TCS Q1 Net up 19 per cent

Country's largest software exporter TCS reported nearly 19 per cent growth in consolidated net profit for the first quarter of the current fiscal at Rs 1,533.94 crore.

Country’s largest software exporter TCS reported nearly 19 per cent growth in consolidated net profit for the first quarter of the current fiscal at Rs 1,533.94 crore.

The company’s net profit rose 18.85 per cent from Rs 1,290.61 crore in the same period last year,Tata Consultancy Services said in a filing to the Bombay Stock Exchange.

The total income increased over 12 per cent to Rs 7,206.99 crore in the period under review from Rs 6,410.70 crore in the corresponding period last year.

During June quarter,the company incurred a foreign exchange loss of Rs 84.14 crore.

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On Govt table: How to help exporters not lose market share due to 50% US tariff

Business44 min ago

The Indian government is implementing strategies to protect its market share from the impact of high US tariffs. This includes providing support to exporters through subsidies, loans, and credit guarantees, as well as helping them access domestic buyers. However, India's export growth to US is lower compared to its competitors, and the situation may worsen with additional tariffs on Russian oil.

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