On January 12, 2026, TCS's board will convene to debate a third interim dividend and approve the company's Q3FY26 financial results. January 17, 2026 is the record date for dividend eligibility.
The largest IT services provider in India, Tata Consultancy Services (TCS), announced on Wednesday, December 24, that its board of directors will convene on Monday, January 12, 2026, to review and approve the unaudited financial results for the December quarter (Q3FY26) as well as for the quarter and nine months ending December 31, 2025.
Dividend from TCS
According to a regulatory filing today, the board will also decide whether to pay the third interim dividend for the fiscal year 2025–2026. To identify eligible shareholders for the dividend payment, the board has designated Saturday, January 17, 2026, as the record date.
In Q2FY26, the firm announced an interim dividend of ₹11 per share. Additionally, TCS declared that from Wednesday, December 24, 2025, until 48 hours after the financial results are released, the trading window for the company's stocks will be closed.
TCS's Q2 2025 results
Aided by strength in its banking, financial services, and insurance business, the company reported a 2.4% YoY gain in its top line to ₹65,799 crore for the September quarter (Q2FY26), exceeding the Street predictions. It also stated that it anticipates higher growth in the second half of the fiscal year.
While sales from the company's consumer, healthcare, and manufacturing verticals decreased by 2.9%, 2.2%, and 1.1%, respectively, revenue in its core banking, financial services, and insurance segment—which makes up roughly one-third of the business—rose by 1%.
Despite a 1.4% increase in consolidated earnings to ₹2,075 crore, analysts were disappointed due to an increase in severance expenses. TCS revealed in July that it would eliminate 2% of its personnel in fiscal 2026, which would impact roughly 12,200 middle and senior management positions.
During the quarter, the company's workforce decreased by 19,755 sequentially, which was the biggest quarterly decline ever.
At the conclusion of the quarter, TCS had $10 billion in total order bookings, up from $9.4 billion in the June quarter and $8.6 billion in the same period last year. The company also announced during the quarter that it would establish a new corporate entity to construct AI infrastructure over the course of five to seven years, including a 1 GW data center in India.
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