In an exchange filing, the company said its board will “recommend a final dividend, if any, on the equity shares of the company for the financial year ending March 31, 2026, for approval by shareholders at the ensuing 31st Annual General Meeting.”
TCS has maintained a strong record of rewarding shareholders in the past. Most recently, it paid an interim dividend of Rs 11 along with a special dividend of Rs 46 on January 16, 2026. Before that, it distributed an interim dividend of Rs 11 on October 15, 2025, another interim dividend of Rs 11 on July 16, 2025, and a final dividend of Rs 30 on June 4, 2025.
In 2021, the year following the onset of Covid-19, TCS declared an interim dividend of Rs 6 per share, two additional payouts of Rs 7 per share each and a final dividend of Rs 15 per share, data from Trendlyne showed.
In 2022, the company announced an interim dividend of Rs 7, along with two more interim payouts of Rs 8 each, and a final dividend of Rs 22 per share in May. In 2023, TCS began with an interim dividend of Rs 8 per share and a special dividend of Rs 67 per share, taking the one-time payout to Rs 75 per share. It also declared two interim dividends of Rs 9 each and a final dividend of Rs 24 per share.
In 2024, the company’s first payout was Rs 27 per share, which included an interim dividend of Rs 9 and a special dividend of Rs 18. It also paid two interim dividends of Rs 10 each, along with a final dividend of Rs 28 per share.
In 2025, TCS paid an interim dividend of Rs 10 per share along with a special dividend of Rs 66, taking the total one-time payout to Rs 76 per share. This was followed by two more payouts of Rs 11 each and a final dividend of Rs 30 per share.
TCS Q4 result expectations
TCS is expected to post a revenue growth of about 8% year-on-year and profit growth of around 12%, based on an average estimate of 8 brokerage forecasts. On a sequential basis, most analysts expect low single-digit growth, reflecting continued caution in client spending.
Brokerages largely see constant currency (CC) revenue growth in the range of 1-1.5% quarter-on-quarter for India’s largest IT services provider. Nomura expects about 1% growth, driven entirely by developed markets, while Nuvama and Motilal Oswal estimate slightly higher growth of 1.2-1.5%. ICICI Securities has pegged growth at 1.4%, including a small contribution from acquisitions.
A key driver this quarter is likely to be the BFSI vertical, which continues to show resilience. Technology and telecom are also expected to support growth, while sectors such as retail and auto remain weak due to demand uncertainty.
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