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Q4 Results Today Live: Tata Consultancy Services Ltd. kick started the earnings season on Thursday. TCS reported a 29% sequential rise in its net profit for the fourth quarter of fiscal 2026. The IT giant registered its consolidated bottom-line at Rs 13,720 crore for quarter ended March 31, 2026. In the previous quarter its net profit stood at Rs 10,657 crore. Analysts on Bloomberg had estimated a net profit of Rs 13,581 crore.
Revenue rose 5.5% to Rs 70,698 crore from Rs 67,087 crore, beating analysts' estimate of Rs 67,087 crore.
The company has also recommended a final dividend of Rs 31 per share for the financial year 2025-26
The American Depository Receipts of Wipro Ltd. and Infosys Ltd. were trading lower on Thursday after Tata Consultancy Services Ltd. posted its fourth quarter earnings.
While the ADR of Wipro fell over 1% at $2.23, Infosys was trading over 2.64% lower at $13.63.
The ADR is a tool for multinationals/foreign companies (primarily based outside the US) or organisations to trade on US stock markets, just like regular shares of US companies.
In theory, an ADR is similar to a special certificate issued by a US bank. It is a negotiable certificate representing shares in a foreign company traded on US stock exchanges.
Aarthi Subramanian, the Executive Director-President and Chief Operating Officer of TCS said they are working significantly with Anthropic and will announce partnership soon.
Positive Of FY27 & International Business
Manufacturing Sector Saw Good Growth
Order Book Growth On Back Of Vendor Consolidation
Salary Hike Took Effect From April 1
FY26 Saw Significant Investment In AI Partnership
Incurred 100 Bps Impact From Investments
On Annual Bases CC Saw Down Tick Of 2.4%
Strong Performance Despite Uncertainties
K Krithivasan, CEO & MD, TCS
K Krithivasan, CEO & MD, TCS
K Krithivasan, CEO & MD, TCS
Sudeep Kunnumal, Chief HR Officer
Samir Seksaria is the Chief Financial Office, said:
Samir Seksaria is the Chief Financial Office, said:
Samir Seksaria is the Chief Financial Office, said:
Samir Seksaria is the Chief Financial Office, said:
Samir Seksaria is the Chief Financial Officer
Despite global uncertainties co saw a strong FY26 in terms of deal win, said K Krithivasan, CEO & MD, TCS
TCS concall began on Thursday after the Q4 results at 7 p.m. During the call K Krithivasan, CEO & MD, TCS said:
“It will be tough,” said Anshul Jethi, research analyst covering IT services, fintech and technology at LKP Securities. While he acknowledged that TCS has exceeded expectations on the total contract value (TCV) front, potentially even giving TCS a solid cushion heading into FY27, he said the company must provide more clarity on how much of the deal momentum is truly AI-related.
Jethi went on to predict that reaching the golden double-digit growth for TCS might not be a possibility anytime soon, especially amid demand and discretionary spending glut and the Middle East conflict.
On acquisitions, however, Jethi offered a more nuanced view. According to the analyst, TCS has made “pretty neat acquisitions,” and the targets look attractive based on their historical performance. However, the bigger question is integration.
Good companies acquired by large organisations do not always generate the expected synergies if culture, operating models or go-to-market structures do not align, says Jethi.
Read more: 400% Goodwill Surge: TCS Spent Big in FY26 — But Can It Turn Acquisitions Into Alpha?
Although TCS' sequential profit growth - at 29% - for the four quarter has to be looked at with context, given that Q3 was largely impacted by one-time Labour Codes impact of around Rs 2,128 crore, the profitability can still be considered a thumbs up.
Indeed, TCS Q4 profitability came in at Rs 13,718.00 crore, which is comfortably in line with analyst estimates of Rs 13,430 crore. This considerable jump points to a slightly stronger profitability trend.
The company recommended a final dividend of Rs 31 per share, taking FY26 total payout to Rs 110 per share. While the payout remains robust, it came in below analyst expectations for a final dividend of about Rs 40 per share and below Bloomberg-tracked full-year expectations of Rs 120 per share
TCS' quarter four newsflow was dominated by its deeper push into AI, with critical partnerships with the likes of OpenAI, AMD, ABB, Honeywell, ServiceNow, Nvidia, Cisco, Gitlab and Zscaler, among others. The management are also quite buoyant on AI, having witnessed sustained customer convinction in tech spends.
The IT major also reported Q4 total contract value of $12 billion, among its highest ever, including three mega deals.
Annualised AI revenue also crossed $2.3 billion in the quarter, which is another indicator of the company's strong push towards the new technology.
When comparing the consolidated and standalone FY26 results, it appears subsidiaries accounted for about 17.3% of TCS' revenue, but only 0.7% of profit.
Tata Consultancy Services has been busy buying growth in FY26. The company spent a whopping Rs 6,750 crore for acquisitions during the year, according to its consolidated cash flow statement, with the biggest bets tied to ListEngage and Coastal Cloud.
Naturally, the large spending had a considerable impact on the balance sheet, with Goodwill jumping from Rs 1,860 crore a year earlier to Rs 9,108 crore, showcasing a fourfold growth. This is a trend that signals how heavily TCS leaned on acquisitions to deepen its capabilities this year, particularly on the AI side of things.
On a sequential basis, the total workforce increased by 2,356 employees 5,84,519 in the January-March quarter from 5,82,163 employees in the preceding December quarter of FY26. However, on an annual basis, the total headcount declined by 23,460 employees from 6,07,979 in the year-ago period. The voluntary last-12 months (LTM) attrition rate rose to 13.7%. TCS reported 5.2 million competencies acquired in FY26 and 69 million total learnings hours clocked by employees during the full-year.
"We are pleased to implement annual salary increases across all grades effective 1st April. In Q4, we continued to invest in a future ready workforce with strong additions across experienced talent and campus hires. Building an AI first culture and equipping our people with AI ready skills remained a key priority in FY26 and will continue into FY27, as we align closely with our customers' evolving needs," said Sudeep Kunnumal, Chief HR Officer, TCS in the press release.
TCS closed the financial year 2025-26 (FY26) with a total employee headcount of 5,84,519. ''Women makes up 35.2% of total employee strength,'' said the software services firm in its statement on Thursday, April 9. During the third quarter, TCS informed the stock exchanges, that from the first quarter of FY26, employee headcount had fallen by 30,906 then, after the restructuring program. In July 2025, TCS disclosed plans to slash its workforce by 2% in FY26, affecting the middle and senior management.
Tata Consultancy Services Ltd. has released its fourth quarter results for the financial year ending March 2026, notably reporting a sharp sequential rebound in profit and a healthy growth in revenue, even though final dividend payout for the full year was slightly lower than expected.
Here are five key takeaways from the IT major's Q4FY26 results.
Read more here.
“We are pleased to report the third consecutive quarter of sequential growth, supported by three mega deals and a $12 billion TCV, underscoring the strength of our five pillar strategy and our AI led positioning across services. It is equally encouraging that this momentum was broad based across major markets and most industries. While the macro-economic headwinds continue, we see sustained customer conviction in technology investments, which positions us well for the opportunities ahead,” said K Krithivasan, Chief Executive Officer and Managing Director TCS.
BFSI vertical saw a growth of 31.6% in the last quarter, while consumer business rose 15.7%. Life science and healthcare and manufacturing saw a growth of 10.4% and 8.8%, respectively. Technology and services vertical posted a growth of 8.4% and communication and media reported a growth of 5.8%. Energy, resources and utilities and regional markets and others also saw a growth of 6.3% and 13%, respectively.
Tata Consultancy Services (TCS) announced its fourth quarter results for fiscal 2026-27(Q4FY26) and reported that its attrition rate rose to 13.7% compared to 13.5% in the previous third quarter of FY26. India's largest information technology (IT) services giant's headcount in the March quarter rose by over 2,000 employees to 5,84,519 from 5,82,163 in September quarter.
Read more here
TCS in its press release said that TCV performance was strong if fiscal 2026 at $40.7 billion, it stood at $12 billion in the fourth quarter. Giving details on deals it said 3 mega deals were reported in the quarter and five for the fiscal year.
Annualused AI revenue crosses $2.3 billion in the fourth quarter of the last financial year.
TCS on Thursday announced a dividend of Rs 31 per share.
Read more here: TCS Announces Final Dividend Of Rs 31/Share, Lower Than Analyst Estimates
TCS announced its results on Thursday.
Revenue up 5.4% to Rs 70,698.00 crore versus Rs 67,087.00 crore.
Net Profit up 29% to Rs 13,718.00 crore versus Rs 10,657.00 crore.
Ebita up 6% to Rs 17,870.00 crore versus Rs 16,889.00 crore
Margin at 25.3% versus 25.2%.
Read more: TCS Q4 Results: Profit Jumps Nearly 30%; Beats Estimates
TCS is set to announce earnings soon. here are few key things for watch:
Read more here: AI Stratergy To Deal Wins: Six Key Things To Watch In TCS Q4 Results
TCS shares ahead of the fourth quarter results closed over 1% higher. The shares on Thursday closed 1.2% higher at Rs 2,590 apiece. This compares to a 0.95% decline in the NSE Nifty 50 Index. During the day, the stock rose as much as 1.79% to Rs 2,605 per share.
It has fallen 20.22% in the last 12 months and 19.22% year-to-date.
Historical data shows that Tata Consultancy Services has maintained steady dividend payouts across financial years, with variations depending on earnings and board decisions. In FY25, the company declared a total dividend of Rs 126 per share, above the estimated Rs 121.03 per share. In FY24, it announced Rs 73 per share, slightly below the expected Rs 74.06 per share.
In FY23, the payout stood at Rs 115 per share, higher than estimates of Rs 95.93 per share. The company declared Rs 43 per share in FY22 against an expected Rs 52.35 per share, and Rs 38 per share in FY21 compared with projections of Rs 46.16 per share.
In FY20, the dividend of Rs 73 per share was broadly in line with expectations of Rs 73.1 per share.
Tata Consultancy Services Ltd. will announce its third-quarter results on Thursday, April 9, with investors also watching for a dividend declaration.
The software exporter may announce a dividend of about Rs 40 per share as it moves closer to analyst estimates for the current financial year.
So far in FY26, the company has paid dividends totalling Rs 79 per share. Bloomberg-tracked analyst estimates place the full-year dividend at Rs 120 per share, with projections ranging from Rs 68 to Rs 179. Based on this range, the remaining payout implied is around Rs 40 per share.
With AI rapidly reshaping the IT services industry, TCS's strategy to harness this momentum will be under scrutiny. Investors are looking for clarity on:
With global uncertainties persisting and technology disruption accelerating, TCS's results could set the tone for the broader Indian IT pack in the quarters ahead.
Investors will closely parse management commentary on:
Updates on macro conditions, including developments in the US and West Asia, will also be crucial.
Street sentiment is positive on TCS.
Of the 51 analysts tracking the stock, 37 have a ‘buy' recommendation, nine suggest ‘hold' and five advise ‘sell'. This translates into an average target price of Rs 3,093.13, implying an upside potential of nearly 21%.
Analysts estimate total contract value (TCV) for the quarter in the range of $7 billion to $11 billion, varying by brokerage. Margins are expected to see a marginal uptick, with EBIT margin projected at 25.27%, compared with 25.20% in the December quarter.
Market participants will also closely scrutinise management's outlook on demand trends in key verticals such as BFSI and retail, technology spending budgets, particularly in the US and Europe, and hiring plans and workforce adjustments.
The Anand Rathi Wealth board has approved a bonus issue of one share for every one held. The company will also pay shareholders a final dividend of Rs 7 per share for financial year 2026.
The record date for both the corporate actions will be announced separately.
Bloomberg consensus pegs revenue at about Rs 68,932 crore, implying a 3% sequential increase. Growth is expected to be driven largely by developed markets and recent acquisitions, while organic momentum is seen as relatively muted. Net profit is estimated to rise 27% sequentially to Rs 13,581 crore, supported by operating leverage and continued cost‑control initiatives. EBIT is also expected to edge higher to Rs 17,345 crore from Rs 16,889 crore in the preceding quarter.
ALSO READ: AI Strategy To Deal Wins: Six Key Things To Watch In TCS Q4 Results
Tata Consultancy Services is in focus today as India's largest IT services exporter is set to announce its Q4 results post-market hours today. This is the start to the Q4 earnings season, which will be looked closely by investors across the board.
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