The board of directors have declared an interim dividend of Rs 11 per share for the year ending March 31, 2020
The net profit remains flat on a sequential basis as Avenue Supermart reported a net profit of Rs 323.06 cr in the June quarter.
Sakshi Batra does a 3-Point Analysis of the earnings fineprint and shares an outlook on the stock.
The management also revised its full-year constant currency revenue growth guidance to 9-10 percent from 8.5-10 percent earlier.
TCS' Q2 result was behind analyst forecasts as growth was impacted by increased volatility in financial services and retail verticals.
The net interest income, the difference between interest earned and interest expended, grew by 2.3 percent quarter-on-quarter (32 percent YoY) to Rs 2,909.5 crore in Q2.