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TCS shares end 0.5 pc lower after Q3 results

Press Trust of India  |  New Delhi 

of today ended 0.5 per cent lower after the company said its net profit slipped 3.6 per cent in three months to December. The stock fell by 0.56 per cent to end at Rs 2,772.90 on During the day, it dipped 1.59 per cent to Rs 2,744. On NSE, of the company lost 0.50 per cent to close at Rs 2,776.35. India's largest yesterday said its net profit slipped 3.6 per cent to Rs 6,531 crore in three months to December due to margin compression and softness in the and financial services sector, which is its largest segment. The had reported a net profit of Rs 6,778 crore in the December 2016 quarter under the Ind-AS accounting.

In July-September 2017, its net profit stood at Rs 6,446 crore. bagging biggest-ever deal also failed to lift the stock. (TCS) today said it has bagged a deal worth more than USD 2 billion from the US group Transamerica, marking its largest contract to date.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 16:25 IST
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