The Tata Group company kicked off the Nifty 50 earnings season for the June quarter today. TCS’ net profit and margins were above expectations, while its topline was a marginal miss.
Net profit for the quarter stood at ₹12,760 crore as against a CNBC-TV18 poll of ₹12,127 crore. The profit is mainly aided by other income.The company’s other income stood at ₹1,660 crore, compared to ₹1,028 crore in the fourth quarter of FY25.
TCS recorded revenue of ₹63,437 crore, which is a decline of 1.6%, in comparison to ₹64,479 crore in the March quarter. A CNBC-TV18 poll had projected the revenue in rupee terms to decline by 0.4% to ₹64,206 crore.In US Dollar terms, the IT giant’s revenue declined 0.6% quarter-on-quarter as against an estimate of 0.6% growth. TCS recorded revenue of $7,421 million, in comparison to $7,465 million in the previous quarter.
TCS’ constant currency (CC) revenue for the first quarter of financial year 2026 declined 3.3% quarter-on-quarter. A CNBC-TV18 poll expected the IT major to report a 1.4% sequential decline in CC revenue growth.
For the first quarter, TCS reported earnings before interest and tax (EBIT) of ₹15,514 crore, which is below than expectations of ₹15,623 crore. EBIT margin stood at 24.5% as against CNBC-TV18’s poll of 24.3%.
TCS won deals worth $9.4 billion during the June quarter, which is lower than the $12.2 billion TCV that was reported during the fourth quarter of the last financial year. The company’s headcount has seen an increase on both sequential as well as on a year-on-year basis.
Shares of TCS ended 0.38% higher on Thursday at ₹3,397.30, ahead of the earnings announcement. The stock is down nearly 18% so far in 2025.
First Published: Jul 10, 2025 4:10 PM IS
