Now Reading: TCS Q2 profit up 15% to Rs 13,934 crore, dividend of Rs 12 declared
-
01
TCS Q2 profit up 15% to Rs 13,934 crore, dividend of Rs 12 declared
TCS Q2 profit up 15% to Rs 13,934 crore, dividend of Rs 12 declared
Tata Consultancy Services (TCS) reported a 15% year-on-year rise in consolidated net profit for the second quarter of FY27, to Rs 13,934 crore, according to Business Today. The Economic Times put the profit at Rs 13,884 crore. The company declared a second interim dividend of Rs 12 per share for FY27, with a record date of October 14 and payment on October 30.
TCS said total contract value for the quarter was $9.6 billion, operating margin was 24%, and net cash from operations was Rs 14,190 crore. Headcount stood at 5,98,056, with attrition at 13.3%. CEO K Krithivasan cited broad-based growth in international markets and new transformation deals with Porsche and Best Buy. Shares ended at Rs 2,075.25 on October 8 but rose up to 4% on October 9, with brokerages including Goldman Sachs and Nomura maintaining their ratings.
Indian Opinion Analysis
Coverage: 3 sources, 3 neutral
Sources (3): businesstoday.in (neutral report), ndtvprofit.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
