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Business & Stocks Livemint Markets & Economy • Oct 09, 2026

TCS Shares Surge 4.7% After Q2 Net Profit Grows 15%: Key Financial Metrics, AI Revenue, and Brokerage Targets

💡 Key Takeaways

•TCS shares jumped 4.7% following a 15% YoY net profit growth in Q2.
•Annualized AI revenue reached a significant milestone of $3.1 billion.
•The board declared an interim dividend of ₹12 per share, with Emkay maintaining a ₹2,600 target.

NEW DELHI [NCRBuzz Wire] — ### TCS Q2 Financial Performance Overview

**TATA CONSULTANCY SERVICES reported a stellar fiscal performance for the second quarter, driving a 4.7% surge in its equity valuation on Dalal Street.** The quarterly net profit expanded by 15% year-over-year, while total operational revenue registered an 11% growth, signaling robust enterprise demand across key Western markets.

| Metric / Aspect | Details |

|---|---|

| Q2 Net Profit Growth (YoY) | 15% |

| Q2 Revenue Growth (YoY) | 11% |

| Annualised AI Revenue | $3.1 Billion |

| Interim Dividend Declared | ₹12 Per Share |

| Brokerage Target Price (Emkay) | ₹2,600 (Add Rating) |

**Institutional brokerages have responded positively to the technological pivot demonstrated in the earnings report.** Emkay Global retained its 'add' rating on the IT bellwether, issuing a target price of ₹2,600 per share while citing strong digital transformation pipelines.

**The Board of Directors also rewarded equity holders by declaring a ₹12 per share interim dividend.** Market analysts note that the milestone achievement of $3.1 billion in annualized AI revenue underscores the firm's successful scaling of generative artificial intelligence and enterprise cloud capabilities.

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🏛️ Background Context

The Indian IT sector has been navigating macro-economic uncertainties across Western markets while accelerating investments in artificial intelligence, cloud infrastructure, and automation. TCS's strong Q2 performance reflects sustained enterprise tech spending and effective cost-optimization strategies amidst evolving global monetary policies.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was the net profit and revenue growth for TCS in Q2?

TCS reported a 15% year-over-year growth in net profit and an 11% increase in operational revenue for the second quarter.

Q2: What is the interim dividend declared by the TCS board?

The board of directors declared an interim dividend of ₹12 per share for equity shareholders.

Q3: What are the brokerage targets and AI revenue figures for TCS?

Emkay Global retained an add rating with a target price of ₹2,600, while annualized AI revenue reached $3.1 billion.

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