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Tata Consultancy Services announced that its wholly owned subsidiary, Tata Consultancy Services Netherlands B.V. has incorporated “Tata Consultancy Services Regional Headquarters” a wholly owned subsidiary in the Kingdom of Saudi Arabia on 18 January 2026.
Saudi Arabia's Regional Headquarters (RHQ) Program requires multinational companies to maintain a licensed RHQ in Riyadh, Saudi Arabia. Saudi government has made RHQ formation as pre-requisite to become eligible for participation in Government and semi-Government project bidding. It supports the objectives of KSA Vision 2030 by promoting localized decision-making, strengthening long-term commitments, and attracting foreign direct investment.
Tata Consultancy Services (TCS) announced a strategic collaboration with AMD (NASDAQ: AMD) to help enterprises scale AI adoption from pilots to production, modernise legacy environments, and build secure, high performance digital workplaces.
Under the collaboration, TCS and AMD plan to engage on the co-development of industry specific AI and GenAI solutions by combining TCS' deep domain expertise, systems integration capabilities and global innovation ecosystem with leadership AMD high performance computing and AI product portfolio. Together, the companies will help enterprises modernize hybrid cloud and edge environments, deploy AI-powered workplace solutions, and accelerate innovation across cloud-to-edge workloads.
TCS will also rapidly upskill and certify its associates on cutting-edge AMD hardware and software technologies. The two companies plan to jointly invest in talent that will help build a deep pool of experts who can co-innovate and deliver next-generation AI solutions. Additionally, industry-specific GenAI frameworks will be developed for sectors such as life sciences (drug discovery), manufacturing (cognitive quality engineering and smart manufacturing), and BFSI (intelligent risk management). Finally, the collaboration plans to deliver tailored accelerators, frameworks, and best practices to boost AI performance across both training and inference workloads, helping ensure organizations can fully harness the power of AI.
On year on year (YoY) basis, the company’s consolidated net profit declined 13.92%, while revenue from operations increased 4.87% in Q3 FY26. The company’s YoY performance was supported by growth in key verticals, led by Life Sciences & Healthcare (+2.2%), along with steady gains in Energy, Resources and Utilities (ERU) (+2.2%) and Technology & Services (+1.7%) in Q3 FY26.
The company’s order book total contract value (TCV) stood at $9.3 billion in Q3 December 2025, lower than $10 billion in Q2 September 2025 and $9.4 billion in Q1 June 2025.
In constant currency terms, revenue growth stood at 0.8% QoQ in the Q3 FY26. Revenue from annualized AI Services stood at $1.8 billion, registering a 17.3% QoQ growth in constant currency. Operating and net margins stood at 25.2% and 20% during the quarter.
Meanwhile, the company’s board declared a third interim dividend of Rs 11 per share and special dividend of Rs 46 per equity share of Rs 1 each of the company. The record date has been fixed as on Saturday, 17 January 2026 and payout will be made on Tuesday, 3 February 2026.
K Krithivasan, chief executive officer (CEO) and managing director (MD), said “The growth momentum we witnessed in Q2FY26 continued in Q3FY26. We remain steadfast in our ambition to become the world’s largest AI-led technology services company, guided by a comprehensive five-pillar strategy. Our AI services now generate $1.8 billion in annualized revenue, reflecting the significant value we provide to clients through targeted investments across the entire AI stack, from Infrastructure to Intelligence.”
Sudeep Kunnumal, chief HR officer, said “Our associates are at the heart of our transformation into an AI first enterprise. As of this quarter, there are over 217,000 associates with advanced AI skills, directly powering client success at scale. We doubled our intake of fresh graduates with higher order skills, rapidly expanding our next-generation talent pool. The passion and commitment our associates show in mastering next-gen capabilities gives us the confidence to innovate responsibly and deliver sustainable value as AI reshapes the services landscape.”
TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide.
The counter rose 0.27% to Rs 3,244.50 on the BSE.
Consumer durables, realty and pharma shares declined while media, FMCG and PSU Bank shares advanced.
At 13:25 ST, the barometer index, the S&P BSE Sensex declined 419.07 points or 0.50% to 83,459.10. The Nifty 50 index fell 139.10 points or 0.54% to 25,651.15.
In the broader market. The S&P BSE Mid-Cap index declined 0.45% and the S&P BSE Small-Cap index added 0.21%.
The market breadth was positive. On the BSE, 1,866 shares rose and 2,110 shares fell. A total of 220 shares were unchanged.
Gainers & Losers:
Oil and Natural Gas Corporation (ONGC) (up 2.80%), Eternal (up 2%), ICICI Bank (up 1.68%), Hindalco Industries (up 1.24%) and Tech Mahindra (up 1.14%) were the major Nifty50 gainers.
Trent (down 4.04%), Larsen & Tourbo (L&T) (down 3.57%), Indigo (down 2.10%), Reliance Industries (down 1.96%) and Dr Reddy Laboratories (down 1.69%) were the major Nifty50 losers.
Stocks in Spotlight:
Tata Consultancy Services (TCS) rose 0.69%. The company reported an 11.74% decline in consolidated net profit to Rs 10,657 crore, despite 1.96% increase in revenue from operations to Rs 67,087 crore in Q3 FY26 over Q2 FY26. On year on year (YoY) basis, the company’s consolidated net profit declined 13.92%, while revenue from operations increased 4.87% in Q3 FY26. The decline in profitability was impacted due to one-time exceptional charges including Rs 2,120 crore related to the statutory impact of new labour codes and it also made a provision towards a legal claim of of Rs 1,010 crore during the December quarter.
HCL Technologies fell 0.41%. The company’s consolidated net profit declined 3.75% to Rs 4,076 crore in Q3 FY26, compared with Rs 4,235 crore in Q2 FY26. However, revenue from operations increased 6.04% to Rs 33,872 crore in Q3 FY26 as against Rs 31,942 crore posted in Q2 FY26. For FY26, HCLTech expects revenue growth of 4–4.5% YoY in constant currency, services revenue growth of 4.75–5.25% YoY, and an EBIT margin of 17–18%.
Kalpataru surged 4.12% after the company’s collections jumped 17% to Rs 1,101 crore in Q3 FY26 from Rs 943 crore in Q3 FY25.
Maharashtra Scooters rallied 5.49% after the company reported a 24.84% surge in standalone net profit to Rs 4.12 crore on a 11.22% rise in total income to Rs 6.44 crore in Q3 FY26 over Q3 FY25.
Omaxe soared 16.19% after the company unveiled plans to invest Rs 500 crore in a new mixed-use development project, Omaxe Chowk, in Ludhiana.
Lotus Chocolate Company slumped 8.21% after the company’s standalone net profit tumbled 96.22% to Rs 0.14 crore in Q3 FY26 as against Rs 3.71 crore posted in Q3 FY25. Revenue from operations rose 18.90% to Rs 133.63 crore in the third quarter of FY26 from Rs 146.69 crore recorded in Q3 FY25.
GTPL Hathway shed 0.57% after the company’s consolidated net profit jumped 8.3% to Rs 11.01 crore on 5.1% rise in revenue from operations to Rs 932.62 crore in Q3 December 2025 over Q3 December 2024.
Global Markets:
European market advanced as investors keeping an eye on geopolitical developments and data.
Most Asian markets advanced on Tuesday as traders shrugged off geopolitical flashpoints in Iran and Venezuela, as well as a criminal investigation into U.S. Federal Reserve Chair Jerome Powell.
Japan’s benchmark Nikkei 225 jumped 3.13% to lead gains in the region. Japan’s ruling Liberal Democratic Party is expected to dissolve the country’s Lower House later this month and opt for a snap election likely in February, according to media reports.
Traders will also be keeping a close eye on oil prices amid ongoing protests in Iran. President Donald Trump is reportedly weighing options for intervention in Iran, according to multiple media reports.
Trump in a social media post on Monday stateside reportedly said any country doing business with Iran will face a 25% tariff “on any and all business being done with the United States of America.” That new tariff on imports from Iran’s trading partners is “effective immediately.”
Overnight in the U.S., stocks rallied off their session lows, with the S&P 500 and Dow Jones Industrial Average hitting new all-time highs.
The S&P 500 rose 0.16% to end at 6,977.27, while the Dow Jones Industrial Average ticked up 86.13 points, or 0.17%, and settled at 49,590.20. Both indexes touched fresh all-time intraday highs and closed at records. The Nasdaq Composite was up 0.26% and closed at 23,733.90.
In the cash market, the Nifty 50 index lost 57.95 points or 0.22% to 25,732.30.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.49% to 11.20.
HDFC Bank, Reliance Industries and Tata Consultancy Services were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The January 2025 F&O contracts will expire on 27 January 2026.
In the cash market, the Nifty 50 index jumped 106.95 points or 0.42% to 25,790.25.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.05% to 11.37.
HDFC Bank, Tata Consultancy Services and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.