TCS shares trade in red as net profit falls 1% QoQ, dividend announced; check details

The stock opened 1.9% lower at ₹4,143 apiece on the National Stock Exchange (NSE). However, it pared some losses and was down 0.6% at 9:54 am.

The company's market capitalisation stands at ₹15,18,999.77 crore.

TCS Q2 results out, dividend announced

TCS reported a 4.9% increase in its consolidated net profit to ₹11,909 crore in the latest July-September quarter of the financial year 2024-25 as compared to ₹11,342 crore a year back. Sequentially, the net profit declined 1%.

The company's revenue rose 7.6% year-on-year (YoY) to ₹64,988 crore in the quarter under review. As compared to Q1 FY25, revenue rose 2.6%.

In a statement, K Krithivasan, Chief Executive and Managing Director of TCS said, "We saw the cautious trends of the last few quarters continue to play out in this quarter as well."

The company's Board also declared a second interim dividend of ₹10 per share of ₹1 each.