Tata Consultancy Services Ltd.
TCSInformation Technology filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 18 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220416 | 2022-03-31 | yes | |
| DUPLICATE | 20220416 | 2022-03-31 | no | |
| TRANSCRIPT | 20220713 | 2022-06-30 | yes | |
| DUPLICATE | 20220713 | 2022-06-30 | no | |
| TRANSCRIPT | 20221014 | 2022-09-30 | yes | |
| DUPLICATE | 20221014 | 2022-09-30 | no | |
| TRANSCRIPT | 20230111 | 2022-12-31 | yes | |
| DUPLICATE | 20230111 | 2022-12-31 | no | |
| TRANSCRIPT | 20230413 | 2023-03-31 | yes | |
| DUPLICATE | 20230413 | 2023-03-31 | no | |
| TRANSCRIPT | 20230714 | 2023-06-30 | yes | |
| DUPLICATE | 20230714 | 2023-06-30 | no | |
| TRANSCRIPT | 20231013 | 2023-09-30 | yes | |
| DUPLICATE | 20231013 | 2023-09-30 | no | |
| TRANSCRIPT | 20240116 | 2023-12-31 | yes | |
| DUPLICATE | 20240116 | 2023-12-31 | no | |
| TRANSCRIPT | 20240417 | 2024-03-31 | yes | |
| DUPLICATE | 20240417 | 2024-03-31 | no | |
| TRANSCRIPT | 20240716 | 2024-06-30 | yes | |
| DUPLICATE | 20240716 | 2024-06-30 | no | |
| TRANSCRIPT | 20241014 | 2024-09-30 | yes | |
| DUPLICATE | 20241014 | 2024-09-30 | no | |
| TRANSCRIPT | 20250113 | 2024-12-31 | yes | |
| DUPLICATE | 20250113 | 2024-12-31 | no | |
| TRANSCRIPT | 20250412 | 2025-03-31 | yes | |
| DUPLICATE | 20250412 | 2025-03-31 | no | |
| TRANSCRIPT | 20250714 | 2025-06-30 | yes | |
| DUPLICATE | 20250714 | 2025-06-30 | no | |
| TRANSCRIPT | 20251015 | 2025-09-30 | yes | |
| DUPLICATE | 20251015 | 2025-09-30 | no | |
| TRANSCRIPT | 20260116 | 2025-12-31 | yes | |
| DUPLICATE | 20260116 | 2025-12-31 | no | |
| TRANSCRIPT | 20260414 | 2026-03-31 | yes | |
| DUPLICATE | 20260414 | 2026-03-31 | no | |
| TRANSCRIPT | 20260715 | 2026-06-30 | yes | |
| DUPLICATE | 20260715 | 2026-06-30 | no |
TCS
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 2,087.00 |
| 52-week range | 1982.6 – 3324.9 |
| Return 1M | -9.11% |
| Return 3M | -0.37% |
| Return 1Y | -31.24% |
| Return 3Y | -41.66% |
| Return 5Y | -46.09% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 72,275.00 |
| Other income | 1,568.00 |
| Total income | 73,843.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 42,137.00 |
| Finance costs | 273.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.72 | 0.00 |
| institutions foreign | 0.09 | -0.01 |
| institutions domestic | 0.13 | 0.00 |
| mutual funds | 0.06 | -0.00 |
| public | 0.28 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| DUPLICATE | 2026-06-30 | 18 |
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 55,309.00 | 58,229.00 | 59,162.00 | 59,381.00 | 59,692.00 | 60,583.00 | 61,237.00 | 62,613.00 | 64,259.00 | 63,973.00 | 64,479.00 | 63,437.00 | 65,799.00 | 67,087.00 | 70,698.00 | 72,275.00 |
| Other income | 965.00 | 520.00 | 1,175.00 | 1,397.00 | 1,006.00 | 862.00 | 1,157.00 | 962.00 | 729.00 | 1,243.00 | 1,028.00 | 1,660.00 | 867.00 | 1,118.00 | 757.00 | 1,568.00 |
| Total income | 56,274.00 | 58,749.00 | 60,337.00 | 60,778.00 | 60,698.00 | 61,445.00 | 62,394.00 | 63,575.00 | 64,988.00 | 65,216.00 | 65,507.00 | 65,097.00 | 66,666.00 | 68,205.00 | 71,455.00 | 73,843.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 31,041.00 | 32,467.00 | 33,687.00 | 35,148.00 | 35,123.00 | 34,722.00 | 35,138.00 | 36,416.00 | 36,654.00 | 35,956.00 | 36,762.00 | 37,715.00 | 38,606.00 | 38,530.00 | 40,143.00 | 42,137.00 |
| Finance costs | 148.00 | 160.00 | 272.00 | 163.00 | 159.00 | 230.00 | 226.00 | 173.00 | 162.00 | 234.00 | 227.00 | 195.00 | 229.00 | 538.00 | 265.00 | 273.00 |
| Depreciation and amortisation | 1,237.00 | 1,269.00 | 1,286.00 | 1,243.00 | 1,263.00 | 1,233.00 | 1,246.00 | 1,220.00 | 1,266.00 | 1,377.00 | 1,379.00 | 1,361.00 | 1,413.00 | 1,380.00 | 1,406.00 | 1,239.00 |
| Other expenses | 9,752.00 | 10,209.00 | 9,701.00 | 9,235.00 | 8,823.00 | 9,473.00 | 8,935.00 | 9,535.00 | 10,874.00 | 10,983.00 | 10,737.00 | 8,847.00 | 9,215.00 | 10,288.00 | 11,279.00 | 11,582.00 |
| Total expenses | 42,178.00 | 44,105.00 | 44,946.00 | 45,789.00 | 45,368.00 | 45,658.00 | 45,545.00 | 47,344.00 | 48,956.00 | 48,550.00 | 49,105.00 | 48,118.00 | 49,463.00 | 50,736.00 | 53,093.00 | 55,231.00 |
| Profit before exceptional items and tax | 14,096.00 | 14,644.00 | 15,391.00 | 14,989.00 | 15,330.00 | 15,787.00 | 16,849.00 | 16,231.00 | 16,032.00 | 16,666.00 | 16,402.00 | 16,979.00 | 17,203.00 | 17,469.00 | 18,362.00 | 18,612.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -958.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,135.00 | -3,391.00 | 0.00 | -668.00 |
| Profit before tax | 14,096.00 | 14,644.00 | 15,391.00 | 14,989.00 | 15,330.00 | 14,829.00 | 16,849.00 | 16,231.00 | 16,032.00 | 16,666.00 | 16,402.00 | 16,979.00 | 16,068.00 | 14,078.00 | 18,362.00 | 17,944.00 |
| Current tax | 3,571.00 | 3,820.00 | 4,079.00 | 3,868.00 | 3,955.00 | 3,633.00 | 4,408.00 | 4,290.00 | 4,078.00 | 4,217.00 | 4,325.00 | 4,163.00 | 3,969.00 | 3,424.00 | 4,832.00 | 4,722.00 |
| Deferred tax | 60.00 | -59.00 | -124.00 | 1.00 | -5.00 | 99.00 | -61.00 | -164.00 | -1.00 | 5.00 | -216.00 | -3.00 | -32.00 | -66.00 | -254.00 | -198.00 |
| Tax expense | 3,631.00 | 3,761.00 | 3,955.00 | 3,869.00 | 3,950.00 | 3,732.00 | 4,347.00 | 4,126.00 | 4,077.00 | 4,222.00 | 4,109.00 | 4,160.00 | 3,937.00 | 3,358.00 | 4,578.00 | 4,524.00 |
| Profit for the period | 10,465.00 | 10,883.00 | 11,436.00 | 11,120.00 | 11,380.00 | 11,097.00 | 12,502.00 | 12,105.00 | 11,955.00 | 12,444.00 | 12,293.00 | 12,819.00 | 12,131.00 | 10,720.00 | 13,784.00 | 13,420.00 |
| Profit attributable to owners | 10,431.00 | 10,846.00 | 11,392.00 | 11,074.00 | 11,342.00 | 11,058.00 | 12,434.00 | 12,040.00 | 11,909.00 | 12,380.00 | 12,224.00 | 12,760.00 | 12,075.00 | 10,657.00 | 13,718.00 | 13,349.00 |
| Profit attributable to non-controlling interests | 34.00 | 37.00 | 44.00 | 46.00 | 38.00 | 39.00 | 68.00 | 65.00 | 46.00 | 64.00 | 69.00 | 59.00 | 56.00 | 63.00 | 66.00 | 71.00 |
| Other comprehensive income | 73.00 | 806.00 | 339.00 | 80.00 | -218.00 | 637.00 | -262.00 | -214.00 | 1,061.00 | -820.00 | 562.00 | 1,281.00 | 420.00 | 388.00 | 661.00 | 253.00 |
| Total comprehensive income | 10,538.00 | 11,689.00 | 11,775.00 | 11,200.00 | 11,162.00 | 11,734.00 | 12,240.00 | 11,891.00 | 13,016.00 | 11,624.00 | 12,855.00 | 14,100.00 | 12,551.00 | 11,108.00 | 14,445.00 | 13,673.00 |
| Earnings per share, basic | 28.51 | 29.64 | 31.14 | 30.26 | 31.00 | 30.29 | 34.37 | 33.28 | 32.92 | 34.21 | 33.79 | 35.27 | 33.37 | 29.45 | 37.92 | 36.90 |
| Earnings per share, diluted | 28.51 | 29.64 | 0.00 | 30.26 | 31.00 | 30.29 | 34.37 | 33.28 | 32.92 | 34.21 | 33.79 | 35.27 | 33.37 | 29.45 | 37.92 | 36.90 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 146,463.00 | 156,949.00 | 164,177.00 | 191,754.00 | 225,458.00 | 240,893.00 | 255,324.00 | 267,021.00 |
| Other income | 4,311.00 | 4,592.00 | 3,134.00 | 4,018.00 | 3,449.00 | 4,422.00 | 3,962.00 | 4,402.00 |
| Total income | 150,774.00 | 161,541.00 | 167,311.00 | 195,772.00 | 228,907.00 | 245,315.00 | 259,286.00 | 271,423.00 |
| Cost of materials consumed | 2,270.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 78,246.00 | 85,952.00 | 91,814.00 | 107,554.00 | 127,522.00 | 140,131.00 | 145,788.00 | 154,994.00 |
| Finance costs | 198.00 | 924.00 | 637.00 | 784.00 | 779.00 | 778.00 | 796.00 | 1,227.00 |
| Depreciation and amortisation | 2,056.00 | 3,529.00 | 4,065.00 | 4,604.00 | 5,022.00 | 4,985.00 | 5,242.00 | 5,560.00 |
| Other expenses | 26,441.00 | 28,888.00 | 25,817.00 | 31,143.00 | 38,677.00 | 36,466.00 | 42,129.00 | 39,629.00 |
| Total expenses | 109,211.00 | 119,293.00 | 122,333.00 | 144,085.00 | 172,000.00 | 182,360.00 | 193,955.00 | 201,410.00 |
| Profit before exceptional items and tax | 41,563.00 | 42,248.00 | 44,978.00 | 51,687.00 | 56,907.00 | 62,955.00 | 65,331.00 | 70,013.00 |
| Exceptional items | 0.00 | 0.00 | -1,218.00 | 0.00 | 0.00 | -958.00 | 0.00 | -4,526.00 |
| Profit before tax | 41,563.00 | 42,248.00 | 43,760.00 | 51,687.00 | 56,907.00 | 61,997.00 | 65,331.00 | 65,487.00 |
| Current tax | 9,502.00 | 10,378.00 | 11,635.00 | 13,654.00 | 14,757.00 | 15,864.00 | 16,910.00 | 16,388.00 |
| Deferred tax | 499.00 | -577.00 | -437.00 | -416.00 | -153.00 | 34.00 | -376.00 | -355.00 |
| Tax expense | 10,001.00 | 9,801.00 | 11,198.00 | 13,238.00 | 14,604.00 | 15,898.00 | 16,534.00 | 16,033.00 |
| Profit for the period | 31,562.00 | 32,447.00 | 32,562.00 | 38,449.00 | 42,303.00 | 46,099.00 | 48,797.00 | 49,454.00 |
| Profit attributable to owners | 31,472.00 | 32,340.00 | 32,430.00 | 38,327.00 | 42,147.00 | 45,908.00 | 48,553.00 | 49,210.00 |
| Profit attributable to non-controlling interests | 90.00 | 107.00 | 132.00 | 122.00 | 156.00 | 191.00 | 244.00 | 244.00 |
| Other comprehensive income | 324.00 | 464.00 | 461.00 | -95.00 | 492.00 | 237.00 | 589.00 | 2,750.00 |
| Total comprehensive income | 31,886.00 | 32,911.00 | 33,023.00 | 38,354.00 | 42,795.00 | 46,336.00 | 49,386.00 | 52,204.00 |
| Earnings per share, basic | 83.05 | 86.19 | 86.71 | 103.62 | 115.19 | 125.88 | 134.19 | 136.01 |
| Earnings per share, diluted | 83.05 | 86.19 | 86.71 | 0.00 | 0.00 | 125.88 | 134.19 | 136.01 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 148,173.00 | 143,651.00 | 154,940.00 | 146,449.00 | 161,124.00 | 159,629.00 | 175,219.00 | 182,372.00 |
| Non-current assets | 31,566.00 | 33,381.00 | 33,431.00 | 33,465.00 | 34,184.00 | 36,618.00 | 40,720.00 | 46,667.00 |
| Current assets | 116,607.00 | 110,270.00 | 121,509.00 | 112,984.00 | 126,940.00 | 123,011.00 | 134,499.00 | 135,705.00 |
| Property, plant and equipment | 10,265.00 | 10,230.00 | 9,464.00 | 9,376.00 | 9,438.00 | 10,978.00 | 10,886.00 | 11,032.00 |
| Capital work-in-progress | 1,513.00 | 1,234.00 | 1,408.00 | 1,564.00 | 1,500.00 | 1,546.00 | 2,221.00 | 2,665.00 |
| Goodwill | 1,698.00 | 1,858.00 | 1,818.00 | 1,832.00 | 1,901.00 | 1,860.00 | 2,032.00 | 9,108.00 |
| Other intangible assets | 8,314.00 | 8,427.00 | 8,286.00 | 8,396.00 | 9,390.00 | 10,215.00 | 11,231.00 | 11,203.00 |
| Inventories | 32.00 | 28.00 | 28.00 | 28.00 | 29.00 | 21.00 | 26.00 | 29.00 |
| Trade receivables | 46,153.00 | 49,954.00 | 51,155.00 | 53,577.00 | 57,710.00 | 59,046.00 | 63,304.00 | 67,714.00 |
| Cash and cash equivalents | 5,834.00 | 7,123.00 | 7,544.00 | 9,016.00 | 8,155.00 | 8,342.00 | 6,358.00 | 6,417.00 |
| Total equity and liabilities | 148,173.00 | 143,651.00 | 154,940.00 | 146,449.00 | 161,124.00 | 159,629.00 | 175,219.00 | 182,372.00 |
| Equity | 98,112.00 | 91,206.00 | 101,412.00 | 91,319.00 | 102,383.00 | 95,771.00 | 107,461.00 | 108,478.00 |
| Equity share capital | 366.00 | 366.00 | 366.00 | 362.00 | 362.00 | 362.00 | 362.00 | 362.00 |
| Other equity | 97,088.00 | 90,058.00 | 100,315.00 | 90,127.00 | 101,133.00 | 94,394.00 | 106,053.00 | 106,878.00 |
| Total liabilities | 50,061.00 | 52,445.00 | 53,528.00 | 55,130.00 | 58,741.00 | 63,858.00 | 67,758.00 | 73,894.00 |
| Non-current liabilities | 9,073.00 | 8,887.00 | 8,624.00 | 9,026.00 | 10,259.00 | 10,857.00 | 12,474.00 | 12,980.00 |
| Current liabilities | 40,988.00 | 43,558.00 | 44,904.00 | 46,104.00 | 48,482.00 | 53,001.00 | 55,284.00 | 60,914.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 10,951.00 | 10,515.00 | 10,532.00 | 9,981.00 | 12,927.00 | 13,909.00 | 14,246.00 | 14,808.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 20,458.00 | 41,965.00 | 22,001.00 | 44,338.00 | 21,999.00 | 48,908.00 | 24,944.00 | 52,094.00 |
| Net cash from investing activities | -10,815.00 | 39.00 | -8,268.00 | 6,026.00 | -8,068.00 | -2,318.00 | -11,165.00 | -12,845.00 |
| Net cash from financing activities | -16,311.00 | -47,878.00 | -13,284.00 | -48,536.00 | -15,011.00 | -47,438.00 | -16,305.00 | -42,133.00 |
| Purchase of property, plant and equipment | 1,324.00 | 2,532.00 | 767.00 | 2,202.00 | 1,491.00 | 2,917.00 | 1,868.00 | 3,670.00 |
| Net increase in cash | -6,654.00 | -5,365.00 | 421.00 | 1,893.00 | -861.00 | -674.00 | -1,984.00 | -1,925.00 |
| con:CFO.BEFORE_TAX | 26,323.00 | 54,931.00 | 27,794.00 | 56,827.00 | 30,711.00 | 64,494.00 | 31,027.00 | 70,367.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,854.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -35.00 |
| con:TAX_PAID.OPERATING | 5,865.00 | 12,966.00 | 5,793.00 | 12,489.00 | 8,712.00 | 15,586.00 | 6,083.00 | 14,384.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 250.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 15.00 | 37.00 | 5.00 | 17.00 | 9.00 | 23.00 | 10.00 | 65.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,063.00 | 554.00 | 7,304.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 72.30 | 72.30 | 72.30 | 72.41 | 71.77 | 71.77 | 71.77 | 71.77 | 71.77 | 71.77 | 0.72 | 0.72 | 0.72 | 0.72 |
| Domestic institutions | 9.64 | 9.86 | 10.06 | 10.09 | 10.67 | 11.06 | 10.91 | 10.91 | 11.56 | 12.01 | 0.13 | 0.13 | 0.13 | 0.13 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 5.13 | 0.06 | 0.06 | 0.06 | 0.06 |
| Insurance companies | 5.57 | 5.74 | 5.90 | 5.92 | 5.98 | 6.13 | 5.96 | 5.83 | 5.75 | 6.03 | 0.06 | 0.06 | 0.07 | 0.07 |
| Foreign institutions | 12.72 | 12.46 | 12.47 | 12.47 | 12.70 | 12.36 | 12.66 | 12.68 | 12.04 | 11.47 | 0.10 | 0.10 | 0.10 | 0.09 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 27.70 | 27.70 | 27.70 | 27.59 | 28.23 | 28.23 | 28.23 | 28.23 | 28.23 | 28.23 | 0.28 | 0.28 | 0.28 | 0.28 |
| Non-institutional | 5.35 | 5.38 | 5.16 | 5.03 | 4.86 | 4.82 | 4.66 | 4.63 | 4.64 | 4.75 | 0.05 | 0.05 | 0.05 | 0.06 |
| Shares outstanding | 3659051373 | 3659051373 | 3659051373 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 | 3618087518 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Tejas Networks Limited | Subsidiaries of Ultimate Holding C | Any other transaction, Purchase of goods or services | 41,810,000,000.00 | 6 |
| Tata America International Corporation | Subsidiaries of TCS | Any other transaction, Dividend received, Sale of go | 41,320,000,000.00 | 13 |
| Tata Consultancy Services Canada Inc. | Subsidiaries of TCS | Any other transaction, Dividend received, Purchase o | 36,520,000,000.00 | 24 |
| Tata Consultancy Services Netherlands B.V. | Subsidiaries of TCS | Any other transaction, Dividend received, Sale of go | 29,510,000,000.00 | 47 |
| Tata Consultancy Services Employees' Provident Fund | Post Employment Benefit Plans | Any other transaction | 26,770,000,000.00 | 1 |
| Tata Consultancy Services Deutschland GmbH | Subsidiaries of TCS | Any other transaction, Dividend received, Sale of go | 23,260,000,000.00 | 58 |
| Tata Consultancy Services De Mexico, S.A. De C.V. | Subsidiaries of TCS | Any other transaction, Dividend received, Purchase o | 21,980,000,000.00 | 27 |
| Tata Consultancy Services Sverige Aktiebolag | Subsidiaries of TCS | Any other transaction, Dividend received, Sale of go | 19,870,000,000.00 | 30 |
| Jaguar Land Rover Limited | Associates of Holding Company and | Any other transaction, Sale of goods or services | 19,170,000,000.00 | 6 |
| Tata Consultancy Services Switzerland Ltd | Subsidiaries of TCS | Any other transaction, Dividend received, Purchase o | 16,880,000,000.00 | 43 |
| Diligenta Limited | Subsidiaries of TCS | Any other transaction, Purchase of goods or services | 12,160,000,000.00 | 11 |
| Tata Consultancy Services Asia Pacific Pte. Ltd. | Subsidiaries of TCS | Any other transaction, Dividend received, Purchase o | 10,300,000,000.00 | 29 |
| Tata Consultancy Services Belgium | Subsidiaries of TCS | Any other transaction, Dividend received, Sale of go | 8,630,000,000.00 | 34 |
| Tata Consultancy Services France | Subsidiaries of TCS | Any other transaction, Sale of goods or services | 8,360,000,000.00 | 41 |
| Tata Consultancy Services Japan, Ltd. | Subsidiaries of TCS | Any other transaction, Dividend received, Sale of go | 8,120,000,000.00 | 15 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-15 | Q1FY27 | Read the call | |
| 2026-04-14 | Q4FY26 | Read the call | |
| 2026-01-16 | Q3FY26 | Read the call | |
| 2025-10-15 | Q2FY26 | Read the call | |
| 2025-07-14 | Q1FY26 | Read the call | |
| 2025-04-12 | Q4FY25 | Read the call | |
| 2025-01-13 | Q3FY25 | Read the call | |
| 2024-10-14 | Q2FY25 | Read the call | |
| 2024-07-16 | Q1FY25 | Read the call | |
| 2024-04-17 | Q4FY24 | Read the call | |
| 2024-01-16 | Q3FY24 | Read the call | |
| 2023-10-13 | Q2FY24 | Read the call | |
| 2023-07-14 | Q1FY24 | Read the call | |
| 2023-04-13 | Q4FY23 | Read the call | |
| 2023-01-11 | Q3FY23 | Read the call | |
| 2022-10-14 | Q2FY23 | Read the call | |
| 2022-07-13 | Q1FY23 | Read the call | |
| 2022-04-16 | Q4FY22 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | — | — | — | — | — | — |
| Capital allocation | — | — | The Board has recommended an interim dividend of ₹11 per share and a special dividend of ₹46 per share. | — | — | — | — | We remain firmly committed to returning substantial free cash flow to shareholders through a consistent and shareholder friendly dividend policy, while … |
| Costs | — | — | These initiatives have resulted in measurable business outcomes for our clients such as reduced manual eƯort, accelerated time-to-market, improved dec… | — | Can you explain what was the nature of the on-site cost pressure during 4Q? | — | — | Customers continued to prioritize cost rationalization to fund a strategic pivot towards AI-led transformation, with spend focused on vendor consolida… |
| Demand | Krithi, I think you might have answered the question indirectly, but any of your discussions with any of your clients in any of the verticals or marke… | How is the mega deal pipeline looking now? | These labs are helping our customers incubate and create a strong pipeline for AI rapid builds. | Question two, from an overall perspective, if you were to look at your demand outlook and the confidence that you have on the outlook versus last year… | In terms of questions, I think the first one is on demand. | Krithi, you reported solid deal wins, and you are indicating that the demand visibility has improved over the previous three months, I think on the pr… | This is despite the 8% decline in the full year bookings and some macro deterioration which we called out over the last four to five weeks. | Our order book performance was also very strong in Q4, with $12 billion in TCV including three mega deal wins from Marks and Spencer, a leading teleco… |
| Guidance | As you are aware, we don't provide specific revenue or earnings guidance. | As you are aware, we don't provide specific revenue or earnings guidance and anything said on this call, which reflects our outlook for the future, or… | As you are aware, we don't provide any specific revenue or earnings guidance and anything said on this call, which reflects our outlook for the future, … | As you are aware, we do not provide specific revenue or earnings guidance. | As you're aware, we don't provide specific revenue or earnings guidance. | So, through the next year, FY'25 through the quarters, should we expect the quarterly movement of margin similar to what we saw this year? | — | As you are aware, we don't provide any specific revenue or earnings guidance, and anything said on this call which reflects our outlook for the future o… |
| Margin | First question is to Samir, in general, companies start cost actions with a bit of lag from the point of demand deterioration, and there will be a fur… | Revenue grew by 4.5% year-on-year in constant currency with an operating margin of 24.5% and a net margin of 19.4%. • We are very pleased with the str… | All of the above resulted in a stable operating margin of 25.2%. | — | And also question about FY 24 margin, because FY 23 margin has been impacted by supply-side issue. | So, we are exiting this year closer to 26% on the margin side. | I meant tactical interventions, which had a sequential margin impact of 100 basis points. | We maintained a strong focus on execution to deliver an operating margin of 25%. |
| People | Also, attrition and supply tightness in the market cooled off significantly from where it was 12 to 15 months ago. | — | This quarter we launched AI-First solutions in hiring and employee onboarding. | While there will be pressures in individual markets or individual capability side, the hiring and the pyramid rebalancing that has happened will also … | And you had talked last quarter of a more normalized annual gross hiring of around 125,000 to 150,000 people as attrition normalizes. | — | Have you seen any change in your mix of hiring, either from campus or laterals which kind of changes the quality versus quantity from a futuristic per… | At the end of March 2026, our global headcount stood at 584,519, with associates from 149 nationalities of whom 35.2% are women. |
| Pricing | — | And the second question was, we've been hearing from some of the industry folks about GenAI giving the managed services players the option to essentia… | — | — | So typically, in these kind of economic slowdowns or downturns, do clients end up asking for pricing discounts or do competitors resort to some pricin… | — | — | — |
| Revenue growth | So more or less flattish, if I look, let's say, 3-year basis, in a way it gets reflected in revenue growth | So, if we reverse engineer the math, are you sort of alluding to a double-digit kind of revenue growth expectation in the core markets in CY'25? | Growth was led by Consumer Business Group, Energy, Resources & Utilities, Life Sciences & Healthcare, and Communications, Media & Information vertical… | — | Our Q4 revenue growth was 16.9 in rupee terms and 10.7 in constant currency. | — | So just wondering, Samir, what drove it because the quarter growth was still slow, and you guys are not even certain about the wage hikes for next yea… | In the fourth quarter of financial year 2026, our revenue was ₹70,698 crore, which is a quarter-on-quarter growth of 5.4%. |