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neutral-positive
17h agoTCS Q2FY26 Earnings and AI Infrastructure Plan; LG Electronics IPO Allotment Today
Tata Consultancy Services (TCS) announced its Q2 FY26 earnings after market hours on October 9th (IST). The company reported a net profit of ₹12,075 crore, a 1.4% year-on-year increase, including a one-off restructuring expense of ₹1,135 crore. Excluding this expense, net profit rose by 8.4%. Revenue grew 3.7% sequentially to ₹65,799 crore, with Constant Currency (CC) revenue up 0.8%, ending two quarters of CC decline. Total Contract Value (TCV) was strong at $10 billion. The company also declared a second interim dividend of ₹11 per share. A major strategic announcement was the plan to invest $6-6.5 billion over six years in a new subsidiary to build a 1 GW AI and sovereign data center infrastructure in India, raising some analyst concerns about its impact on the firm's traditionally high return on equity (RoE). Concurrently, the allotment status for the LG Electronics India IPO, which saw a bumper 54.02x oversubscription, is set to be finalized on October 10th (IST).
neutral-positive
17h agoTCS Q2FY26 Earnings and AI Infrastructure Plan; LG Electronics IPO Allotment Today
Tata Consultancy Services (TCS) announced its Q2 FY26 earnings after market hours on October 9th (IST). The company reported a net profit of ₹12,075 crore, a 1.4% year-on-year increase, including a one-off restructuring expense of ₹1,135 crore. Excluding this expense, net profit rose by 8.4%. Revenue grew 3.7% sequentially to ₹65,799 crore, with Constant Currency (CC) revenue up 0.8%, ending two quarters of CC decline. Total Contract Value (TCV) was strong at $10 billion. The company also declared a second interim dividend of ₹11 per share. A major strategic announcement was the plan to invest $6-6.5 billion over six years in a new subsidiary to build a 1 GW AI and sovereign data center infrastructure in India, raising some analyst concerns about its impact on the firm's traditionally high return on equity (RoE). Concurrently, the allotment status for the LG Electronics India IPO, which saw a bumper 54.02x oversubscription, is set to be finalized on October 10th (IST).
neutral-positive
TCS Q2FY26 Earnings and AI Infrastructure Plan; LG Electronics IPO Allotment Today
about 18 hours ago
1 min read
158 words
TCS Q2 profit up 1.4% with strong TCV and revenue returning to CC growth; announces $6-6.5 billion plan for 1 GW AI data center and ₹11 interim dividend. LG Electronics IPO allotment finalized today.
Tata Consultancy Services (TCS) announced its Q2 FY26 earnings after market hours on October 9th (IST). The company reported a net profit of ₹12,075 crore, a 1.4% year-on-year increase, including a one-off restructuring expense of ₹1,135 crore. Excluding this expense, net profit rose by 8.4%. Revenue grew 3.7% sequentially to ₹65,799 crore, with Constant Currency (CC) revenue up 0.8%, ending two quarters of CC decline. Total Contract Value (TCV) was strong at $10 billion. The company also declared a second interim dividend of ₹11 per share. A major strategic announcement was the plan to invest $6-6.5 billion over six years in a new subsidiary to build a 1 GW AI and sovereign data center infrastructure in India, raising some analyst concerns about its impact on the firm's traditionally high return on equity (RoE). Concurrently, the allotment status for the LG Electronics India IPO, which saw a bumper 54.02x oversubscription, is set to be finalized on October 10th (IST).
Tata Consultancy Services (TCS) announced its Q2 FY26 earnings after market hours on October 9th (IST). The company reported a net profit of ₹12,075 crore, a 1.4% year-on-year increase, including a one-off restructuring expense of ₹1,135 crore. Excluding this expense, net profit rose by 8.4%. Revenue grew 3.7% sequentially to ₹65,799 crore, with Constant Currency (CC) revenue up 0.8%, ending two quarters of CC decline. Total Contract Value (TCV) was strong at $10 billion. The company also declared a second interim dividend of ₹11 per share. A major strategic announcement was the plan to invest $6-6.5 billion over six years in a new subsidiary to build a 1 GW AI and sovereign data center infrastructure in India, raising some analyst concerns about its impact on the firm's traditionally high return on equity (RoE). Concurrently, the allotment status for the LG Electronics India IPO, which saw a bumper 54.02x oversubscription, is set to be finalized on October 10th (IST).
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Tags:
IT Services
Earnings
IT Services
Earnings
IPO
Dividend
Artificial Intelligence
Data Center
India Markets
TCS
LG Electronics
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