EarningsCanvas
Opening the latest published company and exchange records.
EarningsCanvas
Opening the latest published company and exchange records.
Company research
TCS · NSE
NSE index industry: Information Technology Classification source ↗
Financial research
Results, financial strength and cash generation on one reporting basis.
TCS combines substantial annual cash generation and a liquid March 2026 balance sheet with a mixed latest-quarter profit trend. Q1 FY2027 revenue grew faster than PAT year on year; sequentially, revenue rose while both PBT and PAT fell. The business therefore has financial strength, but the next release needs to clarify how sales growth converts into earnings. Q1 FY2027, ended June 2026, is the latest validated quarter here. Q2 FY2027 remains pending. The October acquisition and Best Buy transition disclosures add business context, but their earnings contribution and completion should not be assumed from the announcement headlines.
The fundamental stance is balanced: liquidity and cash conversion support resilience, while the gap between sales and profit growth deserves resolution. The evidence supplies neither valuation nor consensus expectations or verified post-result reaction history, so it cannot establish that the stock is cheap, that results beat expectations or that an earnings trade will succeed. Q2 FY2027 still needs validated numbers.
AI interpretation of the cited evidence, not an audited opinion or a promise of returns. Financial calculations use comparable periods on the selected reporting basis. Missing consensus cannot establish an earnings beat or miss.
Generated in a scheduled research chat · Codex chat (model identifier not exposed) · research-v1. Updates require the connected worker to run. Published 5 Oct, 12:04 am IST.
Q2 FY2027 · reporting watch
The Q2 FY2027 statement is not published in this archive yet. Review the latest reported figures below, then compare the new quarter with both the previous quarter and the same quarter last year.
Consolidated · group results. Comparisons describe reported performance, not analyst expectations or future returns.Read Q1 FY2027 filingQ1 FY2027 · Audited
Q1 FY2027 · Audited
Q1 FY2027 · Audited
Q1 FY2027 · Audited
consolidated · ₹ crore, except EPS · no mixing of quarters and cumulative periods
| Reported metric | Q2 FY2027Awaiting statement | Q1 FY2027Previous quarter | Q2 FY2026Same period last year | QoQSequential growth | YoYSeasonal comparison |
|---|---|---|---|---|---|
| Revenue | — | 72,275 | 65,799 | — | — |
| Profit after tax | — | 13,420 | 12,131 | — | — |
| Profit before tax | — | 17,944 | 16,068 | — | — |
| Basic EPS · ₹ | — | 36.9 | 33.37 | — | — |
| Net profit margin | — | 18.57% | 18.44% | — | — |
| Original filing | Not published | NSE ↗ | NSE ↗ |
QoQ shows sequential change; YoY controls for the same reporting season. Growth needs the same reporting basis, duration and source metric definition, with a positive comparison base. EPS growth additionally requires a verified common share basis. A dash means unavailable or not comparable; it never means zero.
Ratios calculated from published statements · dates and formulas attached to every metric
Total profit after tax ÷ revenue from operations × 100. This is not operating margin.
Source statement 1 ↗Tax expense ÷ profit before tax × 100. Exceptional items can change this rate.
Source statement 1 ↗Full-year total PAT ÷ average opening and closing total equity × 100. Includes non-controlling interests where reported; not annualised quarterly PAT.
Source statement 1 ↗Source statement 2 ↗Current assets ÷ current liabilities. Not calculated for unclassified balance sheets, such as many banks.
Source statement 1 ↗Current + non-current borrowings ÷ total equity. This is not total liabilities/equity; separately classified leases are excluded.
Source statement 1 ↗Current assets minus current liabilities. Uses closing balances, not cash generated.
Source statement 1 ↗Full-year operating cash flow ÷ positive PAT for the exact same annual duration and basis. A negative value means operating cash outflow.
Source statement 1 ↗Reported cash and cash equivalents at the balance-sheet date. Excludes other bank balances and investments.
Source statement 1 ↗Sector context matters: bank and financial-company balance sheets may not classify current assets, liabilities or borrowings in the same way. Price, market cap, P/E and P/B are not shown until a dated market quote and matching share data are available.
31 published quarterly periods · Dec 2018 to Jun 2026 · consolidated
| Reported figures | Q1 FY2027Jun 2026 | Q4 FY2026Mar 2026 | Q3 FY2026Dec 2025 | Q2 FY2026Sept 2025 | Q1 FY2026Jun 2025 | Q4 FY2025Mar 2025 | Q3 FY2025Dec 2024 | Q2 FY2025Sept 2024 | Q1 FY2025Jun 2024 | Q4 FY2024Mar 2024 | Q3 FY2024Dec 2023 | Q2 FY2024Sept 2023 | Q1 FY2024Jun 2023 | Q4 FY2023Mar 2023 | Q3 FY2023Dec 2022 | Q2 FY2023Sept 2022 | Q1 FY2023Jun 2022 | Q4 FY2022Mar 2022 | Q3 FY2022Dec 2021 | Q2 FY2022Sept 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 72,275 | 70,698 | 67,087 | 65,799 | 63,437 | 64,479 | 63,973 | 64,259 | 62,613 | 61,237 | 60,583 | 59,692 | 59,381 | 59,162 | 58,229 | 55,309 | 52,758 | 50,591 | 48,885 | 46,867 |
| Total income | 73,843 | 71,455 | 68,205 | 66,666 | 65,097 | 65,507 | 65,216 | 64,988 | 63,575 | 62,394 | 61,445 | 60,698 | 60,778 | 60,337 | 58,749 | 56,274 | 53,547 | 51,572 | 50,090 | 47,978 |
| Profit after tax | 13,420 | 13,784 | 10,720 | 12,131 | 12,819 | 12,293 | 12,444 | 11,955 | 12,105 | 12,502 | 11,097 | 11,380 | 11,120 | 11,436 | 10,883 | 10,465 | 9,519 | 9,959 | 9,806 | 9,653 |
| Profit attributable to owners | 13,349 | 13,718 | 10,657 | 12,075 | 12,760 | 12,224 | 12,380 | 11,909 | 12,040 | 12,434 | 11,058 | 11,342 | 11,074 | 11,392 | 10,846 | 10,431 | 9,478 | 9,926 | 9,769 | 9,624 |
| Profit before tax | 17,944 | 18,362 | 14,078 | 16,068 | 16,979 | 16,402 | 16,666 | 16,032 | 16,231 | 16,849 | 14,829 | 15,330 | 14,989 | 15,391 | 14,644 | 14,096 | 12,776 | 13,364 | 13,191 | 12,969 |
| Tax expense | 4,524 | 4,578 | 3,358 | 3,937 | 4,160 | 4,109 | 4,222 | 4,077 | 4,126 | 4,347 | 3,732 | 3,950 | 3,869 | 3,955 | 3,761 | 3,631 | 3,257 | 3,405 | 3,385 | 3,316 |
| Finance costs | 273 | 265 | 538 | 229 | 195 | 227 | 234 | 162 | 173 | 226 | 230 | 159 | 163 | 272 | 160 | 148 | 199 | 245 | 251 | 142 |
| Depreciation & amortisation | 1,239 | 1,406 | 1,380 | 1,413 | 1,361 | 1,379 | 1,377 | 1,266 | 1,220 | 1,246 | 1,233 | 1,263 | 1,243 | 1,286 | 1,269 | 1,237 | 1,230 | 1,217 | 1,196 | 1,116 |
| Basic EPS · ₹ / share | 36.9 | 37.92 | 29.45 | 33.37 | 35.27 | 33.79 | 34.21 | 32.92 | 33.28 | 34.37 | 30.29 | 31 | 30.26 | 31.14 | 29.64 | 28.51 | 25.9 | 26.85 | 26.41 | 26.02 |
| Original statement | NSE ↗ | NSE ↗ | NSE ↗ | NSE ↗ | NSE ↗ | NSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ |
Showing 20 of 31 periods. Revenue excludes other income. Total PAT and profit attributable to owners remain separate. EPS is as reported, not annualised or retrospectively adjusted for later corporate actions. Cumulative half-year and nine-month figures are not relabelled as quarterly results.
What the business owns, owes and generates · consolidated · ₹ crore
| Reported figures | Mar 2026Closing balances | Sept 2025Closing balances | Mar 2025Closing balances | Sept 2024Closing balances | Mar 2024Closing balances | Sept 2023Closing balances | Mar 2023Closing balances | Sept 2022Closing balances | Mar 2022Closing balances | Sept 2021Closing balances |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 1,82,372 | 1,75,219 | 1,59,629 | 1,61,124 | 1,46,449 | 1,54,940 | 1,43,651 | 1,48,173 | 1,41,514 | 1,42,270 |
| Non-current assets | 46,667 | 40,720 | 36,618 | 34,184 | 33,465 | 33,431 | 33,381 | 31,566 | 33,204 | 31,871 |
| Current assets | 1,35,705 | 1,34,499 | 1,23,011 | 1,26,940 | 1,12,984 | 1,21,509 | 1,10,270 | 1,16,607 | 1,08,310 | 1,10,399 |
| Property, plant & equipment | 11,032 | 10,886 | 10,978 | 9,438 | 9,376 | 9,464 | 10,230 | 10,265 | 10,774 | 10,765 |
| Cash & cash equivalents | 6,417 | 6,358 | 8,342 | 8,155 | 9,016 | 7,544 | 7,123 | 5,834 | 12,488 | 5,195 |
| Total equity | 1,08,478 | 1,07,461 | 95,771 | 1,02,383 | 91,319 | 1,01,412 | 91,206 | 98,112 | 89,846 | 97,626 |
| Total liabilities | 73,894 | 67,758 | 63,858 | 58,741 | 55,130 | 53,528 | 52,445 | 50,061 | 51,668 | 44,644 |
| Non-current liabilities | 12,980 | 12,474 | 10,857 | 10,259 | 9,026 | 8,624 | 8,887 | 9,073 | 9,317 | 9,579 |
| Current liabilities | 60,914 | 55,284 | 53,001 | 48,482 | 46,104 | 44,904 | 43,558 | 40,988 | 42,351 | 35,065 |
| Non-current borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity & liabilities | 1,82,372 | 1,75,219 | 1,59,629 | 1,61,124 | 1,46,449 | 1,54,940 | 1,43,651 | 1,48,173 | 1,41,514 | 1,42,270 |
| Original statement | NSE ↗ | NSE ↗ | NSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ | BSE ↗ |
Showing 10 of 15 balance sheets, Mar 2019–Mar 2026. Borrowings are separate from total liabilities. Cash excludes other bank balances. Missing facts are shown as a dash.
Company disclosure trail
PDF excerpts available
PDF excerpts available