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TCS stock slides as Q1 misses Street estimates
Business Standard
|July 12, 2025
FY26 to be a year of underperformance for IT major: Analysts
Shares of Tata Consultancy Services (TCS) slipped in Friday's session as the technology giant's earnings for the first quarter of 2025-26 (Q1FY26) missed the Street's expectations amid macroeconomic uncertainty and slow discretionary spending.
TCS' stock closed 3.43 per cent lower at 3,266 per share, leading the fall in the broader technology gauge Nifty IT index, which fell 1.78 per cent. The stock registered the steepest intraday fall since April 3 this year.
Q1 result breakdown The stock plunge came a day after the tech major posted ₹12,760 crore net profit for Q1FY26, registering an increase of 4.4 per cent on a quarter-on-quarter (Q-o-Q) basis. However, revenue declined by 1.6 per cent (Q-o-Q) to ₹63,437 crore, a slightly steeper drop than analysts had anticipated.
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