TCS Q2 Results Today: What to Expect From the September Quarter, Brokerage Estimates for Revenue, Profit and Margin, the Second Interim Dividend Schedule With the 14 October Record Date and What to Track on the Earnings Call
- October 8, 2026
- Posted by: Harsh Piplani
- Category: News
TCS Q2 on 8 Oct after hours, call 7 pm. Est: $7.66 bn (+0.5% QoQ), EBIT margin 24.1-24.4%, PAT Rs 13,640-13,750 cr. Dividend record date 14 Oct.
Quick Answer
TCS Q2 results today are expected after market hours, with the earnings call at 7 pm, and brokerages estimate dollar revenue of about $7.66 billion, up 0.4% to 0.6% on the quarter, rupee revenue of about Rs 73,100 crore, up about 11% year on year, an EBIT margin of 24.1% to 24.4% and net profit of about Rs 13,640 crore to Rs 13,750 crore. The board will also consider a second interim dividend for FY27, and the record date is already fixed as Wednesday, 14 October, which under T+1 settlement is also the ex-date, so 13 October is the last day to buy for eligibility. The first interim dividend was Rs 12 and last year’s second interim was Rs 11, and the payment date has not been announced, though last year’s payout came 20 days after the record date. Total contract value, the margin and the second-half outlook are the key numbers, because estimates of profit growth differ between 5% and 14% depending on whether the base year includes a one-off charge.
TCS Q2 results open the September-quarter earnings season for India Inc, and the trading window for company securities stays closed until 10 October. The stock has fallen about 35% this year, so the market is watching for any sign that growth is stabilising.
If you want the numbers, dates and checklist in one place, this article covers the results time of 8 October and the 7 pm call, the TCS Q2 estimates such as $7,662 million revenue, Rs 73,110 crore rupee revenue, a 24.1% EBIT margin and Rs 13,702 crore profit, the Q1 FY27 and Q2 FY26 base, the second interim dividend, the TCS dividend and the TCS record date of 14 October, the Rs 12 first interim, history and yield, the key monitorables including TCV and the risks.
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TCS Q2 Results Today: Date, Time and Schedule
| Item | Detail |
|---|---|
| Results date | Thursday, 8 October 2026 |
| Timing | After market hours; the board meeting approves audited standalone and consolidated results for the quarter and six months ended 30 September |
| Earnings call | 7:00 pm IST |
| Dividend | Board to consider a second interim dividend for FY27 |
| TCS record date | Wednesday, 14 October 2026 |
| Trading window | Closed until 48 hours after the announcement, about 10 October |
TCS has already fixed the record date ahead of the TCS Q2 results, so the dividend will be paid to holders on the register on 14 October if it is declared.
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TCS Q2 Estimates: Revenue, Profit and Margin in the TCS Q2 Results
| Source | Dollar revenue | Rupee revenue | EBIT margin | Net profit |
|---|---|---|---|---|
| Nuvama | $7,662 million, up 0.5% | Rs 73,110 crore, up 11.1% | 24.1%, down 110 bps year on year | Rs 13,702 crore, up 13.5% |
| Emkay Global | $7,662 million, up 0.5% | Rs 73,081 crore, up 11.1% | Not stated here | Rs 13,751 crore |
| HDFC Institutional Equities | Not stated here | Rs 73,081 crore, up 11.1% | Not stated here | Rs 13,639 crore, up 5.4% |
| Zee Business estimate | $7,656 million, up 0.4% | Rs 73,173 crore, up 1.2% on the quarter | 24.4% | Not stated here |
| CNBC-TV18 poll | $7,657 million, up 0.4% | Not stated here | 24.2%, EBIT Rs 17,738 crore | Not stated here |
| Kotak Institutional Equities | About 0.5% sequential growth | Not stated here | Down about 100 bps year on year, stable on the quarter | Not stated here |
Profit growth estimates for the TCS Q2 results range from about 5% to 14% because the Q2 FY26 base differs between sources: reported profit was Rs 12,075 crore, while some previews imply a higher base near Rs 12,900 crore, which suggests an adjustment for a one-off item, so verify against the filing.
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The Base Behind TCS Q2 Results
| Metric | Q2 FY26 | Q1 FY27 |
|---|---|---|
| Revenue from operations | Rs 65,799 crore | Rs 72,275 crore, up 13.9% year on year |
| Net profit | Rs 12,075 crore | Rs 13,349 crore, after a Rs 668 crore legal provision |
| Operating margin | Not stated here | 24.0%, after a 170 bps wage hit |
| Dollar revenue | Not stated here | $7,624 million, flat on the quarter and up 2.7% year on year |
| Total contract value | Not stated here | Reported figures vary between sources; check the company release |
| AI revenue and people | Not applicable | Annualised AI revenue of $2.6 billion; headcount 593,798; attrition 13.6% |
Q1 TCV figures vary between sources, so check the company release for the TCS Q2 results base, and note that the Q2 estimates of $8 billion to $11 billion include the Porsche deal.
TCS Dividend and TCS Q2 Results: Record Date, Ex-Date and History
| Item | Detail |
|---|---|
| Record date | Wednesday, 14 October 2026 |
| Ex-dividend date | Wednesday, 14 October under T+1, the same as the record date |
| Last day to buy | Tuesday, 13 October to be eligible |
| Amount | Not announced; to be decided on 8 October |
| Payment date | Not announced; last year the record date was 15 October and payment was on 4 November |
| FY27 so far | Rs 12 per share first interim dividend |
| Second interim in earlier years | Rs 11 in 2025, Rs 10 in 2024, Rs 9 in 2023 and Rs 8 in 2022 |
| FY26 total | About Rs 110 per share, including Rs 11 three times, a Rs 46 special and a Rs 31 final |
If the second interim dividend in the TCS Q2 results is Rs 12, matching the first, the payout is about 0.57% of a Rs 2,100 price, my calculation, and the trailing yield stays above 5%.
What to Track in the TCS Q2 Results and the Earnings Call
- Constant-currency growth against the 0.4% to 0.6% estimates.
- EBIT margin against 24.2% to 24.4%, and whether wage costs have settled.
- Total contract value and the share of AI-linked deals.
- Commentary on discretionary spending and the second-half recovery, including the effect of furloughs in Q3.
- Headcount, attrition and utilisation.
- Any update on the BSNL contract, which analysts have not factored in.
These are the numbers that decide the market reaction to the TCS Q2 results.
Risks Around the TCS Q2 Results
Muted growth: Flat sequential growth in the TCS Q2 results could disappoint if deal wins also lag.
Margin pressure: Wage costs and AI-led pricing can keep the margin in the TCS Q2 results below estimates.
Base effects: Different profit bases can make the headline growth look better or worse than the underlying trend.
Macro backdrop: Middle East tensions and a soft global economy slow decisions.
Stock reaction: After a 3% pre-results rally, an in-line result may not lift the stock.
What to Watch Next After the TCS Q2 Results
- The stock’s reaction on 9 October.
- The 14 October record date and the payment date announcement.
- HCLTech results on 12 October, then Wipro, Tech Mahindra, Infosys and Coforge.
- Brokerage target changes after the call.
- Q3 guidance on furloughs and demand.
Conclusion
TCS Q2 results are due after market hours on 8 October, with estimates of about 0.5% sequential dollar revenue growth, an EBIT margin near 24.2% and profit of Rs 13,640 crore to Rs 13,750 crore, and a second interim dividend to be considered with a 14 October record date. Deal wins and the margin decide the reaction. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
When are the TCS Q2 results?
Ans. The TCS Q2 results are due today, 8 October 2026, after market hours, with the earnings call at 7 pm.
What are the TCS Q2 estimates in the TCS Q2 results preview?
Ans. Dollar revenue of about $7.66 billion, rupee revenue of about Rs 73,100 crore, an EBIT margin of 24.1% to 24.4% and net profit of about Rs 13,640 crore to Rs 13,750 crore.
What is the TCS record date for the dividend?
Ans. Wednesday, 14 October 2026, which is also the ex-date under T+1, so 13 October is the last day to buy before the TCS Q2 results dividend goes ex.
How much will TCS pay as the second interim dividend?
Ans. It has not been announced. The board will decide with the TCS Q2 results on 8 October, and the first interim dividend was Rs 12.
When will the TCS dividend be paid?
Ans. The payment date has not been announced with the TCS Q2 results. Last year payment came 20 days after the record date.
What is the Q2 FY26 base?
Ans. For the TCS Q2 results, the base is revenue of Rs 65,799 crore and reported net profit of Rs 12,075 crore.
What is TCS’s total contract value expected?
Ans. Between $8 billion and $11 billion in the TCS Q2 results depending on the brokerage, with Kotak citing the Porsche deal.
Should I buy TCS before the results?
Ans. This article does not constitute investment advice. Event risk is high. Consult a SEBI-registered financial advisor.
