TCS Q1 Results 2026 Live Updates: Shares Trade Lower Ahead Of Earnings; Focus On Revenue, Dividend, Hiring
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 2026 Live Updates: India's biggest IT company Tata Consultancy Services is scheduled to announced its April to June quarter earnings for fiscal 2026-27 on Thursday, July 9.
The IT giant 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 amid an uncertain demand environment.
According to Bloomberg estimates, around 1% quarter-on-quarter increase in revenue is expected, while operating profit is to decline 3% and net profit 2%. Revenue in constant currency terms is projected to grow 3.58% year-on-year, while employee attrition is seen rising to 11.5%.
Get all live updates on TCS Q1 results here.
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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