Business news · Corporate · 06 Oct 2026
Tata Consultancy Services opens the Indian IT earnings season on Thursday October 8 and has fixed October 14 as the record date for a second interim dividend, if the board declares one. Kotak Institutional Equities estimates revenue growth of 0.5% over the June quarter, operating margins flat on the quarter and about 100 basis points lower than a year ago, and large-deal wins of $10-11 billion in total contract value. TCS paid Rs 12 a share after the first quarter; its second-quarter dividend was Rs 11 in October 2025 and Rs 10 in October 2024.
TCS is the first large IT exporter to report, so its commentary on pricing, client budgets and deal conversions sets the reference for Infosys, HCLTech and Wipro, which follow. The report lists the points analysts are watching: whether margins hold while clients ask for productivity discounts on renewals, how AI work is changing contract sizes, and how much revenue the BSNL contract still adds. A 100 basis point margin decline on near-flat revenue would mean lower operating profit growth than a year ago.
Reported by Business Today — “TCS dividend 2026 record date, dividend history, Q2 results preview, what to watch” ↗ on 06 Oct 2026.
NSE stocks, from the last close on or before 06 Oct 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Information Technology | 40 | +5.4% | 30 of 40 | +7.1 pts |
| All tracked stocks | 804 | -1.6% | 270 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Tata Consultancy Services Ltd. TCS | ₹2,100 | ₹2,350 | +11.9% |
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