TCS Reports Steady Profit Climb Amid Revenue Boost

Tata Consultancy Services (TCS), the country's largest IT firm, posted a 4.99% rise in net profit for the September quarter, reaching Rs 11,909 crore. The company's revenues grew by 7.06% year-on-year. Despite profit gains, TCS stocks dipped slightly on the BSE, contrasting the overall market uptick.

Tata Consultancy Services (TCS), India's largest IT services provider, announced a 4.99% increase in net profit for the September quarter, totaling Rs 11,909 crore.

This marks a rise from Rs 11,342 crore in the corresponding period last year and a slight dip from the Rs 12,040 crore recorded in the previous quarter.

The firm's revenues surged by 7.06% to Rs 64,988 crore compared to the year-ago period, with profit before tax recorded at Rs 16,032 crore. Despite these gains, TCS shares fell 0.56% on the BSE, amidst a broader market rise.