TCS Q2 net profit jumps around 9% to Rs 11,342 cr; announces share buyback worth Rs 17,000 cr

IT services major Tata Consultancy Services Ltd reported an 8.7 per cent jump to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s net profit jumped 2.4 per cent on a Quarter-on-Quarter (QoQ) basis.
The company also announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11.
Register to continue reading this story
Google
Facebook
Email
Already have an account? Sign in