TCS reported its earnings for the September quarter after market close on Thursday.

What Happened: The Tata Group company's net profit for the July-September quarter came in at ₹11,909 crore, up around 5% from the ₹11,342 crore profit posted in the corresponding quarter of last year.

The IT services company's revenue for the quarter under review stood at ₹64,259 crore, up 7.5% from the ₹59,692 crore posted in the same quarter last year. While the topline managed to come in line with street estimates ₹64,176 crore, net profit missed analyst estimates of around ₹12,572 crore in profit.

The company declared a second interim dividend of ₹10. The second interim dividend shall be paid on Tuesday, November 5, 2024. The record date for the purpose of dividend payment is Friday, October 18, 2024.

"We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery,” said CEO K Krithivasan.

Price Action: TCS's share price was down 0.6% to close at ₹4,227.40 on Thursday.

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