New Delhi: The Q2 result of Tata Consultancy Services (TCS), the largest company of the business house that Ratan Tata helped to grow, threw up positive results as the salt-to-airline conglomerate mourned the death of its chairman emeritus. TCS’ Q2 profit rose 5 per cent year-on-year. TCS had reportedly cancelled its conference call earlier. However, the officials held the briefing post-result declaration as per the schedule.
Rata Tata died at the age of 86 after he was admitted to Mumbai’s Breach Candy Hospital owing to a diagnosis for health-related ailments. He was given a Parsi sendoff with state honours on Thursday.
TCS’ profit surges 5%
TCS’ Q2 net profit for the July-September quarter rose 4.99 per cent year-on-year to Rs 11,909 crore, compared to Rs 11,342 crore during the same period a year ago, according to an exchange filing after market closing. To be sure, TCS’ new profit moderated on a quarterly basis. The IT behemoth reported an April-June net profit of Rs 12,040 crore.
TCS Q2 revenue rise 7%
The IT giant’s revenue rose 7.06 per cent to Rs 64,988 crore in Q2FY25 compared to Rs 60,698 crore in the year-ago period and compared to Rs 63,575 crore in the June quarter.
TCS share price history
TCS’s shares closed 0.56 per cent lower at Rs 4,228.40 apiece on Thursday. The company’s share price was down 0.60 per cent in the past 5 days. It was down 6.21 per cent in the past month. However, in the past 6 months, TCS’ share price jumped 6.21 per cent. In the past year, TCS’ share price surged 16.51 per cent.
Currently, TCS is the second largest company in the country in terms of market cap. The company’s market cap has reached Rs 15,29,872.13 crore. TCS’ shares closed at Rs 4,252.30 apiece on October 9, 2024. On October 10, 2024, TCS’ share price opened at Rs 4,228.05 apiece, before touching a high of Rs 4,293.30 apiece and a low of Rs 4,200 apiece.
The revenue of IT giant TCS rose 7.06 per cent to Rs 64,988 crore in Q2 FY25, from Rs 60,698 crore in the same quarter a year ago. In the June quarter, the company had earned a revenue of Rs 63,575 crore. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
