Tata Consultancy Services announced India's largest-ever IT sector share buyback programme worth Rs 18,000 crore at a price of Rs 4,500 per share, representing a 12% premium to the prevailing market price. The buyback, which will be conducted through the tender route, is expected to benefit approximately 1.2 crore shareholders and further enhances TCS's track record of consistent shareholder value creation through dividends and buybacks.
TCS has returned over Rs 1.5 lakh crore to shareholders through dividends and buybacks over the past decade, making it one of the most consistent capital allocators in Indian corporate history. The board also declared an interim dividend of Rs 11 per share for Q4 FY26, taking the total dividend for FY26 to Rs 64 per share — the highest in the company's history. TCS's cash and cash equivalents stood at Rs 62,400 crore at the end of Q4 FY26.
The buyback announcement comes alongside TCS's strong Q4 results, where the company reported revenue growth of 5.3% in constant currency terms and a net profit of Rs 12,224 crore. The company's order book for Q4 was robust at $14.2 billion total contract value. CEO K Krithivasan said the buyback reflects TCS's confidence in its long-term growth trajectory and its commitment to delivering superior returns to shareholders who have supported the company through its growth journey.
