TCS Declares ₹57 Dividend Despite 14% Profit Drop; Check Record Date!

• TCS reported a 14% year-on-year consolidated net profit decline to ₹10,657 crore in Q3 FY26, missing market estimates.
• The profit drop was primarily due to ₹2,128 crore in new labor code charges and ₹1,010 crore for a US legal dispute.
• Excluding exceptional items, net profit increased by 8.5% year-on-year to ₹13,438 crore, indicating stable operational performance.
• The company announced a dividend of ₹57 per share, including a special dividend of ₹46, with a record date of January 17, 2026.
• TCS's annual earnings from AI services reached $1.8 billion, with strong demand in cloud, data, cybersecurity, and enterprise transformation.

Why It Matters: TCS declared a significant dividend despite a profit dip caused by one-time expenses, showing strong operational health.