TCS Q2 Results 2025 Highlights: Profit rises just 1% YoY to ₹12,075 crore; ₹11 dividend announced

TCS Q2 Results LIVE Updates: According to the company data, TCS's total workforce count witnessed a 19,755 fall to 593,314 as of the second quarter of the financial year 2025-26, compared to their 613,069 headcount level as of the end of the first quarter of the fiscal year.

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TCS Q2 Results LIVE Updates: Tata Consultancy Services share price is set to be in focus of stock market investors on Friday, 10 October 2025, after the company posted a 1.4% YoY growth in its consolidated net profit to ₹12,075 crore for the July-September period, compared to the same period the previous fiscal year's ₹11,909 crore levels.

TCS shares closed 1.16% higher at ₹3,061.95 after Thursday's stock market session, compared to ₹3,026.85 at the previous market close.

TCS has acquired 100% stake in ListEngage, a leading Salesforce Summit partner. ListEngage is a full stack Salesforce partner that specialises in Marketing Cloud, CRM, Data Cloud, Agentforce, and AI advisory services for enterprises. This strategic acquisition strengthens TCS’ Salesforce capabilities, adding specialisations across the full range of Salesforce marketing tools.

Through this strategic investment, TCS adds over 100 experienced professionals with over 400 Salesforce certifications to its Enterprise Solutions unit in the United States. The acquisition reflects TCS’ renewed emphasis on inorganic growth, supporting its strategic priorities in high-potential areas such as AI, Cloud, Cybersecurity, Digital Engineering and Enterprise Solutions.

As on September 30, 2025, the company applied for 9,226 patents, including 239 applied during the quarter, and has been granted 5,086 patents including 147 granted during the quarter.

• New business entity to build world-class AI infrastructure - 1 GW capacity AI datacenter in India
• Board approves acquisition of ListEngage with deep capabilities in Salesforce
• Sustained investments in nurturing AI-first culture and talent - World’s largest ‘Ideate and Build with AI’ Hackathon with 275,000 TCSers

Aarthi Subramanian, Executive Director - President and Chief Operating Officer, said “We delivered strong growth momentum led by Data, Cloud and AI powered enterprise transformation. Our customer engagements are focused on rapid value realization to deliver speed, efficiency and growth. TCS' AI Hackathon set a new benchmark – is the largest, most diverse and innovative AI-first culture building initiative. Our new AI and Services Transformation unit will further scale and integrate our efforts.”

Samir Seksaria, Chief Financial Officer, said, “We achieved good growth momentum across all verticals this quarter. Our disciplined execution helped us expand our margins while making strategic investments. We have prioritized wage hikes, building future-ready capabilities and establishing new ecosystem partnerships. Looking ahead, our financial resilience and robust balance sheet will support both internal transformation initiatives and external investments aligned with our aspiration.”

TCS said it witnessed a broad-based growth across verticals, led by continued momentum in BFSI (+1.1% QoQ CC), TSS (+1.8% QoQ CC).

Life Sciences and Healthcare (+3.4% QoQ CC), Manufacturing (+1.6% QoQ CC) and CMI (+0.8% QoQ CC) deliver growth amidst industry specific challenges.

The company said international revenue grew 0.6% QoQ in Constant Currency terms. The North American market saw a growth QoQ but declined YoY. Meanwhile, India business also saw a sharp drawdown on YoY basis.

The total contract value during the quarter under consideration was $10 billion in Q2 FY26.. The figure was higher than $9.4 billion in the preceding quarter of FY26.

The company said its operating margin stood at 25.2% in Q2 FY26, an expansion of 70 bps QoQ. The figure stood at 24.1% in the same period a year ago.

K Krithivasan, Chief Executive Officer and Managing Director, said, “I am pleased with our strong Q2 performance. I would like to thank all our employees for their dedication and excellence. We are on a journey to become the world’s largest AI-led technology services company. Our journey is anchored in bold transformation across talent, infrastructure, ecosystem partnerships, and customer value. The investments, including the building of a world-class AI infrastructure business, demonstrate our commitment to this transformation.”

On a sequential basis, the revenue was higher by 3.7% QoQ at ₹65,799 crore. Meanwhile, the revenue rose 0.8% QoQ in Constant Currency terms. As for the profit, TCS Q2 PAT dipped 5.36% from ₹12,760 crore in Q1 FY26.

TCS witnessed a 2.4% YoY jump in its revenue from operations to ₹65,799 crore in Q2 FY26 from ₹64,259 crore posted in the same period last year.

TCS witnessed a 1.3% YoY rise in its net profit for the second quarter of FY2025-26 to ₹12,075 crore. The company had posted a profit of ₹11,909 crore in the same period last year. The figure was lower than analyst estimates.

TCS share price closed 1% higher on the BSE and NSE today, ahead of the Q2 results announcement. On BSE, TCS share price settled at ₹3061, an uptick of 1.13% while on the NSE, the stock ended at 3,060.20, up 1.09%.

Centrum sees an 8.1% YoY rise in TCS' Q2 PAT to ₹12872 crore amid a 1.8% rise in revenue to ₹65418 crore. "We expect cc revenue growth of 1.0% QoQ led by BFSI and Hitech verticals, supported by low base of Q1FY26," it added.

While the Sep’25 quarter should see a one-time charge for the severance, our PAT estimate of INR 126 billion does not include this one-time charge. We expect the TCV to be in the range of USD 7–9 billion for Q2, supported by the EUR 550 million Tryg deal.

• Any uptick in the pace of client decision-making, especially in the consumer, manufacturing, and auto sectors in the wake of US tariffs.
• Pace of ramp-up in existing deals and new deal closures.
• GenAI-led automation impact on volume of work, pricing, and hiring.
• Growth guidance in international markets for FY26.
• Puts and takes for margins against the backdrop of slowing growth in international markets.
• Outlook for the BFSI vertical in the wake of the Fed’s rate cuts.
• Update on the BSNL PO and ramp-up in Q3FY26.
• Impact from the H-1B visa cost hike (TCS has the highest H-1B visa exposure among large caps, per USCIS data).
• Any implications from the JLR cyber-attack incident.

TCS Q2 Results LIVE: Axis Securities expects TCS to post topline growth of 3.5% QoQ, led by growth in BFSI, Hi-tech and cross-currency tailwinds. Margins are likely to decline by 21 bps due to wage hike, higher investments and lower utilisation. Deal pipeline, vertical commentary, outlook on wage hikes, H1B visa impact and outlook on BSNL advance purchase order, are among key things to watch out for in TCS Q2 results today.

TCS Q2 Results LIVE: TCS is estimated to report 2.1% revenue growth to ₹64,738 crore in Q2 from ₹63,437 crore, QoQ. Revenue in USD terms is expected to rise 0.2% QoQ to $7,433 million. Net profit is expected to increase 2.3% QoQ to ₹13,058 crore, while EBIT is estimated to rise 2.9% QoQ to ₹15,970 crore, with EBIT margin expanding by 20 bps to 24.7%, as per Nuvama estimates.

TCS Q2 Results LIVE: Nuvama Institutional Equities expects TCS to deliver 0.2% QoQ CC/USD revenue growth. India business to remain flat with the BSNL deal ramp down complete in Q1. Margin to improve by 20 bps QoQ despite one month of wage hike impact. We will watch out for the outlook on US macro amid the tariff uncertainty and update on employee restructuring.

TCS Q2 Results LIVE: Motilal Oswal Financial Services expects TCS to post revenue growth of 1.0% QoQ CC, with international business growing ~1% and India flat. It assumes the BSNL ramp-up in Q3. EBIT margin is expected to decline ~20 bps QoQ due to one-month impact of wage hikes, talent investments, lower utilization, and constrained leverage. Outlook on near-term demand & tech budgets, BFSI vertical, and deal wins are key monitorables.

We believe pyramid and productivity gains remain key levers, but pricing pressure, client behavior, and the GenAI transition signal a start of realignment as vendors adapt pricing and delivery models, MOFSL said.

TCS Q2 Results LIVE: Riyank Arora, Technical Analyst at Mehta Equities Ltd. said that TCS share price is currently showing resilience above its key 20-day and 50-day EMAs, confirming a steady bullish undertone.

“TCS stock price has formed a higher low structure on the daily chart, reflecting accumulation at lower levels. RSI remains neutral around 55, indicating balanced momentum with potential for renewed strength on a breakout above ₹3,050. A sustained move beyond this level could open the door toward ₹3,150 – ₹3,200, while immediate support lies near ₹2,980, keeping the overall trend positive,” Arora said.

TCS Q2 Results LIVE: Sugandha Sachdeva, Founder, SS WealthStreet noted that from a technical standpoint, TCS share price has established a strong base near the ₹2,800 - ₹2,870 zone on the monthly charts.

“TCS stock price has already gained around 4.5% month-to-date, and the monthly RSI reading of 39.22 indicates that downside momentum is easing, hinting at an emerging recovery. Should TCS Q2 results meet expectations and management guidance turn constructive, TCS share price could witness a renewed rally towards ₹3,500 (which coincides with the 20-period EMA on the monthly timeframe) and subsequently ₹3,620,” Sachdeva said.

TCS Q2 Results LIVE: The Indian IT sector continues to grapple with a challenging macroeconomic backdrop, and TCS has not been immune to these headwinds. Persistent pricing pressures, elevated wage costs, higher onsite investments, and subdued client spending in the US have collectively weighed on the industry’s revenue trajectory. The ongoing tariff war, alongside H-1B visa fee hikes and the proposed US Hire Bill, has further heightened uncertainty for technology outsourcing firms that derive a significant portion of their revenues from the US market, said Sugandha Sachdeva, Founder, SS WealthStreet.

However, one key factor that has partly cushioned the downside for the sector has been the persistent weakness in the Indian rupee, which has provided some offset to the top-line and margin pressures emanating from overseas markets, she added.

TCS Q2 Results LIVE: Dhanshree Jadhav, a technology analyst at Choice Institutional Equities, expects TCS to witness revenue growth of 1.7% QoQ in dollar terms to $7,545 million in Q2FY26E.

“This growth will be driven by the resilience of the BFSI vertical, while the consumer and pharma verticals are likely to remain weak due to supply chain delays and higher R&D costs. In INR terms, we expect topline growth of 3.8% QoQ to ₹658 billion. We expect PAT to be down 1.6% OoQ to RS 125 billion in Q2FY26E. Margin is likely to stay flat QoQ at 24.6%, led by full quarter impact of the ramp-down of the low-margin BSNL deal in Q1FY26 as well as 2% INR depreciation against USD,” Jadhav said.

TCS Q2 Results LIVE: Indian IT bellwether TCS has reportedly called off its post-earnings press conference for the second quarter earnings (Q2), slated to take place today, October 9, as the date overlaps with Ratan Tata’s death anniversary. According to media reports, the analyst call will take place today. Mint could not independently verify the development.

TCS Q2 Results LIVE: TCS Q2 EBIT margin is estimated to decline by 20 basis points (bps) to 24.3% from 24.5%, QoQ, due to one-month impact of wage hikes, talent investments, lower utilization, and constrained leverage. However, rupee depreciation is likely to offset some impact of wage revision, which was effective September 1.

TCS Q2 Results LIVE: TCS net profit in Q2FY26 is expected to rise 2.3% to ₹13,058 crore from ₹12,760 crore, QoQ. The company’s net profit is estimated to grow 9.6% from ₹11,909 crore in the year-ago quarter, according to estimates by Nuvama Institutional Equities.

TCS Q2 Results LIVE: TCS is estimated to report revenue growth of 1.0% QoQ in Constant Currency (CC) terms, with international business growing ~1% and India business remaining flat. The company’s overall revenue in Q2FY26 is expected to grow 3.1% QoQ to ₹65,403 crore, led by growth in BFSI, Hi-tech verticals and cross-currency tailwinds. Revenue in dollar terms is expected to grow 1% QoQ to $7,492 million, according to Motilal Oswal Financial Services. Ramp-downs in a few accounts and weak demand environment will lead to moderate revenue growth for the company.

TCS Q2 Results LIVE: IT major TCS is expected to report softer Q2 results, with revenue and profit being stable sequentially. TCS is expected to post modest revenue growth of 1.0% QoQ in CC terms, with overall revenue in Q2FY26 is estimated to grow around 3% QoQ, while EBIT margin is expected to decline.

TCS Q2 Results LIVE: TCS share price traded higher on Thursday, ahead of the announcement of its Q2 results today. TCS shares opened higher at ₹3,035 apiece as compared to its previous close of ₹3,026.85 apiece on the BSE. The largecap IT stock jumped 0.75% to ₹3,049.70 apiece, with its market capitalization around ₹11 lakh crore.

TCS Q2 Results LIVE: TCS will kick start the July-September quarter earnings season today, a challenging quarter for the Indian companies marked by subdued discretionary spending, elongated decision-making cycles, cautious client sentiment amid macroeconomic uncertainty, and disruption from AI-driven technology shifts.

TCS Q2 Results LIVE: TCS Board of directors will also consider declaration of a second interim dividend to the equity shareholders. TCS dividend record date has been fixed as October 15, Wednesday, to determine the eligibility of the shareholders to receive the dividend.

TCS Q2 Results LIVE: Tata Consultancy Services (TCS), the largest software services exporter in India, is set to announce its Q2 results today, TCS Q2 results will be reported after market hours on Thursday, 9 October 2025. The board of directors of TCS will meet today to consider and approve the financial results for the second quarter of FY26.