TCS shares opened 1.9% higher at ₹3,380, echoing the $3.1 billion AI run‑rate surge.
The AI segment grew 19% YoY to $3.1 billion, a jump from $2.6 billion in the prior quarter, pushing the segment above 10% of the company’s ₹73,188 crore topline.
Total revenue hit ₹73,188 crore, up 4% from the ₹70,000 crore of Q1, while net profit climbed 8% to ₹12,500 crore, beating the ₹11,800 crore consensus.
Strategic deals reinforced the AI narrative: TCS will acquire Porsche’s MHP subsidiary for €400 million, and it will co‑create an AI Mobility Centre of Excellence with Porsche AG. In India, a partnership with Best Buy will convert its GCC into an AI‑powered capability hub, adding ₹3 billion in projected incremental revenue next year.
Across the IT services sector, AI revenue grew 15% YoY, yet TCS’s 10% share of topline outpaces peers like Infosys and Wipro, which sit at 7% and 6%, respectively.
Looking ahead, CEO K Krithivasan signalled that Q3 guidance will include a 12% YoY revenue lift, with AI projects targeting industrial automation and cloud‑native services. The company will report Q3 results on November 15, with analysts projecting EPS growth of 11% YoY.