TCS Posts 5% Net Profit Growth, Announces Dividend

TCS (Tata Consultancy Services) recently released its quarterly results. The company reported a profit of Rs. 11,909 crore on Thursday, which was a 5% increase in consolidated profit on a YoY basis. Additionally, the revenue also moved upwards. The company provided positive figures. However, after the legendary Ratan Tata’s passing, the company declined to hold a conference. Despite the challenges and final rites of Ratan Tata, the company decided to release the quarterly results. TCS also announced a dividend for all shareholders, which is good news.

Did TCS Beat Expectations In Q2 2024-25 Quarterly Results?

TCS released the quarterly with unexpected numbers. In Q2 FY 2024-25, the company recorded a net profit increase of 5% to Rs. 11,909 crores. It was only Rs. 11,342 crores the previous year but it made a YoY increase. However, it was still unable to meet the market’s expectations. The market experts predicted a quarterly revenue of Rs. 12,450 crores. On the other hand, the revenue from operations also increased YoY. The company successfully made a revenue from operations of Rs. 64,259 crores.

Tata Consultancy Services has a share price of Rs. 4,227.40 per share. The company’s share fell by 0.60% today. It has been following a downward trend since 18 September 2024. Afterward, the share value fluctuates but does not have much difference. However, it is still not at its all-time in a year. Thus, the analyst predicts the best opportunity to buy TCS shares now. The company has successfully approved its second interim dividend for Rs. 10 per share. It will be released on 5th November 2024.

CEO and MD of TCS, K Krithivasan shares the company’s upcoming plans. He mentions that the company will be focusing on providing more value to the clients, employees, and stakeholders. If we talk in terms of CC (Constant Currency), the company’s quarterly revenue grew by 5.5% YoY. While the operating margin fell by 0.2% to 24.1%. TCS reveals its strategic investment for the period. It shares how the company focused more investments on infrastructure and talent. Both can bring long-term results to the company.

TCS actively looks to hire fresh talent. Thus, they also initiated the campus hiring for the upcoming financial year FY 26. The company will keep delivering the value to its employees and clients. It has improved its each aspect. The high employee satisfaction shows it. The company’s move to invest in infrastructure will make it ready to explore future opportunities at the right time. While the individuals who become a part of the company impact the company’s growth.