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22 Oct 2025
Indian IT companies Q3 FY26 results – TCS Infosys HCL Technologies earnings and dividends
📊 Stock Analysis
Complete financial analysis with key metrics and investment outlook
Indian IT Majors Q3 FY26 Results Overview
India’s leading IT services companies — Tata Consultancy Services (TCS), Infosys and HCL Technologies — reported their Q3 FY26 (December 2025 quarter) financial results, reflecting steady revenue growth, stable margins and strong cash generation despite global macro uncertainty.
Demand for digital transformation, cloud services, engineering solutions and large deal signings supported earnings momentum across the sector.
Tata Consultancy Services (TCS) – Q3 FY26 Highlights
Stock Price: ₹3,192 | Market Cap: ₹11,55,074 Cr | P/E: 22.6
Financial Performance (₹ Cr)
| Metric | Dec 2025 | Sep 2025 | Dec 2024 | YoY |
|---|---|---|---|---|
| Revenue | 67,087 | 65,799 | 63,973 | ↑ 5% |
| EBITDA | 18,269 | 17,978 | 17,034 | ↑ 7% |
| Net Profit | 10,720 | 12,131 | 12,444 | ↑ 7% |
| EPS (₹) | 29.45 | 33.37 | 34.22 | ↓ 14% |
Dividend Announcement
- Third Interim Dividend: ₹11 per share
- Special Dividend: ₹46 per share
- Total Dividend: ₹57 per share
- Record Date: 17 January 2026
- Payment Date: 3 February 2026
Key Technical Metrics
- ROCE: 64.6%
- ROE: 52.4%
- Dividend Yield: 1.88%
- Debt to Equity: 0.10
View TCS Official Results (BSE)
Infosys – Q3 FY26 Highlights
Stock Price: ₹1,600 | Market Cap: ₹6,48,666 Cr | P/E: 22.5
Financial Performance (₹ Cr)
| Metric | Dec 2025 | Sep 2025 | Dec 2024 | YoY |
|---|---|---|---|---|
| Revenue | 45,479 | 44,490 | 41,764 | ↑ 9% |
| EBITDA | 10,634 | 10,535 | 10,115 | ↑ 5% |
| Net Profit | 6,666 | 7,375 | 6,822 | ↑ 11% |
| EPS (₹) | 16.41 | 17.73 | 16.39 | Flat |
Management Commentary
- Large deal wins of $4.8 billion
- Constant currency revenue growth of 0.6% QoQ
- FY26 revenue guidance revised to 3.0%–3.5%
- Strong free cash flow generation
Key Technical Metrics
- ROCE: 37.5%
- ROE: 28.8%
- Dividend Yield: 2.69%
- Debt to Equity: 0.11
View Infosys Official Results (BSE)
HCL Technologies – Q3 FY26 Highlights
Stock Price: ₹1,668 | Market Cap: ₹4,52,775 Cr | P/E: 26.4
Financial Performance (₹ Cr)
| Metric | Dec 2025 | Sep 2025 | Dec 2024 | YoY |
|---|---|---|---|---|
| Revenue | 33,872 | 31,942 | 29,890 | ↑ 13% |
| EBITDA | 7,412 | 6,545 | 6,860 | ↑ 8% |
| Net Profit | 4,082 | 4,236 | 4,594 | ↑ 4% |
| EPS (₹) | 15.02 | 15.61 | 16.92 | ↓ 11% |
Dividend & Acquisitions
- Interim Dividend: ₹12 per share
- Record Date: 17 January 2026
- Payment Date: 27 January 2026
- Acquisition of Telco Solutions Business from HPE for ₹1,438 Cr
- Acquisition of Jaspersoft (CSG) for ₹2,157 Cr
Key Technical Metrics
- ROCE: 31.6%
- ROE: 25.0%
- Dividend Yield: 3.24%
- Debt to Equity: 0.10
View HCL Tech Official Results (BSE)
Overall Sector Takeaway
- IT majors delivered steady revenue growth in Q3 FY26
- Strong dividends enhanced shareholder value
- Strategic acquisitions strengthened long-term capabilities
- Valuations remain reasonable versus industry averages
Data as per Q3 FY26 BSE filings | Published for investor awareness
