TCS Q2 FY27 earnings boost Indian IT stocks amid US PERM suspension
+1 new source since this summary was written
Tata Consultancy Services posted a net profit of Rs 13,884 crore, up 14.9% YoY, and revenue of Rs 73,188 crore, up 11.2% YoY, for the September quarter. The company highlighted AI revenue of $3.1 billion, representing more than 10% of total revenue, and a total contract value of $9.6 billion. Its shares jumped about 4% in early trade, lifting other major IT stocks despite a U.S. suspension of several firms from the PERM green‑card programme.
Why it matters
The earnings beat and strong AI revenue growth support a higher valuation for TCS, as noted in the company’s results. The sector rally lifts Infosys (INFY) and Wipro (WIT), which also rose 2‑5% on the day, benefiting investors holding these stocks.
Key facts
- 1TCS reported a consolidated net profit of Rs 13,884 crore for Q2 FY27, a 14.9% year‑on‑year increase. news18.com
- 2TCS revenue rose 11.2% year‑on‑year to Rs 73,188 crore. news18.com
- 3TCS operating margin for the quarter was 24%. news18.com
- 4Total contract value for the quarter was $9.6 billion. news18.com
- 5Annualised AI revenue reached $3.1 billion, exceeding 10% of total revenue. news18.com
- 6TCS shares rose 3.98% to Rs 2,158.70 in early trade. news18.com
Open questions
- Net profit YoY growth is reported as 14.9% in material 1 and as “about 15%” in material 2.
- Revenue growth is given as 11.2% in material 1 and 11.22% in material 3.
- AI revenue increase is described as a 20% rise in material 4 and “nearly 20%” in material 2.
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.