TCS Q2FY25 Results Takeaways: PAT, revenue, attrition rate, margin, and interim dividend announced in Tata group IT firm's July-September results
TCS Q2FY25 Results Takeaways: The IT company's consolidated profit after tax (PAT) in the second quarter jumped 5 per cent to Rs 11,909 crore from Rs 11,342 crore Year-on-Year (YoY).
TCS Q2FY25 Results Takeaways, Tata Consultancy Services July-September quarter results: IT giant Tata Consultancy Services (TCS) announced its second-quarter (July-September quarter, Q2FY25) results today (Thursday, October 10, 2024), where its revenue from operations jumped by over 7.60 per cent, while its profit after tax (PAT) saw a rise of 5 per cent. While TCS' attrition rate worsened by 20 bps compared to the previous quarter (FY25Q1), its margin also saw a slight decline Year-on-Year (YoY). On the other hand, the IT giant saw a rise in the growth of its major markets. The IT firm also announced an interim dividend. Zee Business takes you through the key takeaways of TCS' second-quarter results.
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Revenue from operations
The company's consolidated revenue from operation in the second quarter saw a jump of 7.65 per cent to Rs 64,259 crore from Rs 59,692 YoY.
Profit After Tax (PAT)
The company's consolidated profit after tax (PAT) in the second quarter jumped 5 per cent to Rs 11,909 crore from Rs 11,342 crore in the same quarter last fiscal.
Growth by domain
The company got the most deals from the BFSI sector at 30.8 per cent in Q2FY25. However, the deals from the BFSI sector saw a decline of 0.1 per cent from 32.6 per cent in the same quarter last year.
Attrition Rate
The attrition rate worsened to 12.3 per cent in the quarter under review from 12.1 per cent in the previous quarter.
Market growth
All its growth markets marched above the company's average for the second quarter of the current fiscal. The major growth markets were- India (+95.2%), Middle East & Africa (+7.9%), Asia Pacific (+7.5%), Latin America (+6.8%).
Interim dividend
The IT giant announced an interim dividend of Rs 15 per equity share of the face value of Rs 1 each.
The company said that the interim dividend will be paid on November 5, for which the record date is October 18, 2024.
Margin
The operating margin saw a decline of 0.2 per cent to 24.1 per cent YoY. It was 24.7 per cent in the June quarter.
EBIT
EBIT was slightly up to Rs 15,465 crore in the July-September quarter from Rs 15,442 crore qoq.
TCS Share Price
The stock of the IT firm ended the trading session on BSE today (Thursday, October 10, 2024) lower by 0.56 per cent, or Rs 23.90, at Rs 4,228.40.