TCS profit rises 4.6% as strong deal wins offset cautious global demand in Q1

Tata Consultancy Services (TCS), India’s largest IT services company, on Thursday reported a 4.6 per cent year-on-year rise in consolidated net profit for the first quarter of FY27, supported by a robust order book despite subdued demand, annual wage hikes and a one-time legal settlement expense.

Consolidated net profit stood at ₹13,349 crore for the quarter ended June 30 compared with ₹12,760 crore a year earlier. On a sequential basis, profit declined 2.7 per cent from ₹13,718 crore in the March quarter after accounting for a one-time legal settlement of ₹668 crore.