TCS plunges 7% on lower-than-expected September quarter result

The management said attrition challenge may continue for the next two to three quarters

Tata consultancy services, TCS

SI Reporter Mumbai
Shares of Tata Consultancy Services (TCS) plunged 7 per cent to Rs 3,674.55 on the BSE in Monday's intra-day trade after the company's September quarter net profit missed Street expectations. 

The IT company posted a slightly lower-than-expected, 14.1 per cent year-on-year growth in net profit and 16.8 per cent YoY rise in revenue, in the second quarter (Q2) of financial year 2021-22 (FY22). The stock of India's largest information technology (IT) services player had hit a record high of Rs 3,990 on October 8, 2021.

In Q2, TCS' net profit rose to Rs 9,624 crore, a 6.8 per

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First Published: Oct 11 2021 | 9:36 AM IST

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