The quarterly results of Tata Consultancy Services, the largest company of Ratan Tata’s Tata Group, have come. The company saw a 5 per cent increase in profit compared to the same period last year. Earlier, news came that Tata Consultancy Services (TCS) has cancelled the press conference to announce its second quarter financial report. This press conference was to be held at 5:30 p.m. on Thursday. Officials said that according to the original schedule, the board of directors of TCS will inform the stock markets about its financial results for the second quarter (July-September) after the meeting.
The interaction with analysts at 7 p.m. will also be held as per the scheduled program. These changes have been made after Ratan Tata’s death. Former Tata Group chairman Ratan Tata breathed his last in a Mumbai hospital on Wednesday night. He was 86 years old. His last rites were performed on Thursday at 4 p.m. in Worli, Central Mumbai. Let us also tell you how TCS’s quarterly results have been…
5 Percent Increase In Profit
The country’s largest IT service provider, TCS, has increased its net profit for the July-September quarter by 4.99 per cent year-on-year to Rs 11,909 crore. Tata Group company Tata Consultancy Services (TCS) informed the stock markets on Thursday about the financial results of the second quarter of the current financial year. TCS had recorded a net profit of Rs 11,342 crore in the same quarter a year ago. However, the company’s net profit has decreased compared to the April-June 2024 quarter. TCS’s net profit in the June quarter was Rs 12,040 crore.
7 Percent Increase In Revenue
The giant IT company’s revenue grew 7.06 percent to Rs 64,988 crore in the second quarter of the current financial year ending in September from Rs 60,698 crore in the same quarter a year ago. In the June quarter, the company earned a revenue of Rs 63,575 crore. TCS’s pre-tax profit was Rs 16,032 crore, while in the same quarter last year, it was Rs 15,330 crore. TCS shares fell 0.56 percent to close at Rs 4,228.40 on BSE.
Slight Decline In Company’s Stock
On Thursday, shares of Tata Group’s largest company, TCS, saw a slight decline. The company’s stock closed at Rs 4228.40 on BSE, with a decline of Rs 23.90. However, the company’s stock also reached the level of Rs 4,200. In the morning session, the company’s stock was seeing a rise. TCS shares reached the day’s high with a rise of Rs 4293.30. Currently, it is the second-largest company in the country in terms of market cap. The market cap of the company has reached Rs 15,29,872.13 crore.
