TCS Q2 Revenue at ₹73,188 Cr, Up 11.2% YoY; Secures Major Deals with Porsche and Best Buy
TCS reported Q2 revenue of ₹73,188 crore, up 11.2% YoY. Key deals include a strategic partnership with Porsche AG and acquisition of its subsidiary MHP, and transforming Best Buy's GCC into an AI Capability Center. Operating margin was 24.0%, and net profit was ₹13,884 crore. The company declared a dividend of ₹12 per share.
The announcement includes substantial strategic wins like the Porsche partnership and acquisition, along with strong financial results and positive future outlooks discussed by the management, which are likely to have a significant impact on the company's market position and future growth.
The company reported strong year-on-year revenue growth, significant strategic deal wins with major clients like Porsche and Best Buy, and healthy profit margins. The commentary from leadership highlights positive momentum in AI and strategic partnerships.
Tata Consultancy Services (TCS) announced its consolidated financial results for the quarter ending September 30, 2026. The company reported a revenue of ₹73,188 crore, marking a growth of 1.3% quarter-on-quarter and 11.2% year-on-year in INR. In Constant Currency (CC), revenue grew by 0.5% QoQ and 2.8% YoY.
The company highlighted significant strategic deal wins during the quarter. These include a five-year partnership with Porsche AG, involving the acquisition of its Germany-based IT consulting subsidiary, MHP, to establish a dedicated AI Mobility Centre of Excellence. Additionally, TCS will transition Best Buy’s Global Capability Center (GCC) in India, transforming it into an AI Capability Center (AICC).
Other key wins include a partnership with Honeywell Technologies for SAP S/4HANA transformation, a long-term strategic agreement with Aareal Bank for infrastructure support, and a partnership with Vodafone Business to accelerate digital adoption. TCS also launched several new facilities and platforms, including the TCS Industrial Autonomy & Engineering Lab, TCS Autonomous Engineering Lab Powered by NVIDIA, Gemini Experience Centers in Mexico City and Kolkata, an AI-native TCS Interactive Creative Engineering Studio in London, and the TCS ADDTM AgentHub.
Operating Margin stood at 24.0%, with Net Profit at ₹13,884 crore, resulting in a Net Margin of 19.0%. Net Cash from Operations was ₹14,190 crore, representing 102.2% of Net Income. The company's workforce strength reached 598,056 employees, with a Last Twelve Months (LTM) attrition rate of 13.3% for IT Services. TCS announced a dividend of ₹12 per share, with a record date of October 14, 2026, and a payment date of October 30, 2026. The company also reported progress in its patent filings, with a cumulative total of 5,885 patents granted.
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