New Delhi, Oct 13 (PTI) Shares of TCS today rose by over
2 per cent even as the company’s net profit fell in the
The IT bellwether’s scrip gained 2.23 per cent to Rs
2,605.60 on BSE.
At NSE, shares of the company went up 2.38 per cent to
India’s largest software exporter TCS yesterday reported
2.1 per cent dip in net profit to Rs 6,446 crore for the
September quarter on softness in banking and retail segments,
but gave better guidance based on client optimism.
The Tata group company posted a net profit of Rs 6,586
crore in the year-ago period. Its revenue grew 4.3 per cent
year-on-year and 3.2 per cent over the preceding June quarter
to Rs 30,541 crore under the Ind AS accounting norms.
The company, which is the crown jewel of the USD 104
billion salt-to-software Tata Group, declared a dividend of Rs
7 per share and set October 26 as the record date.
This is published unedited from the PTI feed.