ALFA Finder| Revenue growth | 13.9% YoY INR; 3.2% YoY CC; 2.2% QoQ INR. |
|---|---|
| Margins | Operating margin 24%; 170bps impact from wage hikes partly offset. |
| Order book | TCV of $9.5 billion, including $800M mega deal with SKF. |
| Demand visibility | Optimistic for Q2; visibility in BFSI and Tech remains strong. |
| Management confidence | High on AI leadership and pent-up tech backlog demand for Q2. |
Growth
Revenue grew 13.9% YoY in INR and 3.2% in CC terms. AI revenue reached $2.6B annualized, up 13.6% QoQ.
Outlook
Aims to exit FY27 with 25%+ operating margins. Management is optimistic about demand recovery in Q2 FY2027.
Risks
Geopolitical uncertainties and macroeconomic headwinds impacting discretionary spend, particularly in Consumer Business Group and Manufacturing verticals.
Last quarter's promises, checked
Delivered
- Guided stronger 1H FY27 → delivered 13.9% YoY revenue growth (= BEAT)
- Guided 25% FY26 operating margin → delivered 25% (= BEAT)
- Guided AI revenue growth → delivered $2.6B vs $2.3B annualized (= BEAT)
Partly delivered
- Guided positive vertical momentum → delivered soft Manufacturing/Life Sciences (= PARTIAL)
Missed
- Guided 25% margin floor → delivered 24% (= MISS)
Earnings Call filed with BSE, NSE: TCS. Summary written with AI assistance from the document.
Tata Consultancy Services Ltd: key numbers
- Share price
- ₹2,407.50
- Market cap
- ₹8,71,055 Cr
- Revenue (annual)
- ₹2,67,021 Cr
- Net profit (annual)
- ₹49,210 Cr
- P/E (TTM)
- 16.9×Sector 23.7×
- Promoter holding
- 71.77%+0.00% QoQ
- FII holding
- 9.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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