TCS misses profit, revenue estimates, sees better FY26

Tata Consultancy Services (TCS) missed Street expectations on both the revenue and profit fronts in the January-March quarter. The country’s largest IT services firm faced some project deferrals in March and the near-completion of the BSNL deal added fewer numbers to the topline. This was the second consecutive quarter that the company missed estimates.

Consolidated revenue rose 0.8% sequentially to `64,479 crore, missing Bloomberg’s estimate of `64,837 crore. Net profit declined by 1.3% quarter-on-quarter at `12,224 crore, falling short of the estimate of `12,765 crore.