TCS Q2 Results: IT Giant Skips Attrition Rate, Headcount Details In Unusual Move
TCS Q2 Results: As a customary practice, TCS also releases its LTM attrition rate and headcount, apart from highlighting the net profit, topline growth, and operational metrics every quarter.
TCS Q2 Results: Tata Consultancy Services (TCS) announced its July-Sept quarter results for fiscal 2025-26 (Q2FY26) on Thursday, Oct.9, however, in an unusual move, the information technology (IT) services giant did not announce its quarterly attrition rate and total headcount figures.
As a customary practice of declaring earnings, India's largest IT major also releases its LTM attrition rate and total employee workforce, apart from highlighting the net profit, topline growth, and operational metrics every quarter.
The IT major provides a press release immediately after declaring earnings results, which usually has details of total headcount, employee metrics, and the attrition rate of the last 12 months. However, in Q2 FY26 results, TCS skipped attrition and headcount figures in their official press release.
TCS Layoffs
Earlier in the quarter, TCS had disclosed plans to slash its workforce by 2% in FY26, affecting the middle and senior management. TCS announced plans to retrain and redeploy staff as it spreads into new markets by adopting advanced technologies and integrates artificial intelligence (AI).
Around 12,200 roles were said to be removed as part of the workforce transition. "This transition is being planned with due care to ensure there is no impact on service delivery to our clients," said TCS in July 2025.
"We understand that this is a challenging time for our colleagues likely to be affected. We thank them for their service and we will be making all efforts to provide appropriate benefits, outplacement, counselling, and support as they transition to new opportunities," it added.
However, media reports have indicated that employees and IT unions claim the actual number of exits is far higher, alleging that many are being asked to resign voluntarily to keep the official layoff numbers low.
IT employees body Nascent Information Technology Employees Senate (NITES) alleged coercion and pressure tactics by TCS so that employees quit voluntarily. Some employee unions have claimed that the actual number of job losses is much higher — between 50,000 and 100,000.
TCS Q1 Attrition Rate
In the preceding April-June quarter of FY26, TCS reported that its attrition rate neared a two-year high to 13.8% compared to 13.3% in the fourth quarter of FY25. TCS had also reported that its total headcount in the June quarter rose to 6,13,069. TCS added net 6,071 employees in the first quarter of FY26 which took its headcount to 6,13,069, up from 607,979 in Q4 FY25.
On a sequential basis, the workforce grew by 5,090 in the June quarter from the preceding March quarter's count of 607,979. As on June 30, 2025, TCS applied for 8,987 patents, including 171 applied during the quarter, and has been granted 4,939 patents including 119 granted during the June quarter.
TCS Q2 FY26 Results
TCS reported a drop of 5.4% in consolidated net profit to Rs 12,075 crore during the second quarter of current fiscal, compared to Rs 12,760 crore in the preceding April-June quarter of FY26. The bottom line rose 1.4% YoY.
The IT major's revenue from operations in the second quarter of current fiscal rose 3.7% to Rs 65,799 crore, compared to Rs 63,437 crore in the first quarter of FY26. On a year-on-year (YoY) basis, the IT major's topline rose 2.4%.
TCS announced a second interim dividend of Rs 11 per equity share for FY25. The dividend will have a face value of Re 1. TCS board has fixed Oct. 15 as the record date for the purpose of dividend payment. Additionally, TCS announced that it will pay the interim dividend on Nov. 4, 2025.
