TCS has declared its Q2 financial results.
TCS has also declared its interim dividend of Rs 9 per share; the board also approves a proposal to buyback up to Rs 4,09,63,855 equity shares of the company for an aggregate amount not exceeding Rs 17,000 crore
Tata Consultancy Services (TCS), India’s largest IT services company, on Wednesday kick-started India’s Q2FY24 earnings season. The company posted a 8.73 per cent growth in its net profit to Rs 11,342 crore for the September 2023 quarter. Its revenue during July-September 2023 rose 7.92 per cent to Rs 59,692 crore, compared with Rs 55,309 crore a year ago.
TCS had posted a net profit of Rs 10,431 crore in the corresponding period last year (Q2 FY22).
The company has also declared its interim dividend of Rs 9 per share.
The board of directors also approved a proposal to buyback up to Rs 4,09,63,855 equity shares of the company for an aggregate amount not exceeding Rs 17,000 crore being 1.12 per cent of the total paid-up equity share capital at Rs 4,150 per equity share, subject to approval from shareholders, according to the BSE filing.
