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

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.

Updated: 8 Oct 2026 • 10:12 am

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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

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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Table of Contents

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.