Tata Consultancy Services (TCS), India's premier IT services giant, has officially announced a crucial board meeting scheduled for the new year. The company's board of directors will convene on Monday, January 12, 2026, to deliberate on key financial matters for the ongoing fiscal year.
Agenda for the Crucial Board Meeting
The primary agenda for the January 12 meeting is twofold. Firstly, the board will consider and give its approval to the unaudited financial results for the third quarter (Q3) of the fiscal year 2025-26, which ended on December 31, 2025. Secondly, the board will also review the financials for the nine-month period ending December 31, 2025.
In a significant move for shareholders, the board will also decide on the declaration of the third interim dividend for FY 2025-26. The company has already fixed Saturday, January 17, 2026, as the record date to determine which shareholders are eligible to receive this dividend payout. This announcement follows the company's previous interim dividend of ₹11 per share declared during the second quarter (Q2 FY26).
Trading Window Closure and Recent Performance Snapshot
In line with regulatory norms, TCS has confirmed the closure of its trading window for insider transactions. The window was shut starting Wednesday, December 24, 2025, and will reopen 48 hours after the Q3 financial results are officially disclosed to the public.
This board meeting comes on the heels of the company's performance in the previous quarter. For Q2 FY26 (July-September 2025), TCS reported a 2.4% year-on-year growth in revenue, reaching ₹65,799 crore, surpassing market expectations. This growth was primarily driven by its key Banking, Financial Services, and Insurance (BFSI) segment, which contributes roughly one-third of its total business.
Segment-Wise Performance and Strategic Moves
While the BFSI vertical saw a 1% revenue increase, other segments like Consumer, Healthcare, and Manufacturing witnessed declines of 2.9%, 2.2%, and 1.1% respectively. On the profitability front, consolidated net profit saw a modest rise of 1.4% to ₹2,075 crore, though it fell short of analyst forecasts due to increased severance costs linked to a workforce restructuring plan.
The company had earlier announced a plan to reduce its workforce by about 2% in FY26, impacting an estimated 12,200 middle and senior management roles. This was reflected in a significant sequential drop of 19,755 employees in Q2, marking the steepest quarterly decline in its history.
Despite these challenges, TCS demonstrated strong deal momentum, with total order bookings standing at $10 billion at the end of Q2, up from $9.4 billion in the June quarter. In a forward-looking strategic initiative, TCS also revealed plans to establish a new business entity focused on building AI infrastructure. This ambitious project includes developing a 1 GW data center in India over the next five to seven years.
Investors and market watchers will now keenly await the outcomes of the January 12 board meeting for insights into the company's Q3 performance and its dividend distribution policy for the fiscal year.
