TCS shares decline nearly 3% post Q3 earnings
The country's largest software exporter TCS Thursday reported 24.1 per cent growth in net profit at Rs 8,105 crore for the quarter ended December 2018.
Shares of TCS Friday fell by nearly 3 per cent even after it reported 24.1 per cent growth in net profit for the quarter ended December 2018. After a weak opening, the scrip further went down by 2.54 per cent to Rs 1,840.10 on the BSE. At the NSE, shares of the company declined 2.72 per cent to Rs 1,837.15.
The country's largest software exporter TCS Thursday reported 24.1 per cent growth in net profit at Rs 8,105 crore for the quarter ended December 2018.
Watch This Zee Business Twitter Video
आज दिनभर देखिए #ZeeBusiness की खास पेशकश #AccidentalPM
क्या है ये खास शो और कैसे आप दर्शक इसमें ले सकते हैं भाग, देखिए इस वीडियो में... तो देर किस बात की पोल में हिस्सा लीजिए और 3 लकी विजेताओं का नाम 10:45 पर चैनल पर दिखाया जाएगा।@AnilSinghviZEE @deepaliranaa @SumitResearch pic.twitter.com/kUmGi4zQGD— Zee Business (@ZeeBusiness) 11 January 2019
The company had posted a net profit of Rs 6,531 crore in the same period last fiscal as per Indian accounting norms.
The Tata Group firm, which accounts for the lion's share of the group's overall profit, reported a revenue growth of 20.8 per cent at Rs 37,338 crore for the said quarter, up from Rs 30,904 crore a year earlier.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
Lok Sabha elections 2024 Phase 4: Voting date, timing, states, union territories, seats, key candidates and constituencies | LS Polls
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
HPCL dividend 2024: OMC Hindustan Petroleum Corporation announces Rs 16.50 dividend, check record date
01:35 PM IST