11 Jan 2019 14:10 IST

TCS shares decline nearly 3% post Q3 earnings

The Indian tech giant reports Q3 results with net profit up 24.1 per cent at ₹8,105 crore

Shares of TCS 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 today, the stock further went down by 2.54 per cent to ₹1,840.10 on the BSE. At the NSE, shares of the company declined 2.72 per cent to ₹1,837.15.

The country’s largest software exporter TCS has reported 24.1 per cent growth in net profit at ₹8,105 crore for the quarter ended December 2018.

The company had posted a net profit of ₹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 ₹37,338 crore for the said quarter, up from ₹30,904 crore a year earlier.