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TCS Q1 net profit jumps 23.4% to Rs 73.40 billion; revenue up 15.8%

The total revenue stood at Rs 342.61 billion

BS Web Team & Agencies 

TCS CEO Rajesh Gopinathan

India's biggest software services exporter, Consultancy Services Ltd, posted a better-than-expected rise of about 23.4 per cent in first-quarter net profit, helped by strong growth in its banking, financial services and insurance division.

Consultancy Services Ltd has recorded a consolidated net of Rs 73.40 billion in April-June 2018 versus a of Rs 59.45 billion in the same quarter last year, the company said on Tuesday. The total stood at Rs 342.61 billion.

Analysts, on average, had expected a consolidated net of Rs 69.83 billion, according to Thomson Reuters data.

First Published: Tue, July 10 2018. 17:19 IST