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July to September 2024 · consolidated

Tata Consultancy Services Ltd. Q2 FY25 results

TCS · Information Technology

Open the terminal
✓Clean on 7 checks7 of 19 checks ran · from the quarterly statements; filing read not yet in
Revenue₹64,259 cr▲ 7.7%on the year▲ 2.6%on the quarter
EBITDA₹16,731 cr▲ 6.3%on the yearmargin 26.0% (−34 bps)
Net profit₹11,955 cr▲ 5.1%on the year▼ 1.2%on the quarter
EPS₹32.92▲ 6.2%on the year

What changed

  1. Revenue ₹64,259 cr, +7.7% on the year; EBITDA margin 26.0%, −34 bps.
  2. Profit growth was earned in the business: reported +5.1%, core +6.8%.
  3. Every check that could run (7 of 19) came back quiet.

Questions to ask: none this quartereach one with its numbers and source

No check fired. That is a statement about the checks below, not a verdict on the company.

Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).

Where the profit change came fromSep '23 → Sep '24

₹11,380 crSep'23+₹985 crBusiness(EBITDA)−₹3.0 crDepreciation−₹3.0 crFinancecost−₹277 crOtherincome−₹22.2 crTax−₹105 crOtherlines₹11,955 crSep'24Scale starts at ₹10,789 cr, not zero, so the changes are visible

Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.

The half year: balance sheet and cashfiled with Q2

This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.

Every quartersame rules, every quarter

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue₹60,583 cr₹61,237 cr₹62,613 cr₹64,259 cr₹63,973 cr₹64,479 cr₹63,437 cr₹65,799 cr₹67,087 cr₹70,698 cr₹72,275 cr₹73,188 cr
YoY———+8%+6%+5%+1%+2%+5%+10%+14%+11%
EBITDA margin27.1%28.0%26.6%26.0%26.6%26.3%26.6%27.3%27.2%27.3%25.7%25.7%
Other income, % of PBT−1%7%6%5%7%6%10%−2%−16%4%5%7%
Exceptional items————————————
Tax rate25%26%25%25%25%25%24%24%24%25%25%25%
Net profit₹11,097 cr₹12,502 cr₹12,105 cr₹11,955 cr₹12,444 cr₹12,293 cr₹12,819 cr₹12,131 cr₹10,720 cr₹13,784 cr₹13,420 cr₹13,934 cr
YoY———+5%+12%−2%+6%+1%−14%+12%+5%+15%
Core profit YoY———+7%+3%−2%+0%+7%+6%+15%+11%+6%
EPS₹30.56₹34.37₹33.28₹32.92₹34.22₹33.79₹35.27₹33.37₹29.45₹37.92₹36.90₹38.37
Flags···✓✓✓✓✓✓✓✓1

Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.

Alerts for Tata Consultancy Services Ltd.Only when its results land or a check fires. No more than three a day; a digest for the rest. One click to stop.

Questions people ask

What were Tata Consultancy Services Ltd. Q2 FY25 results?

Tata Consultancy Services Ltd. reported revenue of ₹64,259 cr (+7.7% on the year) and net profit of ₹11,955 cr (+5.1% on the year) for July to September 2024.

Was Tata Consultancy Services Ltd. profit growth driven by the core business?

Profit before other income, exceptional items and tax moved +6.8% on the year, against +5.1% for reported profit.

Are there any red flags in Tata Consultancy Services Ltd. Q2 FY25 results?

None of the 7 checks that could run raised a question.

Is this a recommendation?

No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.

Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.

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