TCS Q2 profit rises 15% YoY to Rs 13,884 crore

What happened: TCS reported Q2 profit of Rs 13,884 crore, up 15% YoY, with revenue from operations up 11% YoY to Rs 73,188 crore. Key numbers: Profit Rs 13,884 crore, up 15% YoY. Revenue Rs 73,188 crore, up 11% YoY. Constant currency revenue up 0.5% QoQ. Operating margin 24%, net margin 19%. Annualised AI revenue $3.1 billion, over 10% of revenue. Why it matters: The results come as Indian IT stocks face pressure from weak discretionary spending and AI concerns. TCS pointed to large deals, AI-led work and international demand holding up, with CEO K Krithivasan citing broad-based growth. Coverage: 6 outlets in 24h

TCS reported Q2 profit of Rs 13,884 crore, up 15% YoY, with revenue from operations up 11% YoY to Rs 73,188 crore.

The results come as Indian IT stocks face pressure from weak discretionary spending and AI concerns. TCS pointed to large deals, AI-led work and international demand holding up, with CEO K Krithivasan citing broad-based growth.