TCS quarter net profit increases by 4.99%
The Hindu
TCS reports 4.99% increase in net profit to ₹11,909 crore for September quarter, with revenues rising 7.06%.
Country's largest IT services firm TCS on Thursday (October 10, 2024) reported a 4.99% increase in its September quarter net profit at ₹11,909 crore.
The Tata Group company had reported a net profit of ₹11,342 crore in the year-ago period, while in the preceding quarter, it had a post tax net of ₹12,040 crore, a company filing said.
Tata Consultancy Services' revenues rose 7.06% to ₹64,988 crore from ₹60,698 crore in the year-ago period, and were marginally higher compared to Rs 63,575 crore in the preceding quarter.
Also read:TCS Q1 results: Net profit grows 8.7% to ₹12,040 crore
Its profit before tax came at ₹16,032 crore, as against ₹15,330 crore in the year-ago period.
The TCS scrip closed 0.56% down at ₹4,228.40 a piece on the BSE on Thursday (October 10, 2024), as against gains of 0.18% on the benchmark.
SpiceJet partners with StandardAero to restore grounded Boeing 737 MAX fleet, aiming to return 3 planes by April 2025.
GST Council to discuss reducing tax rates on insurance, hiking on luxury items, considering 35% tax on sin goods.
National Technical Textiles Mission (NTTM) Director reports 6.2% growth in exports of special technical textile products, emphasizing domestic production.
Reliance Industries and PDVSA resume oil swap amid U.S. sanctions, potential shift in oil flows predicted.
Green Humour by Rohan Chakravarty on Coca Cola going back on their plastic recycling goals
Equity indices Sensex and Nifty drop amid foreign fund outflows and Fed rate cut concerns, impacting market trends.
Kia India introduces the Syros compact SUV, targeting a premium audience with advanced features and safety technology.
Indian stock market plunges as Sensex and Nifty tumble amid global sell-off and foreign fund outflows, hitting record lows.
Air India orders 34 trainer aircraft for new flying training school in Amravati, set to open in 2025.
Indian rupee hits record low of 85.08 against USD as Fed signals cautious monetary policy, impacting emerging market currencies.
SpiceJet settles $16 million dispute with Genesis, paying $6 million and offering $4 million stake in airline.