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.

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