However, revenue from operations grew by 2.63% quarter on quarter (QoQ) to Rs 64,259 crore in second quarter of FY25. On a year on year (YoY) basis, the IT firm's net profit increased 5% and net sales grew by 7.65% in the quarter ended 30 September 2024. Constant currency revenue grew 5.5% YoY in the September 2024 quarter. Operating margin stood at 24.1% while net margin was at 18.5% in Q2 FY25. Profit before tax was at Rs 16,032 crore during the quarter, down 1.23% QoQ and up 4.58% YoY. The company said that growth was led by Energy, Resources and Utilities (up 7%), Manufacturing (up 5.3%). All the growth markets marched above company average: India (up 95.2%), Middle East & Africa (up 7.9%), Asia Pacific (up 7.5%) and Latin America (up 6.8%). TCS' workforce stood at 612,724 as on 30 September 2024. IT services' attrition was at 12.3% for the last twelve months. As on 30 September 2024, the company has applied for 8,354 patents, including 160 applied during the quarter, and has been granted 4,369 patents including 223 granted during the quarter. Meanwhile, the firm's board declared an interim dividend of Rs 10 per equity share. The record date for the same is Friday, 18 October 2024 and the payment date is Tuesday, 5 November 2024. K Krithivasan, chief executive officer and managing director, said: 'We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders.' Samir Seksaria, chief financial officer, said, 'We made strategic investments this quarter in talent and infrastructure to ensure sustainable growth. Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth.' Milind Lakkad, chief HR officer, said: 'We welcomed 11,000 associates in the first half of the year, and we remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepares us well for the complex technology transformations that customers entrust us with.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 25,048, a premium of 83.75 points compared with the Nifty's closing 24,964.25 in the cash market. In the cash market, the Nifty 50 lost 34.20 points or 0.14% to 24,964.25. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, shed 1.24% to 13.33. Tata Consultancy Services, Infosys and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

Tata Consultancy Services has fixed 18 October 2024 as record date for second interim dividend of Rs 10 per share. Powered by Capital Market - Live

Securities in F&O ban: Bandhan Bank, Birla Soft, Chambal Fertilizers, GNFC, Granules, Hindustan Copper, IDFC First Bank, Manappuram, PNB, RBL Bank, Sail, Tata Chemical. Upcoming Results: Tata Elxsi, Anand Rathi Wealth, Den Networks, Active Clothing, Dr Reddy's Laboratories, Bank of Baroda, Ugro Capital, Diksha Greens, Maruti Suzuki India, and Allied Blenders and Distillers, Reliance Industrial Infrastructure. Stocks to watch: Tata Consultancy Services (TCS)'s consolidated net profit declined 1.09% to Rs 11,909 crore in Q2 FY25 as against Rs 12,040 crore reported in Q1 FY25. However, revenue from operations grew by 2.63% quarter on quarter (QoQ) to Rs 64,259 crore in second quarter of FY25. Meanwhile, the firm's board declared an interim dividend of Rs 10 per equity share. The record date for the same is Friday, 18 October 2024 and the payment date is Tuesday, 5 November 2024. Indian Renewable Energy Development Agency (IREDA)'s standalone net profit jumped 36.14% YoY to Rs 388 crore in Q2 FY25 as compared with Rs 285 crore in Q2 FY24. Revenue increased 38.48% to Rs 1,630 crore in Q2 FY25 as compared with Rs 1,177 crore posted in same quarter last year. Meanwhile, the company has received approval from Department of Investment and Public Asset Management (DIPAM) and the Ministry of Renewable Energy to establish a retail business unit. Anand Rathi Wealth's consolidated net profit jumped 32.23% YoY to Rs 76 crore in Q2 FY25. Revenue rose 35.24% to Rs 242 crore in Q2 FY25 as compared with Rs 183 crore in Q2 FY24. Oberoi Realty has approved to raise Rs 6000 crore via share or other instruments. Mazagaon Dock Shipbuilders has received an order worth Rs 122 crore from Maharashtra State Power Generation company to supply, install and commission AI-based conditions of an order comprehensive infrasecure projects. Endurance Technologies approved Rs 300 crore capex for the alloy wheels greenfield project in Aurangabad. The plant will have a capacity of 1.8 lakh 2-wheeler alloy wheels per month. The start of production is envisaged in the second quarter of the financial year 2025-26. Exide Industries has made further investment of Rs 99 crore in its wholly owned subsidiary, Exide Energy Solutions. The total investment in EESL now stands at Rs 2,852 crore. Infosys has announced a strategic collaboration Zooplus to enhance its service capability and scalability.Powered by Capital Market - Live

However, revenue from operations grew by 2.63% quarter on quarter (QoQ) to Rs 64,259 crore in second quarter of FY25. On a year on year (YoY) basis, the IT firm's net profit increased 5% and net sales grew by 7.65% in the quarter ended 30 September 2024. Constant currency revenue grew 5.5% YoY in the September 2024 quarter. Operating margin stood at 24.1% while net margin was at 18.5% in Q2 FY25. Profit before tax was at Rs 16,032 crore during the quarter, down 1.23% QoQ and up 4.58% YoY. The company said that growth was led by Energy, Resources and Utilities (up 7%), Manufacturing (up 5.3%). All the growth markets marched above company average: India (up 95.2%), Middle East & Africa (up 7.9%), Asia Pacific (up 7.5%) and Latin America (up 6.8%). TCS' workforce stood at 612,724 as on 30 September 2024. IT services' attrition was at 12.3% for the last twelve months. As on 30 September 2024, the company has applied for 8,354 patents, including 160 applied during the quarter, and has been granted 4,369 patents including 223 granted during the quarter. Meanwhile, the firm's board declared an interim dividend of Rs 10 per equity share. The record date for the same is Friday, 18 October 2024 and the payment date is Tuesday, 5 November 2024. K Krithivasan, chief executive officer and managing director, said: 'We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders.' Samir Seksaria, chief financial officer, said, 'We made strategic investments this quarter in talent and infrastructure to ensure sustainable growth. Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth.' Milind Lakkad, chief HR officer, said: 'We welcomed 11,000 associates in the first half of the year, and we remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepares us well for the complex technology transformations that customers entrust us with.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. Shares of Tata Consultancy Services (TCS) ended 0.56% lower at Rs 4,228.40 on the BSE.Powered by Capital Market - Live

Net profit of Tata Consultancy Services rose 5.00% to Rs 11909.00 crore in the quarter ended September 2024 as against Rs 11342.00 crore during the previous quarter ended September 2023. Sales rose 7.65% to Rs 64259.00 crore in the quarter ended September 2024 as against Rs 59692.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales64259.0059692.00 8 OPM %26.0426.38 - PBDT17298.0016593.00 4 PBT16032.0015330.00 5 NP11909.0011342.00 5 Powered by Capital Market - Live

Tata Consultancy Services announced that the Board of Directors of the Company at its meeting held on 10 October 2024, has recommended a Second Interim dividend of Rs.10 per share (i.e.1000%), subject to the approval of the shareholders.Powered by Capital Market - Live

Following the news of Tata's demise, investors have responded positively to the Tata Group's shares. The stocks have seen a steady rise, reflecting the market's confidence in the group's future and its continued adherence to the principles and values set forth by Ratan Tata. Tata Investment Corporation (+10.59%), TRF (+10%), Tata Teleservices (Maharashtra) (+5.87%), Tata Chemicals (+5.37%), NELCO (+3.15%), Rallis India (+3.19%), Tata Power Co. (+3.40%), Tata Elxsi (+3.98%), Tata Technologies (+2.97%), Tejas Networks (+2.65%), Indian Hotels Co. (+2.59%), Oriental Hotels (+1.33%), Taj GVK Hotels & Resorts (+1.36%), Tata Communications (+1.41%), Automotive Stampings & Assemblies (+1.23%), Tata Steel (+1.04%), Voltas (+0.97%), Tata Consumer Products (+0.80%), Titan Company (+0.88%), Tata Consultancy Services (+0.67%) and Tata Motors (+0.26%) surged. However, Trent was down 1.07% today on profit selling after a sharp 11.67% increase in the past three sessions. Ratan Tata, who led the Tata Group for over two decades, is widely credited with transforming the conglomerate into a global industrial powerhouse. His strategic acquisitions, innovative initiatives, and commitment to corporate social responsibility earned him immense respect and admiration. Powered by Capital Market - Live

Tata Consultancy Services will hold a meeting of the Board of Directors of the Company on 10 October 2024.Powered by Capital Market - Live

With this new centre, TCS expects to double its workforce to 1200-plus in a year to support its further growth in Poland. It forms a part of TCS' European delivery network, which facilitates the delivery of hyper-connected services to its customers across Europe. This ensures that all TCS customers globally benefit from consistent, nearshore experiences tailored to their unique cultural, compliance, language, and technological requirements. Sapthagiri Chapalapalli, Head of Europe, TCS, said, 'Poland is a strategic location for TCS, and we are proud of our long-standing commitment to the region. For nearly twenty years, TCS has been establishing solid partnerships with prominent Polish and global companies. Our decision to invest and scale our presence demonstrates our faith in the Polish economy and the exceptional talent available here to support our customers across the world.' TCS set up operations in Poland in 2006 and its presence in the region has continued to strengthen since then. The company's Polish expansion is indicative of its wider unparalleled commitment to the European market, where TCS has had a presence for more than 45 years. TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The IT major's consolidated net profit declined 3.17% to Rs 12,040 crore in Q1 FY25 as against Rs 12,434 crore reported in Q4 FY24. However, revenue from operations grew by 2.25% quarter on quarter (QoQ) to Rs 62,613 crore in Q1 FY25. Shares of TCS shed 0.42% to currently trade at Rs 4,278.90 on the BSE. Powered by Capital Market - Live