Tata Consultancy Services (TCS) reported a 1.1% quarter-on-quarter decline in net profit for the second quarter ended September, totaling Rs 11,909 crore, which was below market expectations. However, the company’s revenue from operations increased to Rs 64,259 crore during Q2 FY24, according to their stock exchange filing.
Additionally, TCS declared a second interim dividend of Rs 10 per share, with the record date for eligibility set for October 18, 2024. This follows an earlier interim dividend of Rs 10 paid on July 19, 2024.