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Anticipating TCS Q2 Results: Expected Profit Growth of 9-11% Share Buyback and Dividend in Focus

Anticipating TCS Q2 Results: Expected Profit Growth of 9-11% Share Buyback and Dividend in Focus

 Tata Consultancy Services Ltd (TCS), India largest IT firm by revenues, is likely to report a 9-11 per cent year-on-year (YoY) jump in net profit for the September quarter on a roughly 9 per cent rise in sales. The Tata group firm, which is scheduled to declare quarterly earnings post market hours, could report expansion of margin sequentially. Ahead of its results, TCS informed stock exchanges about its board meeting on share buyback and second interim dividend. The last time TCS announced share buyback was in 2022. It totalled Rs 18,000 crore. The preceding three buybacks mounted to Rs 16,000 crore each. Investors would be eyeing updates on capital allocation policy and share buyback today

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