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TCS slumps on other income-driven profit

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Reuters MUMBAI
Last Updated : Jan 17 2014 | 11:56 AM IST

MUMBAI (Reuters) - Tata Consultancy Services Ltd shares dropped as much as 5 percent after the company's December quarter profit when adjusted for other income, as well as operating margin, were seen lagging expectations.

TCS said late on Thursday quarterly consolidated net profit surged 49.6 percent to 53.14 billion rupees.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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First Published: Jan 17 2014 | 11:41 AM IST

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