TCS share price fell over 1% in early trade on Friday after the IT major reported its Q2 results. TCS shares declined as much as 1.53% to ₹3015.00 apiece on the BSE.
TCS reported a net profit of ₹12,075 crore in Q1FY26, registering a fall of 3.8% from ₹12,760 crore in the previous quarter. The company’s revenue rose 3.7% QoQ to ₹65,799 crore, with CC revenue growth at 0.8%.
At the operational level, EBIT increased 6.8% to ₹16,565 crore, while EBIT margin improved by 70 bps to 25.2%, QoQ.
TCS board of directors declared a dividend of ₹11 per share.
The IT major also announced strategic investments, including a new business entity to build world class AI infrastructure with 1 GW capacity AI datacenter in India and the acquisition of 100% stake in ListEngage.
Analysts remain bullish on the stock as TCS Q2 results were better than expectations. Brokerages have raised TCS share price target after the Q2 results.
At 9:25 AM, TCS share price was trading 0.71% lower at ₹3,040.15 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
