Business
TCS Q2 Net Profit Falls 5% Sequentially To Rs 12,131 Crore
New Delhi: Tata Consultancy Services (TCS) on Thursday reported the net profit for the second quarter of the current financial year at Rs 12,131 crore, down over 5 per cent sequentially from Rs 12,819 crore in the previous quarter. However, India’s biggest IT service provider’s net profit jumped marginally by over a per cent year-on-year (YoY) from Rs 11,955 crore in the same quarter a year ago (Q2 FY25).
The revenue from operations for the July-September quarter stood at Rs 65,799 crore, up Rs 2362 crore or 3.7 per cent from Rs 63,437 crore in the April-June quarter. According to an exchange filing, the operational revenue jumped Rs 1,540 crore on a YoY basis from Rs 64,259 crore in the July-September quarter a year ago.
Meanwhile, the company’s total expenses in Q2 increased by Rs 1,345 crore sequentially and by Rs 507 crore YoY to Rs 49,463 crore from Rs 48,118 crore in Q1 FY26 and Rs 48,956 crore in Q2 FY25, respectively. The IT major has announced a dividend of Rs 11 per share. The record date for the dividend will be October 15, and the payment for the same will be made on November 4. TCS had declared an interim dividend of Rs 11 per share in its previous quarterly results as well.
K Krithivasan, Chief Executive Officer and Managing Director, said, “I would like to thank all our employees for their dedication and excellence. We are on a journey to become the world’s largest AI-led technology services company.”
“Our journey is anchored in bold transformation across talent, infrastructure, ecosystem partnerships and customer value. The investments, including the building of a world-class AI infrastructure business, demonstrate our commitment to this transformation,” said Krithivasan.
Further, the Tata Group firm announced strategic investments in a new business entity to build world-class AI infrastructure, including a 1 GW capacity AI datacenter in India, as per the filing. The TCS board has also approved the acquisition of ListEngage with deep capabilities in Salesforce.
Earlier, the IT bellwether registered around 6 per cent growth in net profit (year-on-year) at Rs 12,760 crore in the first quarter of FY26. The company saw revenue from operations growing 1.3 per cent (on-year) to Rs 63,437 crore for the April-June quarter.
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Gadkari urges shift to 100% ethanol blending, flags energy security and import risks – The Times of India
India should aim for 100 per cent ethanol blending in the near future to strengthen energy self-reliance, road transport and highways minister Nitin Gadkari said on Tuesday. He said that vulnerabilities in oil supplies due to the ongoing crisis in West Asia have made it essential for the country to reduce dependence on imports.Speaking at the Indian Federation of Green Energy’s Green Transport Conclave, Gadkari said, “In the near future, India should aspire to achieve 100 per cent ethanol blending… Today, we are facing an energy crisis due to the war in West Asia, so it is necessary for us to become self-reliant in the energy sector,” as quoted by PTI.India currently allows vehicles to run on E20 petrol, which contains 20 per cent ethanol, with minor engine modifications to avoid corrosion and related issues. In 2023, PM Modi launched petrol blended with 20 per cent ethanol. Countries such as Brazil have already achieved 100 per cent ethanol blending.Gadkari noted that India imports 87 per cent of its oil requirements, adding, “We import fossil fuels worth Rs 22 lakh crore, which is also causing pollution… so we need to work on increasing production of alternative fuel and bio-fuel.”On future energy solutions, he stressed the importance of green hydrogen but pointed out challenges in cost and transport. “Transport of hydrogen fuel is a problem. Also, we need to produce 1 kg of hydrogen at $1 dollar, to make India an exporter of energy,” he said, adding that hydrogen production from waste should be explored.The minister also emphasised the role of a circular economy in generating employment opportunities. While calling for reduced reliance on petrol and diesel vehicles, he clarified, “But we can not force people to stop buying petrol and diesel vehicles.”Addressing concerns about E20 fuel, Gadkari said the petroleum sector is lobbying against the move. He also urged automobile manufacturers to prioritise quality over cost to expand into new markets.Last year, Gadkari dismissed criticism against E20 (ethanol-blended petrol), saying a “paid” social media campaign is being run to “target me politically.” He said Society of Indian Automobile Manufacturers and Automotive Research Association of India have shared their findings on ethanol blending in petrol. He added that India’s ethanol programme has benefited farmers, noting that ethanol made from maize has helped them get better prices and led to gains of Rs 45,000 crore.
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