TCS Q1 Results Live: Order Book Slips Sequentially; Touched $2.6 Billion AI Revenue Run Rate Annually
TCS is expected to post modest revenue growth in the first quarter, while margin and profit are likely to come under pressure from the full-quarter impact of wage hikes.
TCS Q1 Results: India's biggest IT company Tata Consultancy Services has announced its first quarter financial performance for FY27.
Profit has fallen, but met D-street expectations, attrition came in slightly above anticipated, and dividend was below estimates.
Get all live updates on TCS Q1 results here.
TCS Q1FY27: Did Salaries Increase This Quarter?
Sudeep Kunnumal, Chief HR Officer, said
- Completed annual salary increments for all associates globally this qtr.
- Aligned salary structures with the new India Labour Code requirements.
- Continue to invest in AI infra, next-gen skill development platforms.
TCS Q1FY27: CFO Seksaria on Wage Hikes
- In Q1, rolled out annual wage hikes.
- Strengthened partnerships & investments to enhance competitiveness.
- Focus on building, acquiring, or partnering for AI-led capabilities.
Q1 Results Live: Why Did TCS Profit Fall?
Tata Consultancy Services Ltd. net profit fell 2.7% at Rs 13,349 crore in the first quarter of this fiscal. This is in comparison to profit of Rs 13,718 crore in the fourth quarter of fiscal 2026, according to its stock exchange notification on Thursday. This comes as there was an exceptional item of Rs 668 crore for settlement of legal claims in the quarter ended June.
TCS Q1FY27: COO Subramanian On AI Partnerships
Aarthi Subramanian, Executive Director - President and Chief Operating Officer
- Q1 saw strong growth across several services.
- Won multiple AI-led transformation deals.
- Deals wins validate approach to AI-led ITOps, accelerated Software Engg & Modernization,
- AI-first process redesign & implementation of SaaS solutions and Autonomous GBS.
- Signed strategic partnerships with Anthropic & Mistral expanding AI ecosystem.
TCS Q1: CEO & MD Says AI Business Revenue Expanded To $2.6B
CEO & MD K Krithivasan Says:
- Q1 FY27 reflects continued growth momentum
- Delivered a strong order book of $9.5 billion.
- Signed marquee AI-led transformation deal with SKF
- Continued to add clients across key revenue bands
- Scaled AI biz to a $2.6 billion annualized revenue run rate
TCS Q1FY27 Live: Segmental Performance
TCS Q1 additional highlights; segment-wise performance
- Signed one $800 million deal with SKF in Q1
- IT services attrition at 13.6%
- BFSI business revenue up 1.6% QoQ
- Consumer business revenue down 4% QoQ
- Life sciences and healthcare revenue down 1% QoQ
- Manufacturing business revenue down 0.5% QoQ
- India business up 7.6% QoQ
- North America business down 0.4% QoQ
- Workforce strength at 5.94 lakh as of Q1 FY27
TCS Q1FY27 Live: Constant Currency Growth Meets Expectations
TCS Q1FY27 Highlights (Cons, QoQ)
- Constant currency revenue growth at 0.4% QoQ
- Constant currency revenue growth at 0.4% QoQ, in line with estimates
- Total contract value at $9.5 billion
TCS Q1FY27: Rs 12 Per Share Dividend Below Expectations
Tata Consultancy Services declared a dividend of Rs 12 per share, on Thursday, versus an estimate of Rs 19, as per an exchange filing from the company.
The record date for determining the eligbility of shareholders for the dividend payout is July 15, 2026. The amount wil paid to the respective stakeholders on July 31, 2026.
The equity shareholders of the company, are those whose names appear on the register of members or in the records of the depositories as beneficial owners of the shares.
TCS Reports Higher-Than-Anticipated Attrition During April-June Period
TCS Reports Higher-Than-Anticipated Attrition During April-June Period
TCS:
Higher than anticipated attrition
Reported: 13.6%
Bloomberg Estimates: 11.5%
Headcount (In line with estimates)
Reported: 593798
Bloomberg Estimates: 591437
TCS Net Profit Slips 3%, Even As Revenue Rises
TCS Q1FY27
- Net profit down 2.7% to Rs 13,349 crore versus Rs 13,718 crore QoQ
- Revenue up 2.2% to Rs 72,275 crore versus Rs 70,698 crore QoQ
- Ebit down 3.1% to Rs 17,317 crore versus Rs 17,870 crore QoQ
- Margin at 24% versus 25.3% QoQ
TCS Q1 Results Live: Net Profit Meets Estimates
TCS Q1 (Cons, QoQ)
- Net profit at Rs 13,349 crore versus estimate of Rs 13,504 crore
- Revenue at Rs 72,275 crore versus estimate of Rs 71,691 crore
- Ebit at Rs 17,317 crore versus estimate of Rs 17,312 crore
- Margin at 24% versus estimate of 24.15%
TCS Q1 Results 2026 Live: Shares End Little Changed
Tata Consultancy Services Ltd. settled 0.07% higher at Rs 2,059 apiece on the NSE ahead of its Q1 FY27 results.
TCS Q1 Results 2026 Live Updates: TCS Q4FY26 Earnings
TCS reported a 12.13% year-on-year (YoY) rise in consolidated profit to Rs 13,784 crore in Q4FY26 from Rs 12,293 crore in Q4FY25. Total revenue from operations jumped 9.64% YoY to Rs 70,698 crore in Q4FY26 from Rs 64,479 crore in the same period in the previous financial year.
TCS Q1 Results 2026 Live Updates: Trading Window Closure
In accordance with SEBI rules to prevent insider trading, the trading window for dealing in securities of the company is closed from June 23 until 48 hours after the declaration of financial results for the first quarter.
TCS Q1 Results 2026 Live Updates: What To Expect From IT Sector?
According to Bloomberg estimates, the IT sector faces another challenging earnings season. The June quarter is unlikely to offer a meaningful relief for IT stocks, as weak discretionary spending continues to weigh on demand, while AI-led efficiency gains are putting pressure on growth and pricing. For the IT giant, here are the five key things to watch out for investors
TCS Q1 Results 2026 Live Updates: Dividend Update
The Board of Directors will also consider the declaration of an interim dividend to the equity shareholders.
“The interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, July 15, 2026, which is the Record Date fixed for the purpose,” the company said in the exchange filing.
TCS Q1 Results 2026 Live Updates: Shares Continue To Trade Low
TCS Q1 Results 2026 Live Updates: Margins To Drop?
UBS, Jefferies, Citi, and Nuvama Institutional Equities expect TCS margins to decline by about 120-160 basis points due to the full-quarter wage hike impact, partly offset by rupee depreciation or currency tailwinds amid the West Asia war. In FY26, TCS reported its highest operating margin in four years at 25.3%, while the net margin stood at 19.4%.
TCS Q1 Results 2026 Live Updates: What To Expect From Revenue?
According to Bloomberg estimates, a 1% quarter-on-quarter increase in revenue is expected, while revenue in constant currency terms is projected to grow 3.58% year-on-year. Global brokerage Citi expects around 0.3% quarter-on-quarter constant currency revenue growth despite a cross-currency headwind. TCS closed FY26 with consolidated revenue of Rs 2.67 lakh crore and a net profit of Rs 48,553 crore. In FY25, TCS reported revenue of $30.18 billion, marking 3.8% year-on-year growth.
TCS Q1 Results 2026 Live Updates: What Does Citi Expect?
Citi
- The brokerage expects around 0.3% quarter-on-quarter constant currency revenue growth despite a cross-currency headwind.
- Margins expected to decline by about 110 basis points due to wage hikes, partly offset by rupee depreciation.
- Deal total contract value expected to be around $10 billion.
- Key focus areas include demand outlook, margin trajectory, deal wins, and trends in the BFSI and retail verticals.
TCS Q1 Results 2026 Live Updates: Earnings Call Date And Time
TCS will also host an earnings conference call today at 7 p.m. IST (21:30 hrs SST/HKT, 13:30 hrs UTC, 09:30 hrs US ET), during which the leadership will discuss financial performance and address questions.
TCS Q1 Results 2026 Live Updates: About Deal Wins
The total contract value or deal wins is likely to be in the $9 billion-$10 billion range, according to Jefferies. In FY26, TCS ended the year with a record annual TCV of $40.7 billion, including $12 billion in the March quarter. Deal wins, project ramp-ups and the ability of companies to monetise artificial intelligence will be among the biggest factors to watch, as per analysts.
TCS Q1 Results 2026 Live Updates: What Does Jefferies Expect From TCS Earnings?
- The brokerage expects 0.2% quarter-on-quarter constant currency revenue growth, including about 20 basis points of inorganic contribution.
- Does not expect any contribution from the second phase of the BSNL project.
- Margins to drop by about 120 basis points due to wage hikes, partly offset by rupee depreciation.
- Deal wins expected in the $9 billion-$10 billion range.
- Focus areas include demand in BFSI, North America and Europe, BSNL ramp-up, AI impact on growth, FY27 outlook and AI strategy.
TCS Q1 Results 2026 Live Updates: Check TCS Share Price
TCS Q1 Results 2026 Live Updates: Hiring Update
TCS returned to net employee additions in the March quarter of FY26. It added 2,356 employees during the fourth quarter of FY26 after reducing its workforce by 19,755 employees in the September quarter and 11,151 employees in the December quarter of the previous fiscal over AI-related headwinds. Bloomberg consensus estimates suggest TCS could again report a decline in its workforce, with net employee reductions of 6,875, dragging the total headcount to 591,437.
TCS Q1 Results 2026 Live Updates: Will margins decline?
According to analysts at UBS, Jefferies, Citi, and Nuvama Institutional Equities, TCS margins are likely to decline by about 120-160 basis points due to the full-quarter wage hike impact, partly offset by rupee depreciation or currency tailwinds amid the West Asia war. In FY26, TCS reported its highest operating margin in four years at 25.3%, while the net margin stood at 19.4%.
TCS Q1 Results 2026 Live Updates: Focus on AI spending
AI emerged as a key growth driver for TCS in the previous fiscal, with annualised AI revenue crossing $2.3 billion. Recent commentary from global IT services majors suggest that enterprises remain cautious on discretionary technology spending even as investments in AI continue. Investors will watch whether TCS echoes a similar assessment of client spending and AI adoption.
TCS Q1 Results 2026 Live Updates: What to expect?
TCS Q1FY27 Bloomberg Estimates (Consolidated, QoQ)
- Revenue seen 1% higher at Rs 71,743 crore versus Rs 70,698 crore
- EBIT seen 3% lower at Rs 17,284 crore versus Rs 17,870
- EBIT Margin seen at 24.19% versus 25.27%
- Profit seen 2% lower at Rs 13,485 crore versus Rs 13,718 crore
TCS Q1 Results 2026 Live Updates: Shares Down 2%
Shares of TCS are trading lower ahead of its Q1 earnings scheduled to be announced later in the day. The stock opened 0.16% lower at Rs 2,055 apiece, and later slumped further to 1.97% lower at Rs 2,018 apiece.
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