TCS Q2 Results: Cons PAT rises 1.4% YoY to Rs 12,075 crore, misses street estimates

Indian IT bellwether Tata Consultancy Services on Thursday reported a 1.4% growth in its Q2 net profit at Rs 12,075 crore versus Rs 11,909 crore in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the company and was below Street’s estimates of Rs 12,573 crore.

The revenue from operations stood at Rs 65,799 crore, up 2.4% over Rs 64,259 crore posted in the corresponding quarter of the last financial year.

The company announced a second interim dividend of Rs 11 per equity share which will be paid on Tuesday, November 4, 2025. The company has set the record date on October 15, 2025.

The company’s revenue was up 3.7% on a sequential basis compared to Rs 63,437 crore reported in Q1FY26 while increasing 0.8% in Constant Currency.

Key takeaways:

— TCS’ international revenue grew 0.6% QoQ in constant currency while company claimed a broad-based growth across verticals, led by continued momentum in BFSI (+1.1% QoQ CC), TSS (+1.8% QoQ CC). The Life Sciences and Healthcare segment reported a 3.4% QoQ CC growth while manufacturing rose 1.6% QoQ CC amidst industry specific challenges. The CMI segment rose 0.8% QoQ.

— The operating margin stood at 25.2% which was an expansion of 70 bps QoQ.— The operating margin stood at 25.2% which was an expansion of 70 bps QoQ.— The net income was up 8.4% YoY while the net margin stood at 19.6%.

— Cash flow from operations was at 110.1% of the net income.

— Q2 Total Contract Value (TCV) was reported at $10 billion.