TCS

Shares of Tata Consultancy Services (TCS) tumbled 3.5 percent on July 11 as the company's results for the first quarter of the financial year 2026 failed to impress markets. The shares of the company closed at Rs 3,264 apiece, the lowest level seen by the stock in nearly three months. TCS released its results in the post market hours of June 10. The company reported a net profit of Rs 12,760 crore for the first quarter of the financial year 2026, beating expectations. This marks an on-year increase of nearly 6 percent from the Rs 12,040 crore net profit reported in Q1 FY25. The company’s revenue from operations meanwhile rose 1.3 percent to Rs 63,437 crore during the quarter under review. Along with the Q1 results, TCS announced a dividend of Rs 11 per share. It had already announced that July 16 will be the record date to determine the eligibility of shareholders set to receive the payment. TCS CEO K Krithivasan said that sequential growth decline stood at 3.3%. Out of this, 0.5% should be attributed to international business & 2.8% decline was due to the ramp down of BSNL deal, he added. The CEO of the IT major noted that delay in deal closures trend intensified in this quarter.