TCS Q2 Profit Rises 15% to ₹13,884 Crore, Beats Estimates

Tata Consultancy Services beat market estimates in the second quarter. Net profit rose 14.9 per cent to Rs 13,884 crore. Revenue reached Rs 73,188 crore. The company declared a second interim dividend of Rs 12 per share.
Its annualised AI revenue run-rate rose 19 per cent to $3.1 billion. AI now accounts for about 10 per cent of total revenue, analysts said.
Growth was soft in some areas. International revenue grew 1.2 per cent quarter-on-quarter in constant currency. But it was the weakest September-quarter revenue growth in three years.
EBIT margins stayed flat at 24 per cent. Analysts said investments in partnerships and talent weighed on margins.
TCS said the US green-card suspension would not hurt its workforce strategy. The company will focus on local hiring and campus recruitment.
Most brokerages kept a cautious view. They cited weak deal wins and tepid demand for IT services.
Brokerages gave mixed calls on the stock. Goldman Sachs kept a Buy with a target of Rs 2,210. Citi cut its target to Rs 1,840 with a Sell. Nomura stayed Buy at Rs 2,630. Jefferies stayed Underperform at Rs 1,800. Most flagged weak deal wins and margin pressure.
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