Tata Consultancy Services Q2 Results Live : Tata Consultancy Services (TCS) declared its Q2 results on October 10, 2024, reporting a topline growth of 7.65% year-over-year. The profit for the quarter also saw an increase of 5% compared to the same period last year.
In comparison to the previous quarter, the company experienced a revenue growth of 2.63%, although profit saw a slight decline of 1.09%. This indicates a resilient performance amidst fluctuating quarterly results.
The company’s selling, general, and administrative expenses decreased by 0.71% quarter-over-quarter and 1.25% year-over-year, demonstrating effective cost management strategies.
Operating income showed a modest increase of 0.14% from the previous quarter, but a substantial rise of 6.81% year-over-year, showcasing TCS’s operational efficiency.
The earnings per share (EPS) for Q2 stood at ₹32.89, marking an increase of 6.11% compared to the same quarter last year, reflecting the company’s ability to enhance shareholder value.
In terms of market performance, TCS recorded a return of -0.13% in the last week, while the last six months saw a return of 6.09%. Year-to-date, the stock has performed well with a return of 11.96%.
Currently, TCS holds a market capitalization of ₹1,529,510 crore, with a 52-week high of ₹4,592.25 and a low of ₹3,295.73, indicating a stable market position.
As of October 11, 2024, out of 41 analysts covering the company, the ratings are mixed with 2 analysts giving a Strong Sell, 3 a Sell, 10 a Hold, 21 a Buy, and 5 a Strong Buy. The consensus recommendation is to Buy, reflecting overall positive sentiment towards TCS’s future prospects.
Tata Consultancy Services Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 64259 | 62613 | +2.63% | 59692 | +7.65% |
| Selling/ General/ Admin Expenses Total | 42941 | 43248 | -0.71% | 43484 | -1.25% |
| Depreciation/ Amortization | 1266 | 1220 | +3.77% | 1263 | +0.24% |
| Total Operating Expense | 48789 | 47164 | +3.45% | 45209 | +7.92% |
| Operating Income | 15470 | 15449 | +0.14% | 14483 | +6.81% |
| Net Income Before Taxes | 16032 | 16231 | -1.23% | 15330 | +4.58% |
| Net Income | 11909 | 12040 | -1.09% | 11342 | +5% |
| Diluted Normalized EPS | 32.89 | 33.26 | -1.1% | 31 | +6.11% |
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