Shares of Tata Consultancy Services (TCS) fell 2% after the IT major announced its Q1 FY26 results. As of 9:18 AM, the shares were trading 1.86% lower at Rs 3,319.00.
For the quarter ended June 30, 2025, TCS reported a constant currency (CC) revenue decline of 3.3% QoQ, falling short of CNBC-TV18’s projected 1.4% drop. Rupee revenue stood at ₹63,437 crore, down 1.6% from ₹64,479 crore in the March quarter, also below the expected ₹64,206 crore.
In dollar terms, revenue came in at $7,421 million, marking a 0.6% sequential decline, while analysts had anticipated 0.6% growth.
However, TCS beat profit expectations, posting a net profit of ₹12,760 crore versus the estimated ₹12,127 crore. The jump in profit was largely supported by higher other income, which rose to ₹1,660 crore from ₹1,028 crore in Q4 FY25.
EBIT for the quarter was ₹15,514 crore, slightly below the estimate of ₹15,623 crore, while EBIT margin stood at 24.5%, slightly higher than expectations.
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