TCS Vs HCL Tech Vs Infosys Q2 Results Date OUT: Share Prices, Earnings Preview, Dividends, Record Dates; BUY?

Three tech giants have declared their Q2 result date for FY27. These are Tata Consultancy Services (TCS), HCL Technologies, and Infosys. All three companies will declare their Q2FY27 results next month, and all of them are planning to propose interim dividend payouts for the fiscal year. Accordingly, their share prices will remain in focus.

TCS Vs HCL Tech Vs Infosys Q2 Results Dates

As per the regulatory filing, TCS is the first to kickstart the Q2 earnings season, as it fixed October 8th to declare its financial results. This will be followed by HCL Tech on October 12th and Infosys on October 23rd.

All three companies will declare their financial results as
per INDAS and IFRS for the quarter and half year ending September 30, 2026.

TCS Vs HCL Tech Vs Infosys Upcoming Dividends

All three have declared to consider interim dividend payouts on the Q2 result announcement day.

TCS Dividend

TCS will consider the declaration of the second interim dividend to the equity shareholders. It said, the he second interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, October 14, 2026, which is the Record Date fixed for this purpose.

Earlier for FY27, TCS delivered its first interim dividend of Rs 12 per share in July 2026.

HCL Technologies Dividend

Meanwhile, HCL Tech said it will consider third interim dividend for FY27 on October 12th. The record date is yet to be announced.

Earlier, HCL Tech rewarded investors with first and second interim dividend of Rs 24 and Rs 12 per share in April and July month.

Infosys Dividend

On the other hand, Infosys will consider its first interim dividend of FY27. In the past 12 months, Infosys has paid up to Rs 48 dividend per share and carried a buyback for FY26.

TCS vs HCL Tech vs Infosys Share Prices

At present, TCS shares are at Rs 2106 apiece on BSE, with market cap of Rs 7,61,969.23 crore. YTD, the largest tech stock has crashed by nearly 35% on the exchange.

Meanwhile, Infosys shares stood at Rs 1029.80 apiece on BSE with market cap of Rs 4,17,916.78 crore. YTD, this second largest tech company dropped nearly 37%.

Coming to HCL Tech, the third largest IT player is currently at Rs 1,270 apiece on BSE with market cap of Rs 3,44,635.47 crore. In 2026 so far, HCL has declined over 22%.

TCS Vs Infosys Vs HCL Technologies Q2 Earnings Preview

For FY27, HCL has retained its revenue growth guidance to 1-4%, while IT services growth guidance ranges from 1.5% to 4.5%. The EBIT margin is expected at 17.5% to 18.5%.

Meanwhile, for 2026-27 fiscal, Infosys has cut its upper-end constant currency revenue growth guidance to 3% from the earlier 3.5%, while keeping the lower-end guidance unchanged at 1.5%. Also, EBITDA margin guidance for FY27 has been retained at 20-22%.

A latest report of Choice Institutional Equities reveals that for Indian IT, BFSI remains a relative bright spot, but vendor consolidation and wallet-share gains should matter more than sector spend growth alone.

Their note added, "We favour vendors combining scale, BFSI domain depth, modernisation capabilities and differentiated AI offering, while recognising that AI-led productivity and outcome-based pricing could limit revenue conversion. The opportunity is, therefore, structural wallet expansion plus vendor share gains, with AI as the key growth catalyst."

Furthermore, these analysts thesis points out at two opportunities going ahead. First, follow the structural
expansion of the banking technology wallet; second, identify the vendors best-positioned to capture disproportionate share of that wallet.

"We see the strongest opportunities where AI-led transformation intersects with core modernisation, cloud/data migration, cybersecurity and vendor consolidation, as these programmes are larger, more strategic and harder to insource. Bank tech-spend growth, vendor consolidation and AI-led deal conversion remain key monitorables, with pricing and productivity pass-through determining the ultimate revenue and margin capture for Indian IT," their note added.

TCS Vs HCL Tech Vs Infosys: Which Tech Stock To Buy?

Analysts at Choice have recommended "REDUCE" on all three stocks. Its target price for TCS is Rs 2,320, for Infosys the target is Rs 1,035 and for HCL Tech, the target price is of Rs 1,230. This could change after Q2 results.

On the Trendlyne tracker, the consensus recommendation from 39 analysts for HCL Technologies is HOLD with average 12-month target price at Rs 1264.46.

For Infosys, the consensus recommendation from 42 analysts is BUY. The average 12-month target price is Rs 1204.52.

Lastly, for TCS, the consensus recommendation from 41 analysts is BUY. The average 12-month target price comes around Rs 2474.61.

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