TCS Q1 revenue up 13.9% to Rs 72,275 crore, Rs 12 dividend

Tata Consultancy Services (TCS), India's largest IT services exporter, reported its first-quarter financial results for fiscal year 2027 on Thursday, July 9, 2026, posting revenue that exceeded analyst expectations while net profit was impacted by a one-time legal charge. The results mark the traditional start of India's corporate earnings season.

The company's consolidated revenue for the April-June quarter rose 13.9 percent year-on-year to Rs 72,275 crore, surpassing most market estimates. Consolidated net profit increased 4.6 percent to Rs 13,349 crore. This profit figure was slightly below some analyst forecasts, which the company attributed to a one-time charge of approximately Rs 668 crore related to the settlement of an intellectual property theft case involving DXC Technology.

Operationally, TCS reported a total contract value (TCV) of $9.5 billion for the quarter. While lower than the previous quarter's figure, it was marginally higher than the TCV reported in the same period a year earlier. Major deal wins announced during the quarter included contracts with European manufacturer SKF, Canadian insurer Canada Life, and Norwegian packaging company Elopak.