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New Delhi, Oct. 9 -- IT stocks surged in morning trade on Friday, 9 October, driving their sectoral index Nifty IT up by more than 3%, a day after domestic IT bellwether TCS reported better-than-expected September quarter (Q2FY27) results.Nifty IT jumped over 3% in the morning trade, with TCS leadi…
Net sales for Q2FY27 rose 26.9% YoY to $20,791,000. Net earnings increased 88.6% YoY to $4,534,000. Adjusted EBITDA grew to $5,285,000 from $3,401,000 in Q2FY26. Basic and diluted EPS stood at $0.21, up from $0.12 in the prior year.
Nifty IT jumped over 3% in the morning trade, with TCS leading the charge, surging almost 6%. On Thursday, TCS reported Q2 revenue of ₹73,188 crore, up 11.20% year-on-year (YoY). Consolidated net profit rose by 15% YoY to ₹13,884 crore.