Tata Consultancy Services (TCS) reported a 4.99% year-on-year increase in net profit, reaching ₹11,909 crore for the second quarter ending September 30, 2024. Revenues saw a 7.06% rise to ₹64,988 crore.
Despite the growth in profit and revenue, margins narrowed compared to the previous year, slightly missing market expectations. The company continues to be a key player in the IT sector, maintaining its position as India’s largest IT services firm.
Key Highlights:
- Net Profit: ₹11,909 crore, below the expected ₹12,422 crore
- Revenue: ₹64,219 crore, in line with the estimated ₹64,160 crore
- Operating Margin: 24.3%, reflecting some operational pressures on profitability
- Dividend: Declared a second interim dividend of ₹10 per equity share
- Earnings Per Share (EPS): ₹32.39, down from ₹34.63 year-on-year.
Tata Consultancy Services Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
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Wed, Oct 9 2024
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₹4,260.00
|
₹4,252.95
|
-0.01%
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Tue, Oct 8 2024
|
₹4,272.60
|
₹4,253.25
|
-0.46%
|
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Mon, Oct 7 2024
|
₹4,273.90
|
₹4,272.85
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Fri, Oct 4 2024
|
₹4,225.00
|
₹4,252.25
|
|
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Thu, Oct 3 2024
|
₹4,262.60
|
₹4,232.75
|
-1.29%
|
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Tue, Oct 1 2024
|
₹4,255.55
|
₹4,287.90
|
|
|
Mon, Sep 30 2024
|
₹4,286.90
|
₹4,268.50
|
-0.93%
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Fri, Sep 27 2024
|
₹4,335.00
|
₹4,308.70
|
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