TCS Q3 Results LIVE: Segment Highlights
Growth by domain (Q-o-Q Constant currency growth in %)
BFSI -0.4
Consumer Business 1.3
Life Sciences & Healthcare 0.9
Manufacturing 0.2
Technology & Services -1.3
Communication & Media 0.6
Energy, Resources and Utilities 1
Regional Markets & Others 4.6
Growth by markets (Q-o-Q Constant currency growth in %)
North America 0.1
Latin America 4.6
UK -1.9
Continental Europe 2.1
Asia Pacific 1.1
India 8
Middle East and Africa 3.2
TCS Q3 Results LIVE: CFO Says Balance Sheet Robust For Investing In AI
"Our sustained margin performance and strong cash conversion this quarter, reflects our disciplined execution and financial resilience. Backed by a robust balance sheet, we continue to invest confidently in strategic growth areas. Executing our five-pillar AI strategy at speed and scale is central to our transformation into an AI-first enterprise, and delivering long-term value for our stakeholders."
-- Samir Seksaria, Chief Financial Office
TCS Q3 Results LIVE: Research And Innovation
As of December 2025, the company had applied for 9,428 patents, including 202 applied during the quarter and been granted 5,262 patents including 176 during the quarter.
TCS Q3 Results LIVE: CEO Statement On 'Five-Pillar Strategy'
“The growth momentum we witnessed in Q2FY26 continued in Q3FY26. We remain steadfast in our ambition to become the world’s largest AI-led technology services company, guided by a comprehensive five-pillar strategy. Our AI services now generate $1.8 billion in annualized revenue, reflecting the significant value we provide to clients through targeted investments across the entire AI stack, from Infrastructure to Intelligence.”
-- K Krithivasan, Chief Executive Officer and Managing Director
TCS Q3 Results LIVE: AI Income Grows
TCS's annualised AI services revenue at $1.8 billion; up 17.3% QoQ in Constant Currency.
TCS Q3 Results LIVE: Attrition Rate Marginally Rises
TCS's attrition rate marginally rose to 13.5% in the third quarter, compared to 13.3% in the previous quarter.
Total headcount fell by 11,151 to 5,82,163 in Q3 from 5,93,314 in Q2.
From Q1FY26 after restructuring announcement, employee count down 30,906.
TCS Q3 Results LIVE: Order Book At $9.3 Billion
TCS's order book stood at $9.3 billion in the December quarter.
TCS Q3 Results LIVE: Labour Code Impact
TCS says one-time provisioning of labour codes in Q3 at Rs 2,128 crore.
On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws.
TCS Q3 Results LIVE: Net Profit Miss Estimates
TCS Q3 Results (Consolidated, QoQ)
Net profit down 11.7% at Rs 10,720 crore versus Rs 12,131 crore (Estimate of Rs 13,006 crore).
Revenue up 2% at Rs 67,087 crore versus Rs 67,087 crore (Estimate of Rs 66,849 crore).
EBIT margin at 25.2% (Estimate: 24.9%)
EBIT at Rs 16,889 crore versus (Estimate of Rs 16,732 crore)
Cash flow from operations at 130.4% of net profit
TCS Q3 Results LIVE: Bumper Dividend Of Rs 57
The board has declared a third interim dividend of Rs 11 and a special dividend of Rs 46 per Equity Share.
TCS Q3 Results LIVE: Estimates (Consolidated, QoQ)
Revenue 2% higher at 66,849 crore versus Rs 65,799 crore
EBIT seen 8% higher at Rs 16,732 crore versus Rs 15,430 crore
EBIT margin seen expanding to 25.02% versus 23.45%
Profit seen 8% higher at Rs 13,006 crore versus Rs 12,075 crore
TCS Q3 Results LIVE: Stock Ends Near Day-High
TCS share price ended near the day's high ahead of Q3 results.
The stock is down 24% on a 12-month basis.
TCS Q3 Results LIVE: How IT Stocks Are Faring
TCS Q3 Results LIVE: Nifty IT Trades Lower
TCS Q3 Results LIVE: Check Share Price
TCS Q3 Results LIVE: A Quick Guide To Earnings Estimates
Here's what analysts tracked by Bloomberg expect TCS to report sequentially on a consolidated basis for the December quarter:
Revenue 2% higher at 66,849 crore versus Rs 65,799 crore
EBIT seen 8% higher at Rs 16,732 crore versus Rs 15,430 crore
EBIT margin seen expanding to 25.02% versus 23.45%
Profit seen 8% higher at Rs 13,006 crore versus Rs 12,075 crore
TCS Q3 Results LIVE: BFSI And Key Verticals Under The Lens
Sector-wise performance is expected to be mixed, with BFSI demand remaining a core focus area. Commentary on financial services clients, spending priorities and project scopes will be keenly tracked.
Beyond BFSI, analysts will look for updates on communications, media and other large verticals where activity may be stabilising. Signs of reduced deferrals could indicate a gradual normalisation in client behaviour.
The company’s ability to navigate uneven sector demand will be central to its near-term growth narrative.
TCS Q3 Results LIVE: Deal Wins, Pipeline Commentary To Take Centre Stage
Deal wins are expected to land within a wide band, keeping investors focused on pipeline strength rather than a single headline number. The composition of wins, their geography and ramp-up timelines may offer more insight into demand conditions than the absolute value.
Analysts are looking for clarity on whether recent deal closures are translating into executable revenue or remaining delayed. Any colour on client decision cycles and contract tenures will be important.
This commentary could help markets gauge whether growth visibility is improving or merely stabilising.
TCS Q3 Results LIVE Updates: What Management Commentary Could Signal For FY26
Beyond the headline numbers, the market is expected to dissect management’s outlook on calendar year 2026 budgets and client spending priorities. Analysts are keen to hear whether enterprises are reopening discretionary tech spends or continuing to adopt a wait-and-watch approach.
Updates on artificial intelligence adoption, efficiency-led spending and the impact of restructuring efforts on margins will be key. Commentary on visa costs, offshore mix and pricing discipline could also shape expectations for the coming quarters.
With deal wins expected to stay within a broad range, the tone of management commentary may prove more important than the numbers themselves in setting direction for IT stocks.
TCS Q3 Results LIVE Updates: BSNL Overhang And Wage Hikes Shape The Quarter
The BSNL ramp-down remains a key overhang for revenue growth, with no expected contribution to topline expansion in the December quarter. Analysts are instead focused on management’s commentary around the timeline for the next phase of execution and how it could influence growth going forward.
At the same time, wage hikes implemented during the quarter are expected to weigh on margins, particularly due to the timing and duration of the increase. How the company offsets this through utilisation, headcount optimisation and currency movements will be a central theme.
Any guidance on cost structure adjustments or one-off items linked to employee restructuring will be closely analysed.
TCS Q3 Results LIVE Updates: Growth Outlook Hinges On Deal Flow And Geography
While near-term growth remains modest, analysts see early signs that deal execution could stabilise in key verticals. Expectations are centred on international markets, particularly North America and Europe, with limited contribution from large domestic contracts during the quarter.
Constant currency growth is projected to stay below 1%, reflecting cautious client spending and delayed decision-making. That said, commentary around deal pipelines, deal conversion timelines and sector-specific trends will be critical for understanding whether growth could improve in the coming quarters.
Investors will be listening for updates on demand trends in BFSI and communications, as well as clarity on whether delays and deferrals have begun to ease.
TCS Q3 Results LIVE Updates: Margin In Focus As Earnings Season Begins
Tata Consultancy Services is set to open the December-quarter earnings season, with attention firmly on margins rather than topline growth. Analysts expect profitability to hold up even as revenue growth stays constrained by client caution and the ongoing BSNL ramp-down.
Bloomberg estimates point to a sequential improvement in operating profit and net profit, helped by cost levers and operational efficiencies. This comes despite wage hikes during the quarter, which are expected to have a visible, though manageable, impact on margins.
Management commentary on margin drivers, cost controls and sustainability of profitability will be closely tracked as investors look for early signals on how the rest of the IT sector may fare.
TCS Q3 Results LIVE Updates: IT Behemoth To Kickoff Quarterly Earnings Season
Hello and welcome to our live coverage of TCS Q3 results.
India’s largest IT exporter kicks off the December-quarter earnings season today, with markets watching margins, deal wins and commentary on growth headwinds.
Catch all the live updates and minute-by-minute coverage as the company is set to announce its quarterly results later in the day.
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