Tata Consultancy Services delivered a resilient Q2 FY27 performance that exceeded market expectations, with consolidated net profit rising to ₹13,900 crore compared to street estimates of ₹13,800 crore. The profit showed sequential growth from ₹13,400 crore in Q1 FY27 and year-on-year increase from ₹12,075 crore in the corresponding quarter last year. Revenue from operations improved to ₹73,200 crore, representing a sequential increase from ₹72,300 crore in the previous quarter and 11.2% year-on-year growth from ₹65,799 crore in Q2 FY26. The company's operating EBIT margin expanded slightly to 23.98% compared with 23.96% in the previous quarter, demonstrating operational efficiency despite wage revision impacts.
Tata Consultancy Services has declared its second interim dividend of ₹12 per equity share for the financial year 2026-27. According to the company's BSE filing, the dividend will be paid to eligible shareholders based on the record date and ex-dividend date. TCS plans to distribute the dividend before the month-end, with the company maintaining its position as one of the largest dividend-paying stocks in the Indian market. With this declaration, TCS has declared ₹24 per share in interim dividends so far in FY27, compared to ₹22 per share in the corresponding period last year.
The record date for eligibility is fixed on October 14, 2026, which also serves as the ex-dividend date. As reported by TCS, eligible shareholders will receive the dividend payment on Friday, October 30, 2026. The company emphasizes that investors must hold TCS shares in their demat account as of October 14, 2026, to be eligible for the dividend distribution. The dividend will be credited directly to the bank account linked to the shareholder's demat account. Investors looking to receive the dividend need to hold TCS shares in their demat accounts in accordance with the applicable settlement cycle so that they are eligible as shareholders on the record date.
The standout highlight of TCS's Q2 FY27 results is the rapid expansion of its AI-led portfolio, with annualized AI revenue climbing to $3.1 billion from $2.6 billion in the previous quarter. This represents strong execution and delivery of GenAI migrations and autonomous business solutions, positioning TCS well for long-term digital transformation trends. The company's total contract value (TCV) stood at $9.6 billion during the quarter, with key growth drivers being Banking, Financial Services and Insurance (BFSI), manufacturing, and technology services. The sequential improvements in margins indicate that the impact of wage hikes is largely behind the company, supporting stable operational performance.
The dividend calculation follows a simple structure where each shareholder receives ₹12 per equity share regardless of the number of shares held. According to the company's announcement, investors holding 10 shares receive ₹120, while those with 100 shares get ₹1,200. The maximum dividend for 10,000 shares is ₹1.20 lakh. For example, shareholders holding 250 shares will receive ₹3,000 (250 × ₹12), demonstrating the scalable nature of the dividend distribution. The dividend amounts to ₹12 per share for equity shares with a face value of ₹1 each.
