TCS reports 8.5% rise in net profit for Q1FY27
Tata Consultancy Services (TCS) reported an 8.5% year-on-year increase in net profit to ₹13,849 crore for Q1FY27, up from ₹12,760 crore in Q1FY26. Despite this growth, net profit declined by 2.68% from ₹13,718 crore in the previous quarter, and TCS shares fell by 0.52% to ₹2,047.75 amid a 40% drop from their 52-week high due to global IT spending challenges and AI disruptions. The company also announced a dividend of ₹12 per share and recorded a revenue increase of 13.9% to ₹72,275 crore compared to the same period last year.