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

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

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2 min read | Updated on October 11, 2024, 09:56 IST

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SUMMARY

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%.

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TCS also declared a second interim dividend of ₹10 per share of ₹1 each.

TCS share price: Shares of information technology (IT) major Tata Consultancy Services were trading in the negative territory on Friday after the company announced its financial results for the second quarter of fiscal 2025.

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%.

TCS' overall employee base surged by 5,726 to 6,12,724 staffers. In the first half of the FY25, the company added over 11,000 employees.

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.

About The Author

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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