Tata Consultancy Services (TCS), India's largest IT services company, reported an 8.7% year-on-year rise in consolidated net profit for Q1 FY25, amounting to ₹12,040 crore. The company also saw its revenue beat expectations, driven by the execution of large deals secured in previous quarters. TCS added 5,452 employees in Q1 FY25, reversing a decline seen over the past three quarters, bringing the total headcount to 606,998. Despite a decline in the order book by 18% to $8.3 billion, the company doubled its AI and Gen AI pipeline to $1.5 billion. Following the earnings announcement, TCS shares surged nearly 7%, hitting a three-month high and contributing to a significant rally in IT stocks. The Nifty IT index soared 3.5%, reaching a 52-week high. TCS's market cap crossed ₹15 lakh crore, increasing by ₹94k cr.