| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 73,188 | 65,799 | +11.2% |
| EBITDA | 18,815 | 17,978 | +4.7% |
| EBITDA margin | 25.7% | 27.3% | −1.6 pts |
| Profit before tax | 18,638 | 16,068 | +16.0% |
| Net profit | 13,934 | 12,131 | +14.9% |
| EPS | ₹38.37 | ₹33.37 | +15.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 8,90,520 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 45,688 | 40,187 | 39,031 | 40,497 | 44,020 | ||
| 1,008 | 1,238 | 1,015 | 830 | 782 | ||
| 8,45,840 | — | — | — | — | ||
| 2,83,248 | 2,67,021 | 2,55,324 | 2,40,893 | 2,25,458 | ||
| — | +4.6% | +6.0% | +6.8% | — | ||
| 74,916 | 72,398 | 67,407 | 64,296 | 59,259 | ||
| 26.4% | 27.1% | 26.4% | 26.7% | 26.3% | ||
| 69,629 | 66,838 | 62,165 | 59,311 | 54,237 | ||
| 51,858 | 49,454 | 48,797 | 46,099 | 42,303 | ||
| 18.3% | 18.5% | 19.1% | 19.1% | 18.8% | ||
| ₹142.56 | ₹135.94 | ₹134.12 | ₹126.82 | ₹116.43 | ||
| — | +1.4% | +5.8% | +8.9% | — | ||
| — | 52,094 | 48,908 | 44,338 | 41,965 | ||
| — | −4,078 | −3,937 | −2,674 | −3,100 | ||
| 48,016 | 48,016 | 44,971 | 41,664 | 38,865 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 8,90,520.0 | |
| - Cash, Equiv & ST Investments | 44,020.0 | 40,497.0 | 39,031.0 | 40,187.0 | 45,688.0 | |
| + Minority Interest | 782.0 | 830.0 | 1,015.0 | 1,238.0 | 1,008.0 | |
| Enterprise Value | — | — | — | — | 8,45,840.0 | |
| Revenue | 2,25,458.0 | 2,40,893.0 | 2,55,324.0 | 2,67,021.0 | 2,83,248.0 | |
| Growth %, YoY | — | +6.8 | +6.0 | +4.6 | — | |
| EBITDA | 59,259.0 | 64,296.0 | 67,407.0 | 72,398.0 | 74,916.0 | |
| Margin % | 26.28 | 26.69 | 26.40 | 27.11 | 26.45 | |
| EBIT | 54,237.0 | 59,311.0 | 62,165.0 | 66,838.0 | 69,629.0 | |
| Net Income | 42,303.0 | 46,099.0 | 48,797.0 | 49,454.0 | 51,858.0 | |
| Margin % | 18.76 | 19.14 | 19.11 | 18.52 | 18.31 | |
| EPS, Adj (current shares) | 116.43 | 126.82 | 134.12 | 135.94 | 142.56 | |
| Growth %, YoY | — | +8.9 | +5.8 | +1.4 | — | |
| Cash from Operations | 41,965.0 | 44,338.0 | 48,908.0 | 52,094.0 | — | |
| Capital Expenditures | -3,100.0 | -2,674.0 | -3,937.0 | -4,078.0 | — | |
| Free Cash Flow | 38,865.0 | 41,664.0 | 44,971.0 | 48,016.0 | 48,016.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Tata Consultancy Services (NSE: TCS) had a market capitalisation of ₹8,97,036 crore at the 29 October 2026 close (₹2,478.00 a share), a PE ratio of 17.4 on the last four quarters' profit and a price-to-book ratio of 7.54. In FY26 its consolidated net profit attributable to shareholders was ₹49,210 crore on revenue of ₹2,67,021 crore; in Q2 FY27 (July–September 2026) it was ₹13,884 crore, up 15.0% year on year. It had no borrowings on 30 September 2026. Promoters held 71.77% of the shares on 30 September 2026.
TCS's PE ratio is 17.4 at the 29 October 2026 close (₹2,478.00 a share): a market capitalisation of ₹8,97,036 crore divided by consolidated net profit attributable to shareholders of ₹51,608 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹49,210 crore) it is 18.2.
TCS's price-to-book (PB) ratio is 7.54 at the 29 October 2026 close: a market capitalisation of ₹8,97,036 crore divided by shareholders' equity (book value) of ₹1,18,986 crore on 30 September 2026. That is a book value of ₹328.69 per share against a share price of ₹2,478.00.
TCS's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,18,986 crore (₹1.19 lakh crore) on 30 September 2026, up 11.8% from ₹1,06,415 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹8,97,036 crore at the 29 October 2026 close.
TCS's market capitalisation was ₹8,97,036 crore (₹8.97 lakh crore) at the 29 October 2026 close: 362 crore shares at ₹2,478.00 each.
Yes. TCS had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹54,640 crore of cash, bank balances and current investments.
TCS's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹1,19,994 crore. A year earlier, on 30 September 2025, it was 0.00.
In FY26, TCS's return on equity (ROE) was 48.7% and its return on capital employed (ROCE) was 58.6%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 52.4% and ROCE 60.1%.
In 2026, TCS has declared four dividends totalling ₹112 a share: ₹57 (interim + special) with record date 17 January 2026 and ex-date 16 January 2026, ₹31 with record date 25 May 2026, ₹12 (interim) with record date 15 July 2026 and ₹12 (interim) with record date 14 October 2026.
On 30 September 2026, TCS's shares were held by promoters 71.77%, foreign portfolio investors (FII/FPI) 9.01%, domestic institutions (DII) 13.57% (including mutual funds at 5.65%) and retail and other non-institutional investors 5.65%. Over the year, FII holding was down 1.32 percentage points from 10.33% and DII holding was up 0.87 percentage points from 12.70%.
TCS's book value per share was ₹328.69 on 30 September 2026: shareholders' equity of ₹1,18,986 crore divided by the 362 crore shares in issue, up 11.8% from ₹293.96 a year earlier. The share price at the 29 October 2026 close was ₹2,478.00.
In FY26, TCS generated ₹52,094 crore of cash from operations and spent ₹4,078 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹48,016 crore. In FY25 it was ₹44,971 crore.
TCS's latest results are for Q2 FY27 (July–September 2026), filed on 8 October 2026: consolidated net profit attributable to shareholders ₹13,884 crore, up 15.0% from ₹12,075 crore in Q2 FY26; revenue from operations ₹73,188 crore, up 11.2% year on year.
TCS's basic earnings per share (EPS) were ₹136.01 in FY26, against ₹134.19 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹142.64.
Promoters held 71.77% of TCS on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
TCS has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
TCS's dividend yield is 4.52% at the 29 October 2026 close: dividends of ₹112 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹2,478.00. They were ₹12 on 14 October 2026 (interim), ₹12 on 15 July 2026 (interim), ₹31 on 25 May 2026 and ₹57 on 16 January 2026 (interim + special).
In FY26 (April 2025–March 2026), TCS's consolidated net profit attributable to shareholders was ₹49,210 crore, up 1.4% from ₹48,553 crore in FY25, on revenue from operations of ₹2,67,021 crore (up 4.6%). Over three years, from FY23, net profit was up 16.8%.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, TCS's PE ratio is 18.2, the second highest of the four: Infosys 15.8, HCL Tech 22.9 and Wipro 14.3, a peer average of 17.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Infosys, HCL Tech and Wipro: TCS's operating margin of 25.0% is the highest of the four (Infosys 20.9%, HCL Tech 17.2%, Wipro 16.1%; peer average 18.1%); its return on equity of 48.7% is the highest of the four (Infosys 31.2%, HCL Tech 23.0%, Wipro 15.5%; peer average 23.2%); its revenue growth over three years of 5.8% a year is the third highest of the four (Infosys 6.8% a year, HCL Tech 8.7% a year, Wipro 0.8% a year; peer average 5.4% a year).
In FY26, TCS earned net profit attributable to shareholders of ₹49,210 crore on revenue of ₹2,67,021 crore, against ₹29,440 crore on ₹1,78,650 crore for Infosys. TCS's operating margin was 25.0% (Infosys 20.9%) and its return on equity 48.7% (Infosys 31.2%). At the 29 October 2026 close, TCS's market capitalisation was ₹8,97,036 crore against ₹4,64,562 crore for Infosys, and its PE ratio on FY26 profit 18.2 against 15.8.
From Tata Consultancy Services' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.