Tata Consultancy Services has delivered strong financial performance in Q2FY27, reporting a consolidated net profit of ₹13,884 crore for the quarter ended September 30, 2026, representing a 15% increase from ₹12,075 crore in the year-ago period. The IT services giant demonstrated robust growth with consolidated revenue from operations of ₹73,188 crore, marking an 11.22% increase from ₹65,799 crore in Q2FY26. The company's profit before tax stood at ₹18,638 crore, up from ₹17,944 crore in the previous quarter and ₹16,068 crore in the corresponding quarter last year. Basic and diluted earnings per share reached ₹38.37 for the quarter. TCS maintained healthy margins with an operating margin of 24% and net margin at 19% for the quarter. According to CEO K Krithivasan, about 10% of overall revenue came from the AI front, where the firm upped annualised revenue to $3.1 billion from $2.6 billion in the June quarter.
TCS has fixed October 14 as the record date for its second interim dividend of ₹12 per share for FY27, making today the last day for investors to purchase shares to be eligible for the payout. According to The Economic Times, investors must purchase shares at least one trading day before the record date to ensure they are credited to their demat accounts by October 30, 2026. The latest dividend comes after TCS paid an interim dividend of ₹12 per share in July, and the company has declared 96 dividends since October 2004. With a dividend yield of more than 5% at current market price, TCS has a market capitalisation of nearly ₹7.69 lakh crore. The company has a SEBI T+1 settlement norm requiring investors to purchase shares at least one trading day before the record date.
Vedanta's board of directors have declared the first interim dividend of 2026-27 of ₹5 per share on a face value of ₹1 per share for FY27, amounting to ₹1,955 crore. The record date for this dividend is also October 14, making it crucial for investors to purchase shares today to be eligible for both TCS and Vedanta dividend payments. This announcement comes as both companies have set the same record date for their respective dividend distributions, creating additional urgency for investors seeking dividend eligibility.
JSW Steel will be in focus following the release of its quarterly crude steel production data for Q2FY27. As reported by The Financial Express, the steel major's consolidated crude steel output increased 5% YoY to 7.27 million tonnes during the quarter. Production from Indian operations specifically reached 7.07 million tonnes. The company's first half FY27 consolidated production volume rose 4% YoY to 13.86 million tonnes. JSW Steel reported capacity utilisation of 88% for Indian operations in Q2FY27, with September capacity utilisation reaching 90% as blast furnace 3 at Vijayanagar gradually ramps up after upgradation.
NCC will be in focus after securing a significant infrastructure project. As reported by The Financial Express, the company received a letter of acceptance from the Hyderabad Growth Corridor for construction of a radial road. The order value stands at ₹1,286.03 crore and is expected to be completed within 18 months. This major infrastructure contract represents a substantial addition to NCC's project portfolio and provides revenue visibility for the coming period.
