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Tata Consultancy Services (TCS) reported consolidated net profit of ₹13,884 crore for Q2 FY2026-27, up 14.9% year over year, and revenue of ₹73,188 crore, up 11.2%, according to Business Standard. The quarter ended September 30, 2026, and TCS announced the results on October 8. The company also declared a dividend of ₹12 per share, payable October 30 to shareholders on the October 14 record date.

What TCS reported for Q2 FY2026-27

The quarter ran from July 1 through September 30, 2026. TCS announced its results on October 8. Business Standard reported the consolidated rupee-denominated figures below; TCS’s own release presents headline revenue and net profit in US dollars.

Measure Q2 FY2026-27 Comparison Source
Consolidated net profit ₹13,884 crore Up 14.9% year over year from ₹12,075 crore Business Standard
Reported revenue ₹73,188 crore Up 11.2% year over year from ₹65,799 crore Business Standard
Revenue US$7.642 billion — TCS Q2 FY27 release
Net profit US$1.450 billion Net margin: 19.0% TCS Q2 FY27 release
Operating margin 24.0% — TCS Q2 FY27 release

The INR and USD values are the figures reported in the respective sources, not separate profit-growth claims. For growth context, the 14.9% profit increase and 11.2% revenue increase are year-over-year comparisons; TCS separately reported 0.5% sequential revenue growth in constant currency.

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How to read the growth figures

The comparison basis matters: year-over-year growth compares Q2 with the same quarter a year earlier, while quarter-over-quarter growth compares it with the immediately preceding quarter. TCS’s 0.5% quarter-over-quarter constant-currency figure adjusts for currency movements; it should not be treated as directly interchangeable with Business Standard’s 11.2% year-over-year reported-revenue growth in rupees.

TCS reported a 24.0% operating margin alongside the revenue and profit figures. Revenue growth and margin describe different aspects of performance: growth shows the change in sales, while margin expresses operating profit relative to revenue.

Performance varied across businesses and regions

TCS reported quarter-over-quarter constant-currency growth of 2.5% in Banking, Financial Services and Insurance (BFSI), and 3.1% each in Manufacturing and Technology & Services. Consumer Business declined 0.7%, while Energy, Resources and Utilities declined 0.5%.

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Regional results were also uneven: North America grew 0.4% sequentially in constant currency, while India declined 10.3% on the same basis.

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AI revenue and announced client developments

TCS said annualized AI revenue reached US$3.1 billion in Q2 FY27 and reported Q2 total contract value of US$9.6 billion. Annualized revenue is a run-rate measure, not the same as revenue earned from AI during the quarter.

The company announced a five-year strategic partnership with Porsche AG that includes a proposed acquisition of MHP, Porsche’s Germany-based management and IT consulting subsidiary, subject to regulatory approvals. TCS also announced an agreement to transition Best Buy’s India Global Capability Center to TCS and transform it into an AI Capability Center. These announcements describe business developments; they do not establish that the partnerships caused the quarter’s reported results.

TCS Q2 dividend: amount and dates

The board declared a Q2 FY2026-27 dividend of ₹12 per share. TCS’s October 8 release lists October 14, 2026 as the record date and October 30, 2026 as the payment date. The record date is the date used to determine eligible shareholders; the payment date is when the dividend is scheduled to be paid.

TCS’s dividend history also lists a separate ₹12 interim dividend for Q1 FY2026-27, with July dates. That is an earlier quarter’s dividend, not the Q2 declaration. See the TCS dividend history for historical entries.

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What TCS management said

CEO and Managing Director K Krithivasan described growth as broad-based across international markets and most industry segments, and characterized the Porsche and Best Buy announcements as transformation partnerships focused on industrializing AI.

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Executive Director, President and COO Aarthi Subramanian said AI momentum remained strong, with annualized AI revenue exceeding US$3 billion, and highlighted demand for AI-native solutions, enterprise transformation and autonomous global business services. CFO Samir Seksaria said the company continued investing in capabilities through acquisitions, partnerships and niche talent, while emphasizing cash conversion and profitability.

What these results do—and do not—show

The quarter’s reported figures establish year-over-year increases in consolidated profit and rupee revenue, alongside modest sequential constant-currency revenue growth and a 24.0% operating margin. Segment and regional results show that growth was not uniform. The announcement does not establish how TCS shares will perform in the future.

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