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8h ago

TCS Q2: Revenue Up as One-Off Hits Profit, Rs 11 Dividend and AI Data Centre Unit Announced

A rare omission of workforce metrics later filled in by a fact sheet is intensifying scrutiny of restructuring-related exits.

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TCS Q2 Results

Overview

  • Consolidated revenue rose 3.7% quarter-on-quarter to Rs 65,799 crore, while net profit fell 5.4% sequentially to Rs 12,075 crore as margins expanded to 25.2%.
  • TCS booked a one-time restructuring charge of Rs 1,135 crore; excluding this item, underlying net income was Rs 12,904 crore.
  • The board declared a second interim dividend of Rs 11 per share with an October 15 record date and a November 4 payout.
  • Deal momentum stayed firm with $10 billion in TCV, the company formed a new AI business entity to build a 1 GW data centre, and it agreed to acquire Salesforce partner ListEngage.
  • After initially omitting workforce data, TCS reported attrition at 13.3% and headcount down to 593,314, with the company citing roughly 1% exits tied to restructuring and unions alleging far higher numbers.