TCS's profit fell by 5 percent in the second quarter to Rs 12.131 crore.

Mumbai, October 9 (IANS). Tata Consultancy Services (TCS) said on Thursday that the profit of the company dropped 5 percent in the second quarter of FY26, from Rs 12,819 in the previous quarter to Rs 12,131 crore. However, the company had an increase in its profits on an annual basis, which was Rs 11.955 crore in the same quarter of the past financial year. The company said in a scholarship submission that revenue from operations in the July-Sept quarter was Rs 65,799 crore, which is 3.7 percent more than revenue from the operations of Rs 63,437 crore in the previous quarter (April-Junie). The total expenses of the company increased quarterly by Rs 1.345 crore to Rs 49,463 crore in the July-September period. There was an increase of Rs 507 crore on an annual basis and it was Rs 48.956 crore in the second quarter of FY 25. Together with the results of the September Qwal, the company declared a dividend of Rs 11 per share. The record date of the dividend is October 15 and it will be paid on November 4. CEO and managing director K. Krithivasan said: “I want to thank all our employees for their dedication and excellence. We are on our way to become the world’s largest AI-based technology services business.” Kritivasan said: “Our journey is based on daring transformation on talent, infrastructure, ecosystem partnerships and customer value. The investments, including building a world-class AI infrastructure business, reflects our commitment to this transformation.” The Tata Group Company has announced a strategic investment in a new business unit to build world-class AI infrastructure, including a 1 gigawatt capacity ai datacenre in India. The TCS council also approved the acquisition of Listengage with deep abilities in Salesforce. -—IANS ABS/ Share This Story Tags