TCS Q2 Results: Tata Consultancy Services (TCS) reported a consolidated net profit of ₹11,909 crore for the quarter ending September 30, 2024 (Q2 FY25). This represents a 1% decline sequentially but a 5% increase year-on-year (YoY). The company’s revenue reached ₹64,259 crore, reflecting a 2.62% growth quarter-on-quarter (QoQ) and 7.65% YoY.
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Despite these figures, TCS’s profit fell short of market expectations, with Bloomberg forecasting a net profit of ₹12,543 crore and revenue of ₹64,186 crore. Additionally, TCS announced an interim dividend of ₹10, scheduled for payment on November 5, 2024, to shareholders registered by October 18, 2024.
In its earnings report, TCS indicated that revenue growth in constant currency (CC) terms was 5.5%. The company noted strong performance across various growth markets, including India (+95.2%), the Middle East and Africa (+7.9%), Asia Pacific (+7.5%), and Latin America (+6.8%).
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TCS’s operating margin was recorded at 24.1%, down 0.2% YoY, while the net margin stood at 18.5%. The company reported net cash from operations at ₹11,932 crore, equivalent to 100.2% of net income.
As of the end of the September 2024 quarter, TCS’s workforce numbered 612,724, with the company adding 5,726 employees during the quarter. TCS’s total contract value (TCV) was $8.6 billion, up 3.6% sequentially, with North America accounting for $4.2 billion, BFSI for $2.9 billion, and Consumer Business for $1.2 billion.
