TCS Q2 Profit Jumps to Rs 9,624 Cr: Declares Second Interim Dividend of Rs 7

India's largest IT firm, Tata Consultancy Services, declared a consolidated profit of Rs 9,624 crore for the quarter ended September 2021, up from Rs 9,008 crore in the previous quarter.

The company's consolidated revenue increased to Rs 46,867 crore in the July-September period, up from Rs 45,411 crore the previous quarter, thanks to a ramp-up in order books, a rebound in the India sector, and an increase in corporate digital spending.

"We would like to inform you that at the Board Meeting held today, the Directors have declared a second interim dividend of ₹ 7 per Equity Share of ₹1 each of the Company," the company said in the press release.

"The robust and sustained demand climate is a once-in-a-decade opportunity for us to position ourselves as our customers' chosen growth and transformation partner," said Rajesh Gopinathan, CEO and Managing Director.

On Friday, TCS closed at 3,935 on the NSE, up about 1.1 percent. In intraday trade, the stock touched a new 52-week and all-time high of 3,989.9 ahead of the results.

With a gain of almost 33% since the start of 2021, the IT blue-chip stock has provided spectacular rewards to investors.

Over a three-year period, the stock returned 87.38 percent, while the Nifty IT delivered investors a 124.97 percent return. Stock returned 87.38 percent over three years, compared to 70.37 percent for the Nifty 100.