India’s largest IT services company Tata Consultancy Services (TCS) has reported a net profit of Rs 11,342 crore for the second quarter ended September on the back of a strong order book. Consolidated revenue for the quarter stood at Rs 59,692 crore, despite a tough business environment. Orders for Q2 stood at $11.2 billion, higher on quarter-on-quarter (QoQ) basis. EBIT margin rose to 24.3 per cent versus 23.2 percent. In dollar terms, revenue stood at $7,210 million. However, rupee revenue growth came in below estimates. "Strong deal momentum delivered us a very large order book in Q2 – our second highest total contract value ever in a quarter, and good pipeline. The resilience of demand for our services, our clients’ willingness to commit to long tenure programs and their continued appetite for experimentation with Gen AI and other new technologies give us confidence in our longer-term growth prospects,” TCS MD and CEO K Krithivasan said. N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said: “We continue to make investments in our people and new technologies. We now have a 100,000-strong pool of Gen-AI Ready consultants and prompt-engineers who are engaged in hundreds of Gen-AI projects for our clients across segments.”