TCS Reports Profit Of Rs 8,126 Crore In March Quarter
Tata Consultancy Services (TCS) on Friday reported a net profit of Rs 8,126 crore for the quarter ended March 31, 2019. That marked a growth of 0.3 per cent from its record net profit of Rs 8,105 crore reported for the previous quarter. In a regulatory filing post-market hours on Friday, TCS reported a revenue of Rs 38,010 crore for the last quarter of financial year 2018-19 compared with Rs 37,338 crore for the October-December quarter.
On the operational front, TCS' earnings before income, tax and amortisation (EBITA) came in at Rs 9,537 crore.
TCS shares closed 0.3 per cent lower at Rs 2,013.05 apiece on the NSE, ahead of the earnings announcement by the IT major. The stock underperformed the broader markets which rose 0.4 per cent, closing higher for a second straight day.
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.