Results for TCS Q2: Net profit is Rs. 11,342 billion.

TCS Q2 earnings: A Moneycontrol poll expected TCS to report a 3.12 percent sequential growth in PAT at Rs 11,420 crore

image by moneycontrol

 

Despite a challenging business environment, Tata Consultancy Services (TCS) on October 11 declared a net profit of Rs. 11,342 crore for the third quarter of the current fiscal year, supported by a robust order book, particularly in the BFSI category.

The largest provider of IT services in India reported consolidated revenue of Rs 59,692 crore for the quarter. Order wins for TCS in Q2 totaled $11.2 billion, an increase from one quarter to the next.

For the quarter, its EBIT margin grew to 24.3% from 23.2 percent (QoQ). The IT industry leader generated $7,210 million in revenue in dollars.

Sequentially, PAT exceeded expectations, but rupee revenue growth fell short of expectations.