TCS reports 15.00 percent profit growth as TCS stock gains 4.31 percent

Published on 10/09/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net profit reached INR 138.84 billion, up 15.00 percent year over year. TCS stock was INR 2,165.50 on October 9, 2026 versus INR 2,076.00.

Key points in brief

TCS reported second-quarter net profit of INR 138.84 billion, up 15.00 percent year over year.
Revenue reached USD 7.642 billion in the quarter ended September 30, 2026, while operating margin was 24.00 percent.
TCS stock traded at INR 2,165.50 on the NSE on October 9, 2026, up 4.31 percent versus INR 2,076.00.
The company declared a second interim dividend of INR 12.00 per share for fiscal year 2026-27.

TCS, INE467B01029, Illustration mit AI erstellt.

TCS reported second-quarter net profit of INR 138.84 billion on October 8, 2026, up 15.00 percent year over year, and TCS stock traded 4.31 percent higher at INR 2,165.50 on the NSE on October 9, 2026. The results came with a second interim dividend of INR 12.00 per share for fiscal year 2026-27, according to The Economic Times.

Q2 revenue reaches USD 7.642 billion

For the quarter ended September 30, 2026, TCS posted revenue of USD 7.642 billion, up 0.20 percent quarter over quarter and 2.40 percent year over year in constant currency. International revenue grew 1.20 percent quarter over quarter in constant currency, while annualized artificial intelligence revenue reached USD 3.10 billion, crossing 10.00 percent of total revenue, according to TCS.

The same release reported total contract value of USD 9.60 billion and net cash from operations of USD 1.48 billion, equal to 102.20 percent of net income. The figures show stronger international activity, but the quarter still delivered only modest constant-currency revenue growth.

What limits margin recovery?

Operating margin was 24.00 percent in the second quarter, unchanged sequentially and below TCS's long-term aspiration of 26.00 percent to 28.00 percent. The Economic Times reported that subcontractor expenses increased 90 basis points quarter over quarter as the company invested in artificial intelligence partnerships, ecosystems and talent.

Analyst views remain divided. Nomura kept a Buy rating with a target of INR 2,630.00, while Morgan Stanley maintained Equal-weight with a target of INR 2,160.00, according to The Economic Times. Goldman Sachs retained Buy with a target of INR 2,210.00, while the report said margins fell short of expectations as headcount rose for the third consecutive quarter.

TCS stock trades above its prior close

TCS stock was trading at INR 2,165.50 on the NSE on October 9, 2026 at 2:41 p.m. IST, up INR 89.50 or 4.31 percent from the prior close of INR 2,076.00. The structured market quote put market capitalization at INR 7.8 trillion, with a 52-week range of INR 1,976.80 to INR 3,350.00, as of October 9, 2026.