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TCS shares move down 3%, post Q1 earnings

Press Trust of India  |  New Delhi 

of fell by nearly 3 per cent today after the company reported a 5.9 per cent decline in consolidated net profit for the April-June quarter.

After a weak opening, the stock of the top IT exporter further lost 2.78 per cent to Rs 2,376.10 on the

On the NSE, it dropped 2.91 per cent to Rs 2,375.

India's largest software services firm (TCS) yesterday reported a 5.9 per cent decline in its consolidated net profit at Rs 5,945 crore for the April- June quarter, hit by currency volatility.

It had posted a net profit of Rs 6,317 crore in the year-ago period, the Mumbai-based firm said in a filing.

The company, however, posted a marginal increase of 1 per cent in its consolidated at Rs 29,584 crore during the quarter as against Rs 29,305 crore a year earlier.

Compared to the January-March 2017 quarter, its net profit during the period under review fell 10 per cent while slipped 0.2 per cent.

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

First Published: Fri, July 14 2017. 12:02 IST