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TCS reports 7% fall in Q2 consolidated net profit

08 Oct 2020 Evaluate

Tata Consultancy Services (TCS) has reported results for second quarter ended September 30, 2020.

The company has reported 13.76% fall in its net profit of Rs 7,448 crore for the quarter under review as compared to net profit of Rs 8,636 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.21% at Rs 35,099 crore for Q2FY21 as compared Rs 35,025 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 7.05% fall in its net profit attributable to shareholders of Rs 7,475 crore for the quarter under review as against net profit of Rs 8,042 crore for the same quarter in the previous year. However, total income of the company marginally increased by 1.76% at Rs 41,049 crore for Q2FY21 as compared Rs 40,338 crore for the corresponding quarter previous year.

Peers
Company Name CMP
TCS 2354.45
Infosys 1111.00
HCL Technologies 1363.30
Wipro 173.70
Tech Mahindra 1648.70
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