In Q2 2023, Tata Consultancy Services’ net profit rose 8.7% and revenue from operations rose 7.9%. Operating margins rose 25 basis points and profit 9.1%.
The nation’s largest software business, Tata Consultancy Services (TCS), announced an 8.7% increase in September 2023 net profit to Rs 11,342 crore on Wednesday.
Tata Group flagship earned Rs 10,431 crore last fiscal. The company reported 9.1% operational profit growth to Rs 14,483 crore and 25 basis point operating margin growth to 24.3%.
BSNL handed a Tata Consultancy Services Limited consortium an advance purchase order for over Rs 15,000 crore to establish a 4G network in India. Jio and Bharti Airtel strengthened their 5G networks nationwide.
Conclusion
TCS’ net profit grew 8.7% to Rs 11,342 crore in September 2023. Operating margins rose 25 bps to 24.3%. The same quarter, BSNL awarded an advance purchase order to a TCS-led consortium to build a 4G network across India, while Reliance Jio and Bharti Airtel expanded their 5G infrastructure.
