TCS Q1 Profit Declines 2.7% QoQ to Rs 13,349 Crore Amid One-Time Hit; Revenue Beats Estimates

vices (TCS) reported a 2.7% quarter-on-quarter decline in net profit to Rs 13,349 crore for the first quarter, largely due to a one-time settlement of Rs 668 crore following the rejection of its appeal in the DXC Technology trade secret lawsuit. Despite the profit dip, revenue outperformed market expectations, demonstrating resilience in core operations. The company’s board approved a dividend of Rs 12 per share, signalling continued shareholder confidence. Analysts noted that excluding the exceptional item, profitability remained stable. TCS continues to focus on digital transformation deals and cost optimisation amid a cautious global IT spending environment. The results underscore the company’s strong operational fundamentals even as it navigates legal and market headwinds.