TCS shares fall over 2% at close of trade after company reports muted growth in net profit in Q3

  • In traded volume terms, 2.14 lakh shares of the company were traded on the BSE and over 58 lakh shares on the NSE during the day

  • TCS reported a muted growth in consolidated net profit at Rs 8,118 crore for the third quarter ended December 2019

  • Revenue of the firm grew 6.7% in the quarter under review to Rs 39,854 crore from Rs 37,338 crore in the corresponding period of the last fiscal

New Delhi: Shares of Tata Consultancy Services (TCS) on Monday fell over 2 percent after the company reported a muted growth in consolidated net profit for the third quarter ended December 2019.

 TCS shares fall over 2% at close of trade after company reports muted growth in net profit in Q3

Representational image. Reuters.

The scrip declined 2.16 percent to close at Rs 2,170.25 on the BSE. During the day, it fell 2.76 percent to Rs 2,156.70.
On the NSE, it went lower by 2 percent to close at Rs 2,174.

In traded volume terms, 2.14 lakh shares of the company were traded on the BSE and over 58 lakh shares on the NSE during the day.

The country's largest software services major, after market hours on Friday, reported a muted 0.2 percent growth in consolidated net profit at Rs 8,118 crore for the third quarter ended December 2019.

This is against a net profit of Rs 8,105 crore in the year-ago period, TCS said in a BSE filing.

Revenue of the firm grew 6.7 percent in the quarter under review to Rs 39,854 crore from Rs 37,338 crore in the corresponding period of the last fiscal, it added.

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Updated Date: Jan 20, 2020 19:33:59 IST