{"id":69381,"date":"2026-04-10T12:23:03","date_gmt":"2026-04-10T06:53:03","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=69381"},"modified":"2026-04-10T12:23:04","modified_gmt":"2026-04-10T06:53:04","slug":"tcs-q4-fy26-results-q4-2026-revenue-profit-dividend","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/","title":{"rendered":"TCS Q4 FY26 Results: PAT Surges 12%, AI Revenue Crosses $2.3 Billion \u2014 Is India&#8217;s Biggest IT Company Back in Growth Mode?"},"content":{"rendered":"<p><strong>TCS Q4 FY26 results<\/strong> are out \u2014 and India&#8217;s largest IT company did something the market had almost given up expecting: it beat estimates. Tata Consultancy Services reported a net profit of Rs 13,718 crore for the January-March 2026 quarter, up 12% year-on-year and 29% quarter-on-quarter, closing a fiscal year that was frankly difficult for the entire IT sector with a surprisingly strong final chapter.<\/p><p>Revenue came in at Rs 70,698 crore \u2014 up 9.64% year-on-year and 5.4% quarter-on-quarter \u2014 beating analyst estimates of approximately Rs 69,500\u201370,000 crore. Operating margins hit 25.3%, a four-year high. And the number that really caught markets&#8217; attention: annualised AI revenue crossing $2.3 billion in Q4, with 3 mega deals and a total contract value of $12 billion for the quarter.<\/p><p>The stock had already rallied 1.2% on April 9 in anticipation, closing at Rs 2,590 before the post-market results announcement. On April 10, the market&#8217;s verdict is being formed \u2014 and 15 brokerages have already weighed in with updated price targets.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here \u2014 Get Free Investment Predictions on Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#TCS_Q4_FY26_Results_%E2%80%94_Complete_Numbers_at_a_Glance\" title=\"TCS Q4 FY26 Results \u2014 Complete Numbers at a Glance\">TCS Q4 FY26 Results \u2014 Complete Numbers at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Full_Year_FY26_%E2%80%94_How_TCS_Closed_the_Books\" title=\"Full Year FY26 \u2014 How TCS Closed the Books\">Full Year FY26 \u2014 How TCS Closed the Books<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#The_Number_That_Changed_the_Narrative_23_Billion_in_AI_Revenue\" title=\"The Number That Changed the Narrative: $2.3 Billion in AI Revenue\">The Number That Changed the Narrative: $2.3 Billion in AI Revenue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#12_Billion_TCV_%E2%80%94_What_the_Deal_Pipeline_Says_About_FY27\" title=\"$12 Billion TCV \u2014 What the Deal Pipeline Says About FY27\">$12 Billion TCV \u2014 What the Deal Pipeline Says About FY27<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Vertical_Geography_Performance_%E2%80%94_What_Grew_and_What_Didnt\" title=\"Vertical &amp; Geography Performance \u2014 What Grew and What Didn&#8217;t\">Vertical &amp; Geography Performance \u2014 What Grew and What Didn&#8217;t<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Margins_at_4-Year_High_%E2%80%94_The_Operational_Story\" title=\"Margins at 4-Year High \u2014 The Operational Story\">Margins at 4-Year High \u2014 The Operational Story<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Headcount_First_Net_Addition_in_3_Quarters_%E2%80%94_A_Recovery_Signal\" title=\"Headcount: First Net Addition in 3 Quarters \u2014 A Recovery Signal\">Headcount: First Net Addition in 3 Quarters \u2014 A Recovery Signal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Rs_31_Final_Dividend_%E2%80%94_TCSs_Commitment_to_Shareholders\" title=\"Rs 31 Final Dividend \u2014 TCS&#8217;s Commitment to Shareholders\">Rs 31 Final Dividend \u2014 TCS&#8217;s Commitment to Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#What_15_Brokerages_Say_%E2%80%94_Price_Targets_After_Q4_Results\" title=\"What 15 Brokerages Say \u2014 Price Targets After Q4 Results\">What 15 Brokerages Say \u2014 Price Targets After Q4 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#TCS_Share_Price_Current_Level_Support_2026_Target\" title=\"TCS Share Price: Current Level, Support &amp; 2026 Target\">TCS Share Price: Current Level, Support &amp; 2026 Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#TCS_After_Q4_Results_%E2%80%94_Should_You_Buy_Hold_or_Wait\" title=\"TCS After Q4 Results \u2014 Should You Buy, Hold, or Wait?\">TCS After Q4 Results \u2014 Should You Buy, Hold, or Wait?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Conclusion_%E2%80%94_TCS_Q4_FY26_Results_Verdict\" title=\"Conclusion \u2014 TCS Q4 FY26 Results Verdict\">Conclusion \u2014 TCS Q4 FY26 Results Verdict<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Frequently_Asked_Questions_%E2%80%94_TCS_Q4_FY26_Results\" title=\"Frequently Asked Questions \u2014 TCS Q4 FY26 Results\">Frequently Asked Questions \u2014 TCS Q4 FY26 Results<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q1_What_are_TCS_Q4_FY26_results\" title=\"Q1. What are TCS Q4 FY26 results?\">Q1. What are TCS Q4 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q2_What_is_TCS_Q4_FY26_revenue\" title=\"Q2. What is TCS Q4 FY26 revenue?\">Q2. What is TCS Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q3_What_dividend_did_TCS_announce_for_Q4_FY26\" title=\"Q3. What dividend did TCS announce for Q4 FY26?\">Q3. What dividend did TCS announce for Q4 FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q4_What_is_TCS_AI_revenue\" title=\"Q4. What is TCS AI revenue?\">Q4. What is TCS AI revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q5_What_is_TCS_deal_wins_TCV_in_Q4_FY26\" title=\"Q5. What is TCS deal wins (TCV) in Q4 FY26?\">Q5. What is TCS deal wins (TCV) in Q4 FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q6_What_is_TCS_share_price_target_after_Q4_results\" title=\"Q6. What is TCS share price target after Q4 results?\">Q6. What is TCS share price target after Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q7_What_is_TCS_EBIT_margin_in_Q4_FY26\" title=\"Q7. What is TCS EBIT margin in Q4 FY26?\">Q7. What is TCS EBIT margin in Q4 FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Q8_How_many_employees_does_TCS_have_after_Q4_FY26\" title=\"Q8. How many employees does TCS have after Q4 FY26?\">Q8. How many employees does TCS have after Q4 FY26?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/tcs-q4-fy26-results-q4-2026-revenue-profit-dividend\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TCS_Q4_FY26_Results_%E2%80%94_Complete_Numbers_at_a_Glance\"><\/span><strong>TCS Q4 FY26 Results \u2014 Complete Numbers at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY26<\/strong><\/td><td><strong>Q4 FY25<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>QoQ Change<\/strong><\/td><\/tr><tr><td>Revenue (Rs Cr)<\/td><td>70,698<\/td><td>64,479<\/td><td>+9.64%<\/td><td>67,087<\/td><td>+5.4%<\/td><\/tr><tr><td>Net Profit \/ PAT (Rs Cr)<\/td><td>13,718<\/td><td>12,224<\/td><td>+12.2%<\/td><td>10,720<\/td><td>+28.9%<\/td><\/tr><tr><td>EBIT Margin<\/td><td>25.3%<\/td><td>24.2%<\/td><td>+110 bps<\/td><td>25.2%<\/td><td>+10 bps<\/td><\/tr><tr><td>Revenue (USD)<\/td><td>$7,621M<\/td><td>$7,466M<\/td><td>+2.1%<\/td><td>$7,509M<\/td><td>+1.5%<\/td><\/tr><tr><td>CC Revenue Growth (QoQ)<\/td><td>1.2%<\/td><td>\u2014<\/td><td>\u2014<\/td><td>0.8%<\/td><td>+40 bps<\/td><\/tr><tr><td>TCV Deal Wins<\/td><td>$12 billion<\/td><td>\u2014<\/td><td>Mega quarter<\/td><td>$10.2B<\/td><td>+17.6%<\/td><\/tr><tr><td>AI Revenue (Annualised)<\/td><td>$2.3 billion+<\/td><td>\u2014<\/td><td>New milestone<\/td><td>$1.8B<\/td><td>+28%<\/td><\/tr><tr><td>Final Dividend<\/td><td>Rs 31\/share<\/td><td>Rs 28\/share<\/td><td>+10.7%<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>Total FY26 Payout<\/td><td>Rs 39,571 Cr<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>Headcount<\/td><td>5,84,519<\/td><td>\u2014<\/td><td>Net add: +2,356<\/td><td>5,82,163<\/td><td>+0.4%<\/td><\/tr><\/tbody><\/table><\/figure><p>Note: EPS grew 12.2% YoY. Net margin at 19.4%. Full year FY26 revenue: Rs 2,67,021 crore (+4.58% YoY). Full year FY26 PAT: Rs 49,454 crore (+1.38% YoY).<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Full_Year_FY26_%E2%80%94_How_TCS_Closed_the_Books\"><\/span><strong>Full Year FY26 \u2014 How TCS Closed the Books<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>FY26 Metric<\/strong><\/td><td><strong>Value<\/strong><\/td><td><strong>vs FY25<\/strong><\/td><\/tr><tr><td>Full Year Revenue<\/td><td>Rs 2,67,021 crore<\/td><td>+4.58% YoY<\/td><\/tr><tr><td>Full Year PAT<\/td><td>Rs 49,454 crore<\/td><td>+1.38% YoY<\/td><\/tr><tr><td>FY26 Operating Margin (excl. one-offs)<\/td><td>25% (highest in 4 years)<\/td><td>+70 bps YoY<\/td><\/tr><tr><td>FY26 Net Margin<\/td><td>19.8% (highest in 4 years)<\/td><td>+80 bps YoY<\/td><\/tr><tr><td>FY26 TCV Total<\/td><td>$40.7 billion<\/td><td>Mega deals: 5<\/td><\/tr><tr><td>$100M+ Clients<\/td><td>66<\/td><td>Up by 2 YoY<\/td><\/tr><tr><td>$50M+ Clients<\/td><td>139<\/td><td>Up by 9 YoY<\/td><\/tr><tr><td>$1M+ Clients<\/td><td>1,397<\/td><td>Up by 65 YoY<\/td><\/tr><tr><td>Revenue in CC terms (FY26 YoY)<\/td><td>-2.4%<\/td><td>FY27 recovery expected<\/td><\/tr><\/tbody><\/table><\/figure><p>The full-year numbers tell a nuanced story. In rupee terms, FY26 was decent \u2014 Rs 2.67 lakh crore in revenue with 25% operating margins. In constant currency terms, TCS actually declined 2.4% for FY26 \u2014 reflecting real demand headwinds in the US and Europe that the rupee depreciation partially masked. This is exactly why FY27 guidance and management commentary mattered more than any single quarterly number.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Number_That_Changed_the_Narrative_23_Billion_in_AI_Revenue\"><\/span><strong>The Number That Changed the Narrative: $2.3 Billion in AI Revenue<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>TCS crossed $2.3 billion in annualised AI revenue in Q4 FY26<\/strong> \u2014 a milestone that, if you read between the lines of CEO K. Krithivasan&#8217;s commentary, marks the transition of AI from experimental to enterprise-scale at TCS.<\/p><p>Twelve months ago, the narrative around AI and Indian IT companies was existential anxiety: will AI replace IT services? Will clients cut outsourcing budgets as AI automates coding and testing? TCS&#8217;s $2.3 billion AI revenue number answers that question with a very different story: clients are not cutting IT budgets because of AI. They are increasing them, specifically to implement AI.<\/p><p>Krithivasan said in his Q4 statement: &#8216;In Q4, our annualised AI revenues surpassed $2.3 billion, driven by the accelerated deployment of AI solutions. We experienced strong deal momentum across new services in Enterprise Transformation, Digital Engineering, and Cloud Modernization.&#8217; The company&#8217;s investment in HyperVault \u2014 its AI infrastructure platform \u2014 catalysed partnerships with OpenAI, AMD, and ABB during the quarter.<\/p><p>Nomura confirmed in its post-results note that AI projects have started moving from proof-of-concepts to large-scale deployments and now form 7% of TCS&#8217;s revenues. At the current revenue run rate, 7% is approximately $2.1 billion \u2014 broadly consistent with the $2.3 billion annualised figure. This is not hype; it is contract revenue.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12_Billion_TCV_%E2%80%94_What_the_Deal_Pipeline_Says_About_FY27\"><\/span><strong>$12 Billion TCV \u2014 What the Deal Pipeline Says About FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Total Contract Value of $12 billion in Q4 FY26<\/strong> is the real forward-looking signal from these results. TCV represents the total value of contracts signed in the quarter \u2014 it is the strongest leading indicator of future revenue. At $12 billion in a single quarter, this is among the highest quarterly TCV in TCS history.<\/p><p>The full-year FY26 TCV of $40.7 billion, with 5 mega deals (each typically $500 million+), provides strong revenue visibility for FY27. If execution matches signing \u2014 and TCS&#8217;s track record on large deal execution is strong \u2014 FY27 should see meaningful acceleration from the sub-2% CC growth of FY26.<\/p><p>Nuvama Institutional Equities, upgrading their target to Rs 3,350, summarised the bull case cleanly: &#8216;TCS appears well set for a recovery in FY27, after a 2.5% CC YoY decrease in FY26. Deal-wins have been decent, margins solid and AI revenue is growing strong. Valuations (16.5x FY27E PE), post-recent correction are highly attractive.&#8217;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Deal Metric<\/strong><\/td><td><strong>Q4 FY26<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>FY26 Full Year<\/strong><\/td><\/tr><tr><td>Total TCV<\/td><td>$12.0 billion<\/td><td>$10.2 billion<\/td><td>$40.7 billion<\/td><\/tr><tr><td>Mega Deals (&gt;$500M)<\/td><td>3<\/td><td>1<\/td><td>5<\/td><\/tr><tr><td>Deal Mix<\/td><td>New + Renewals<\/td><td>\u2014<\/td><td>Diversified<\/td><\/tr><tr><td>Key Verticals<\/td><td>BFSI, Energy, CBG<\/td><td>\u2014<\/td><td>BFSI dominant<\/td><\/tr><\/tbody><\/table><\/figure><p>Track TCS financials, deal win history, and FII\/DII activity on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vertical_Geography_Performance_%E2%80%94_What_Grew_and_What_Didnt\"><\/span><strong>Vertical &amp; Geography Performance \u2014 What Grew and What Didn&#8217;t<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Vertical performance in Q4 FY26 (QoQ in constant currency):<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Vertical \/ Geography<\/strong><\/td><td><strong>QoQ CC Growth<\/strong><\/td><td><strong>Trend<\/strong><\/td><\/tr><tr><td>Energy &amp; Utilities (ERU)<\/td><td>Best performing: +6.1% QoQ CC<\/td><td>Strong \u2014 infrastructure capex<\/td><\/tr><tr><td>Consumer Business Group (CBG)<\/td><td>+2.8% QoQ CC<\/td><td>Recovery<\/td><\/tr><tr><td>BFSI<\/td><td>Positive \u2014 key revenue driver<\/td><td>Steady recovery<\/td><\/tr><tr><td>Manufacturing<\/td><td>Mixed<\/td><td>Geopolitical drag<\/td><\/tr><tr><td>Technology &amp; Services<\/td><td>Under pressure<\/td><td>Discretionary still weak<\/td><\/tr><tr><td>UK (Geography)<\/td><td>+2.4% QoQ CC<\/td><td>Outperforming<\/td><\/tr><tr><td>North America (Geography)<\/td><td>+1.4% QoQ CC<\/td><td>Gradually recovering<\/td><\/tr><tr><td>Middle East \/ Travel &amp; Transport<\/td><td>Impacted by geopolitics<\/td><td>Drag on overall growth<\/td><\/tr><\/tbody><\/table><\/figure><p>The UK outperforming North America in Q4 is an interesting shift \u2014 UK financial services spending has been resilient, and TCS&#8217;s strong banking relationships there drove growth. North America at +1.4% CC QoQ is a sequential improvement but remains below the 2-3% that the market would ideally want to see for a full FY27 re-rating.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Margins_at_4-Year_High_%E2%80%94_The_Operational_Story\"><\/span><strong>Margins at 4-Year High \u2014 The Operational Story<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>EBIT margin at 25.3% in Q4 FY26<\/strong> \u2014 110 basis points higher than Q4 FY25 and 10 bps above Q3 FY26 \u2014 is the cleanest positive in these results. CFO Samir Seksaria noted: &#8216;Even as we scaled our investments in AI-led growth opportunities, our margins expanded by 70 basis points [for FY26], reflecting our strong operational rigor.&#8217;<\/p><p>The margin expansion story is driven by three factors: rupee depreciation providing a natural tailwind on dollar-denominated revenues (when translated to rupees), headcount management (net addition of only 2,356 in Q4 vs large additions in prior boom cycles), and operational efficiency from automation and AI-assisted delivery.<\/p><p>The FY26 full-year operating margin excluding one-offs was 25% \u2014 the highest in four years. FY26 net margin of 19.8% is similarly a 4-year high. For a company of this scale, these are genuinely impressive margin metrics and represent management&#8217;s commitment to defending profitability even in a softer demand environment.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Headcount_First_Net_Addition_in_3_Quarters_%E2%80%94_A_Recovery_Signal\"><\/span><strong>Headcount: First Net Addition in 3 Quarters \u2014 A Recovery Signal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>TCS added 2,356 employees net in Q4 FY26<\/strong> \u2014 the first quarter of net addition after two consecutive quarters of net depletion. Total headcount stands at 5,84,519. This matters because IT hiring is a leading indicator of demand confidence. When IT companies hire, it means they expect demand to fill those people on billable projects.<\/p><p>However, context is important: for the full fiscal year FY26, TCS reduced headcount by 23,460. The Q4 net addition is positive directionally but needs to sustain for 2-3 consecutive quarters before it signals a genuine demand inflection.<\/p><p>On the talent development front, 69 million learning hours (+23% YoY), 5.2 million competencies acquired, and 270,000+ employees with AI\/ML proficiency indicate TCS is rapidly reskilling its workforce for the AI-first era \u2014 an investment that will pay dividends in deal wins and delivery efficiency over FY27-28.<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> for daily research on TCS and IT sector news from SEBI-registered analysts.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rs_31_Final_Dividend_%E2%80%94_TCSs_Commitment_to_Shareholders\"><\/span><strong>Rs 31 Final Dividend \u2014 TCS&#8217;s Commitment to Shareholders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>TCS declared a final dividend of Rs 31 per share<\/strong> for Q4 FY26, subject to shareholder approval at the Annual General Meeting. For FY26 as a whole, TCS delivered a total shareholder payout of Rs 39,571 crore through dividends \u2014 an extraordinary cash return to shareholders.<\/p><p>At the current price of approximately Rs 2,590, the Rs 31 final dividend implies a yield of 1.2% on this single quarter&#8217;s dividend. TCS has historically paid Rs 100+ per share in total annual dividends \u2014 making it one of the highest-paying Nifty 50 stocks for income-oriented investors.<\/p><p>The dividend commitment through a year of demand challenges (FY26 CC revenue down 2.4%) underlines the strength of TCS&#8217;s free cash flow generation. The company generated enough cash to return Rs 39,571 crore to shareholders while simultaneously acquiring Coastal Cloud and List Engage and establishing HyperVault.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_15_Brokerages_Say_%E2%80%94_Price_Targets_After_Q4_Results\"><\/span><strong>What 15 Brokerages Say \u2014 Price Targets After Q4 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Fifteen major brokerages released updated notes on TCS following the Q4 results. The consensus is constructive \u2014 most maintained or upgraded their ratings, citing margin outperformance, strong TCV, and AI revenue momentum. Here is a summary:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Brokerage<\/strong><\/td><td><strong>Rating<\/strong><\/td><td><strong>Target Price<\/strong><\/td><td><strong>Key Comment<\/strong><\/td><\/tr><tr><td>Nuvama Institutional<\/td><td>Buy<\/td><td>Rs 3,350<\/td><td>&#8216;Well set for FY27 recovery. Valuations at 16.5x FY27E highly attractive.&#8217;<\/td><\/tr><tr><td>Nomura India<\/td><td>Buy<\/td><td>Rs 2,930 (raised)<\/td><td>EPS raised 2-3%; AI projects moving from PoC to large deployments (7% of revenues)<\/td><\/tr><tr><td>Centrum Broking<\/td><td>Buy<\/td><td>\u2014<\/td><td>Stock correction overdone vs improving fundamentals; strong order book<\/td><\/tr><tr><td>JM Financial<\/td><td>Add<\/td><td>Rs 2,730 (revised up)<\/td><td>Geopolitical impact limited to Middle East; maintain Add<\/td><\/tr><tr><td>MOFSL<\/td><td>\u2014<\/td><td>\u2014<\/td><td>Growth remains patchy; margins likely to stay flat<\/td><\/tr><tr><td>HDFC Institutional<\/td><td>\u2014<\/td><td>\u2014<\/td><td>Revenue beat estimates; management commentary key for FY27 re-rating<\/td><\/tr><\/tbody><\/table><\/figure><p>The key point of disagreement between bulls and bears is the pace of demand recovery. Bulls (Nuvama, Nomura, Centrum) believe the $12B TCV and AI revenue momentum make FY27 a clear acceleration year. Bears\/neutrals (MOFSL) point to the fact that CC revenue growth was only 1.2% QoQ \u2014 still below the 2-3% needed for a full-cycle re-rating.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TCS_Share_Price_Current_Level_Support_2026_Target\"><\/span><strong>TCS Share Price: Current Level, Support &amp; 2026 Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td>CMP (April 10, 2026)<\/td><td>Rs 2,560\u20132,590 (post-results range)<\/td><\/tr><tr><td>52-Week High<\/td><td>Rs 3,630.50 (May 12, 2025)<\/td><\/tr><tr><td>52-Week Low<\/td><td>Rs 2,346.20 (March 30, 2026)<\/td><\/tr><tr><td>YTD Decline (2026)<\/td><td>21%<\/td><\/tr><tr><td>Market Cap<\/td><td>Rs 9.2 lakh crore<\/td><\/tr><tr><td>FY27E P\/E (consensus)<\/td><td>16.5x<\/td><\/tr><tr><td>Analyst Target Range<\/td><td>Rs 2,730 (JM) to Rs 3,350 (Nuvama)<\/td><\/tr><tr><td>Consensus 12M Target<\/td><td>Rs 3,000\u20133,200 (approximate)<\/td><\/tr><tr><td>Short-Term Resistance<\/td><td>Rs 2,700\u20132,800<\/td><\/tr><tr><td>Short-Term Support<\/td><td>Rs 2,350\u20132,450<\/td><\/tr><tr><td>NSE Symbol<\/td><td>TCS<\/td><\/tr><\/tbody><\/table><\/figure><p>The stock has already recovered from its March 30 low of Rs 2,346 by approximately 10% heading into results. The Q4 beat and the AI narrative provide fundamental support for further recovery, but the key test will be whether FY27 guidance \u2014 which management will elaborate on over the coming weeks \u2014 confirms the deal momentum is translating into revenue.<\/p><p>Explore TCS stock fundamentals, analyst targets, and technical levels live on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TCS_After_Q4_Results_%E2%80%94_Should_You_Buy_Hold_or_Wait\"><\/span><strong>TCS After Q4 Results \u2014 Should You Buy, Hold, or Wait?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>For long-term investors who already hold TCS:<\/strong> The Q4 results provide genuine reassurance. Margin expansion, strong TCV, and AI revenue above $2 billion are all positive directional signals. The FY27 recovery thesis is now better supported by evidence than it was 3 months ago. Hold with conviction.<\/p><p><strong>For investors considering fresh entry:<\/strong> TCS at Rs 2,560 and 16.5x FY27E earnings is at the most attractive valuation in 4 years. The stock is 30% below its 52-week high. If you believe in India&#8217;s IT sector secular growth and TCS&#8217;s position as the dominant Indian IT company, the current dip is a meaningful entry opportunity \u2014 not a point to wait for further discounts.<\/p><p><strong>The risk to monitor:<\/strong> US tariffs on Indian goods (currently 26% under the April 2, 2026 announcement) could slow discretionary IT spending by US enterprises through H1 FY27. TCS management&#8217;s commentary on client budget freeze decisions in the US will be the most important forward indicator to watch.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro for SEBI-registered analyst recommendations on TCS \u2014 entry, stop-loss, and target \u2014 from India&#8217;s most trusted advisory platform.<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion_%E2%80%94_TCS_Q4_FY26_Results_Verdict\"><\/span><strong>Conclusion \u2014 TCS Q4 FY26 Results Verdict<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>TCS Q4 FY26 results were, by most measures, better than what the market feared heading into the quarter. Revenue at Rs 70,698 crore, PAT at Rs 13,718 crore (+12% YoY), margins at 4-year highs, AI revenue crossing $2.3 billion, and TCV at $12 billion \u2014 these are the numbers of a company that executed well in a challenging macro environment.<\/p><p>The bigger question \u2014 is FY27 going to be the recovery year that bulls have been pricing in for six months \u2014 remains open. The TCV pipeline says yes. The US tariff environment says it depends. Management&#8217;s detailed FY27 commentary over the next few weeks will be the decisive factor.<\/p><p>At 16.5x FY27 earnings, TCS is not expensive for the quality of the business. The Rs 39,571 crore in dividends returned to shareholders in FY26 alone demonstrates the capital strength that makes TCS different from peers. The recovery thesis is intact. Now it needs execution.<\/p><p>This article is for informational purposes only. Please conduct your own research and consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_%E2%80%94_TCS_Q4_FY26_Results\"><\/span><strong>Frequently Asked Questions \u2014 TCS Q4 FY26 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_are_TCS_Q4_FY26_results\"><\/span><strong>Q1. What are TCS Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 results (January-March 2026): Net profit Rs 13,718 crore (+12% YoY, +29% QoQ), Revenue Rs 70,698 crore (+9.64% YoY, +5.4% QoQ), EBIT margin 25.3% (4-year high), TCV deal wins $12 billion, AI revenue annualised $2.3 billion+, final dividend Rs 31 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_is_TCS_Q4_FY26_revenue\"><\/span><strong>Q2. What is TCS Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 revenue is Rs 70,698 crore \u2014 up 9.64% year-on-year from Rs 64,479 crore in Q4 FY25 and up 5.4% quarter-on-quarter from Rs 67,087 crore in Q3 FY26. In USD terms, revenue was $7,621 million, up 2.1% YoY and 1.5% QoQ.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_What_dividend_did_TCS_announce_for_Q4_FY26\"><\/span><strong>Q3. What dividend did TCS announce for Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS declared a final dividend of Rs 31 per share for Q4 FY26, subject to shareholder approval at the Annual General Meeting. For full year FY26, TCS delivered a total shareholder payout of Rs 39,571 crore through dividends.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_is_TCS_AI_revenue\"><\/span><strong>Q4. What is TCS AI revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS annualised AI revenue crossed $2.3 billion in Q4 FY26, representing approximately 7% of total revenues. AI projects have moved from proof-of-concept to large-scale enterprise deployments. TCS&#8217;s HyperVault platform catalysed partnerships with OpenAI, AMD, and ABB.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_is_TCS_deal_wins_TCV_in_Q4_FY26\"><\/span><strong>Q5. What is TCS deal wins (TCV) in Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 Total Contract Value (TCV) was $12 billion \u2014 among the highest quarterly TCV in TCS history. Q4 included 3 mega deals (typically $500M+ each). Full year FY26 TCV was $40.7 billion with 5 mega deals.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q6_What_is_TCS_share_price_target_after_Q4_results\"><\/span><strong>Q6. What is TCS share price target after Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Post-Q4 FY26 results, analyst targets range from Rs 2,730 (JM Financial) to Rs 3,350 (Nuvama Institutional). Nomura raised target to Rs 2,930. The consensus 12-month target is approximately Rs 3,000\u20133,200. TCS is currently trading around Rs 2,560\u20132,590.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q7_What_is_TCS_EBIT_margin_in_Q4_FY26\"><\/span><strong>Q7. What is TCS EBIT margin in Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS EBIT margin in Q4 FY26 is 25.3% \u2014 110 basis points higher than Q4 FY25 and 10 bps above Q3 FY26. For full year FY26, TCS operating margin (excluding one-offs) was 25% \u2014 the highest in four years.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q8_How_many_employees_does_TCS_have_after_Q4_FY26\"><\/span><strong>Q8. How many employees does TCS have after Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS headcount stands at 5,84,519 after Q4 FY26, with a net addition of 2,356 employees in Q4 \u2014 the first quarter of net addition after two consecutive quarters of depletion. For full year FY26, TCS reduced headcount by 23,460 on net basis.<\/p><p><strong>Disclaimer: <\/strong>Investments in securities are subject to market risk. This article is for educational purposes only and does not constitute investment advice. Analyst targets are estimates, not guarantees. Consult a SEBI-registered financial advisor before making any investment decisions.<\/p><p>For more TCS coverage and IT sector analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span>Recent Articles<span class=\"ez-toc-section-end\"><\/span><\/h2><p>&nbsp;<a href=\"https:\/\/univest.in\/blogs\/why-is-krbl-share-price-falling\"><strong>Why is KRBL Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-reliance-infrastructures-share-price-falling\"><strong>Why is Reliance Infrastructures Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-mahanagar-gas-share-price-falling\"><strong>Why is Mahanagar Gas Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-happiest-minds-share-price-falling\"><strong>Why is Happiest Minds Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>TCS Q4 FY26 results are out \u2014 and India&#8217;s largest IT company did something the market had almost given up expecting: it beat estimates. Tata Consultancy Services reported a net profit of Rs 13,718 crore for the January-March 2026 quarter, up 12% year-on-year and 29% quarter-on-quarter, closing a fiscal year that was frankly difficult for<\/p>\n","protected":false},"author":23,"featured_media":69384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4027],"class_list":["post-69381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1775804052:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["78"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["TCS Q4 FY26 Results PAT Up 12%, AI Revenue Crosses $2.3 Billion \u2014 Is the IT Giant Back?"],"rank_math_description":["TCS Q4 FY26 results: Net profit Rs 13,718 Cr (+12% YoY), revenue Rs 70,698 Cr (+9.6%), AI revenue $2.3B, TCV $12B, Rs 31 dividend. Full analysis &amp; share price target."],"rank_math_focus_keyword":["TCS Q4 FY26 Results"],"_thumbnail_id":["69384"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["7760"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121742\/tcs_q4_fy26_results.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/69381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=69381"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/69381\/revisions"}],"predecessor-version":[{"id":69395,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/69381\/revisions\/69395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/69384"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=69381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=69381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=69381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}