The Indian IT bellwether reported a 6% growth in its Q1FY26 consolidated net profit at Rs 12,760 crore versus Rs 12,040 crore in the year ago period. The profit after tax (PAT) was above Street estimates of Rs 12,205 crore.
The revenue from operations rose 1.3% at Rs 63,437 crore versus Rs 62,613 crore in the year ago period. TCS reported a revenue decline of 3.1% YoY in Constant Currency terms.
TCS CEO K Krithivasan today acknowledged continued global macro-economic and geo-political uncertainties, which caused a demand contraction. Though on the positive side, all the new services grew well. “We saw robust deal closures during this quarter. We remain closely connected to our customers to help them navigate the challenges impacting their business, through cost optimization, vendor consolidation and AI-led business transformation,” Krithivasan said.
The quarter was also marked by a robust Order Book and operational resilience, said the company in its filing to the exchanges. The Q1 Total Contract Value (TCV) stood at $9.4 billion.
Read more: TCS Q1 Results: From PAT, revenue to dividend, here are 9 key takeawaysThe earnings were announced after market hours and TCS shares today ended at Rs 3,395 on the NSE, up by Rs 11.20 or 0.33%.Both Wipro and Infosys shares had ended in the red on the NSE as well. While Wipro shares closed at Rs 265.10, down by Rs 2.70 or 1.01%, Infosys shares declined by Rs 14.90 or 0.91% to settle at Rs 1,618.80.
Major indices on Wall Street were trading mixed. While DOW 30 was hovering at 44,591.40, up by 133.08 points or 0.30%, S&P 500 declined 1.83 points or 0.03% to trade at 6,261.43. The Nasdaq Composite was at 20,534.60, falling by 76.77 points or 0.37%.
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