY2025-26 Earnings Presentation on 6ix