TCS Q2 consolidated net profit rises 7% q-o-q to Rs 9,624 cr

Indian IT services major Tata Consultancy Services (TCS) on Friday reported 29% jump in consolidated net profit at Rs 9,624 crore for the quarter ending September 2021. It was Rs 7,475 crore in the year-ago period. Net profit rose 7% in sequential terms.

Revenue from operations rose 17% to Rs 46,867 crore as against Rs 40,135 crore in the year-ago period.

Shares of Tata Consultancy Services hit a new high at Rs 3,990, up 2.5 per cent on the BSE in Friday’s intra-day trade, and have now gained 5 per cent in the last two trading sessions, ahead of the July-September quarter results. The stock surpassed its previous high of Rs 3,981.55 touched on September 16, 2021.

The company’s board also approved a Rs 7 per share interim dividend for the shareholders of the company.