Reports 1.4% growth in net profit at 12,075 cr; beats Street estimate

THE country's largest software services company Tata Consultancy Services (TCS) on Thursday reported a street-beating revenue growth, driven by its key financial services and insurance vertical despite the US tariff-related uncertainty and mounting risks from a tightening visa regime in its largest market.

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However, the company's net income was flat with a positive 1.4% growth in the September quarter at 12,075 crore, which missed Street estimate.

In the year-ago period, the company had logged in 11,909 crore and sequentially the software major's net profit declined by 5.4% from 12,760 crore.

The company, which did not hold a presser in remembrance of the first death anniversary of its former chairman and Tata group patriarch Ratan Tata, said in a statement that consolidated revenue grew 2.4% year-on-year to ₹65,799 crore in the September quarter, beating analysts' estimate compared to ₹64,259 crore in the year-ago quarter and from ₹63,437 crore in Q1FY26, an increase of 3.7%.