TCS Q2 Net Profit Rises 4% to Rs 13,884 Crore in FY27

The company's net profit stood at Rs 13,349 crore in the June quarter. The previous quarter's figure included an exceptional loss of Rs 668 crore related to the settlement of a legal claim.

Consolidated revenue from operations increased 1.3 per cent quarter-on-quarter to Rs 73,188 crore in the September quarter, compared with Rs 72,275 crore in the preceding quarter, according to the company's exchange filing.

TCS had a total workforce of 5,98,056 employees as of September 30. Attrition in its IT services business, measured on a last-twelve-month basis, stood at 13.3 per cent.

The company's Board also announced a second interim dividend of Rs 12 per equity share of Re 1 each for FY27. The dividend will be paid by the end of October to shareholders whose names are on the company's records as of October 14.

TCS CEO and Managing Director K. Krithivasan said the company saw broad-based growth across its international markets and most industry segments during the quarter.

He also highlighted two deals announced during the quarter with Porsche and Best Buy, describing them as a new category of transformation partnerships. According to Krithivasan, TCS is working with clients to develop repeatable value platforms aimed at enabling AI to be deployed at scale.

Ahead of the results, TCS shares ended 0.42 per cent lower at Rs 2,075.25 on the BSE on Thursday.

According to exchange data, the stock has traded between a 52-week high of Rs 3,336.70 and a 52-week low of Rs 1,976. The shares have declined around 8 per cent over the past month and are down 35.7 per cent on a year-to-date basis. Over the past year, the stock has fallen by more than 30 per cent.