TCS net up by 81 per cent

Mumbai: Tata Consultancy Services (TCS) has reported an 81.27 per cent jump in net profit at Rs620.32 crore for the quarter ended September 30, 2005 as compared to Rs342.19 crore in the year-ago period.

Total income has increased 22.30 per cent to Rs2,515.73 crore for the second quarter from Rs2,056.90 crore in the corresponding quarter in previous fiscal, according to a notice sent to the BSE.

The board of directors has also recommended second interim dividend of Rs3 per equity share of Re1 each of the company.

On a consolidated basis the company and its subsidiaries have posted a net profit of Rs693.71 crore this quarter as compared to Rs323.09 crore in the previous quarter.

Its total income has increased to Rs2,982.60 crore for the second quarter from Rs2,448.19 crore in the same period last year.