New Delhi, April 10 Shares of India's largest IT services company, TCS, declined by over 3% on Friday morning after its March quarter earnings failed to impress investors.
The stock fell 3.25% to Rs 2,503.45 on the BSE.
At the NSE, the stock edged down by 3.24% to Rs 2,505.
TCS reported a 12.22% increase in its March quarter net profit to Rs 13,718 crore, supported by improved profit margins, on Thursday.
For the fiscal year 2025-26, its profit after tax increased by 1.35% to Rs 49,210 crore compared to Rs 48,553 crore in FY25.
In the reporting quarter, its operating revenue jumped 9.64% to Rs 70,698 crore from Rs 64,479 crore in the previous year, while the full fiscal year saw a 4.58% increase to Rs 2.67 lakh crore.
TCS is the first company in the $315 billion Indian IT sector to report its earnings for the fiscal year 2025-26, which saw the deepening of artificial intelligence (AI) technologies and subsequent concerns regarding employee intensity in the sector, which produces some of the best quality jobs in the economy.