TCS Q2FY24 Results: Consolidated PAT Up to Rs. 11,342 Cr

TCS Q2FY24 Results: Consolidated PAT Up to Rs. 11,342 Cr

TCS Limited Q2 results show revenue up from 60,778 crores to 60,698 crores, a 0.13% increase in growth. EPS rose from ₹30.26 to ₹31, up by 2.45%.

First, Let’s Begin with a Quarter-on-Quarter Basis:

TCS shared its Q2 results on Wednesday. They earned 60,698 crores in revenue this quarter, but that’s more than the 60,778 crores they made last quarter. The company’s growth increased by 0.13 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 11,342 crores, up from 11,074 crores in the previous quarter. Their quarter-to-quarter growth increased by 2.42 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹31, which is an increase of 2.45% from ₹30.26 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 60,698 crores this year (2023), which is 7.86 percent higher than last year’s total revenue of 56,274 crores.

This year’s PAT (Profit After Tax) is 11,342 crores, which is also 8.73% higher than last year’s PAT of 10,431 crores.

The EPS (Earnings Per Share) for this year is ₹31, which is 8.73% more than the EPS of ₹28.51 earned last year.

TCS Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹09 per Equity Share of a Face Value of ₹01 for each.

About TCS:

Tata Consultancy Services (TCS) is a multinational company based in Mumbai, Maharashtra, India. It specializes in providing information technology services and consulting. As a subsidiary of the Tata Group, TCS Limited has a presence in 150 locations spanning 46 countries. In July 2022, it was reported that TCS employed more than 600,000 individuals globally.

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