tcs-call-2026

+6.8%

Q3 FY2026 Revenue Growth (YoY)

₹6,188.97 cr vs ₹5,798.07 cr

+7.7%

9M FY2026 Total Expense Growth (YoY)

₹17,385.70 cr vs ₹16,137.52 cr

Key Cost Lines — Q3 YoY

Network & Transmission: +12.8%
Depreciation & Amortisation: +17.9%
Employee Benefits: +7.8%
9M Revenue Growth: +6.6%

₹15,736cr

Data Services 9M FY2026 Revenue

~86.2% of total consolidated revenue

₹833.64cr

9M Segment Profit

−₹91.35 cr YoY (−9.9%)

Q3 FY2026 Snapshot

Q3 Revenue: ₹5,379.81 cr
Q3 Revenue YoY: +9.4%
Q3 Segment Profit: ₹280.76 cr
Q3 Profit YoY: −₹54.78 cr (−16.3%)
Segment Assets: ₹20,107.89 cr (~73%)

+27.4%

Campaign Registry Q3 YoY

₹217.07 cr vs ₹170.43 cr

−22.5%

Transformation Services Q3 YoY

₹223.97 cr vs ₹288.83 cr

9M Segment Profit Shift

Campaign Registry: ₹297.48 cr
Transf. Services: ₹130.88 cr ↑
Data Services: ₹833.64 cr ↓
Voice Solutions: ₹98.40 cr ↓

₹364.23Cr

PAT — Continuing Ops, Q3 FY2026

+98.8% QoQ · +41.9% YoY

₹12.82

Basic EPS (Q3 FY2026)

vs ₹9.00 in Q3 FY2025 (+42.4% YoY)

But Read the Fine Print

Other Income Q3 FY26: +₹259.29 Cr
Other Income Q2 FY26: −₹17.24 Cr
Sequential swing: ~₹276 Cr
Segment profit Q3 vs Q2: ₹476.82 vs ₹494.84 Cr
9M FY26 PAT vs 9M FY25: ₹779.77 vs ₹864.52 Cr

The Q3 PAT nearly doubled QoQ — but ₹259.29 crores in 'other income' did the heavy lifting. Strip that out and core segment profit actually contracted from ₹494.84 Cr in Q2 to ₹476.82 Cr in Q3. The 9M FY2026 PAT of ₹779.77 Cr still trails the ₹864.52 Cr earned in 9M FY2025.

₹20,108Cr

Data Services Segment Assets (Dec 2025)

~73% of total consolidated assets

Balance-Sheet Snapshot

Data Services Assets: ₹20,107.89 Cr
YoY Asset Addition: +₹1,580 Cr
Share of Segment Assets: ~73%
D&A (Q3 FY2026): ₹751.28 Cr (+17.9% YoY)
Network & Transmission (Q3): ₹2,836.31 Cr (+12.8% YoY)
D&A + Network Cost (Q3): ₹3,587.59 Cr (>50% of revenue)
Data Segment Profit (9M FY2026): ₹833.64 Cr ↓ from ₹924.99 Cr