TCS profit rises 15%, stock surges 5% on strong Q2 results

Tata Consultancy Services reported consolidated net profit of Rs 13,884 crore in Q2, marking a 15% year-on-year increase. The board declared a second interim dividend of Rs 12 per share. Revenue in constant currency grew 0.5% quarter-on-quarter with operating margin at 24%. AI-related annualized revenue reached $3.1 billion. The strong results drove TCS shares up 4-5% in trading, with analysts maintaining positive outlooks on the stock.