TCS shares jump 4% after Q2 results. What are Goldman Sachs, Nomura, others saying?
Shares of information technology major Tata Consultancy Services (TCS) rallied as much as 4% to their day’s high of Rs 2,163 on the BSE on Friday after reporting 15% year-on-year (YoY) growth in its consolidated net profit at Rs 13,884 crore for the second quarter. The same stood at Rs 12,075 crore a year ago. The Board has declared a second interim dividend of Rs 12 per share for the financial year 2026-27.
In constant currency terms, revenue rose 0.5% quarter-on-quarter. Operating margin came in at 24%, while net margin stood at 19%.
