<p>Shares of TCS declined nearly 3 per cent in initial trade on Tuesday after the company's December quarter results failed to cheer investors.</p>.<p>The stock fell 2.67 per cent to Rs 3,231 apiece on the BSE.</p>.<p>At the NSE, it declined 2.70 per cent to Rs 3,230.10 apiece.</p>.<p>It was the biggest laggard among the Sensex and Nifty components.</p>.<p>The 30-share BSE Sensex quoted 437 points or 0.72 per cent lower at 60,310.31 in morning trade.</p>.<p>"TCS has given a muted quarter where despite the growth in revenue from operations, the same is not reflected in the profitability. The last quarter of the fiscal remains a key watch out as the macro-economic environment changes will bring clarity across economies," said Urmi Shah, Analyst, Samco Securities.</p>.<p>India's largest IT services company, TCS, reported an 11 per cent rise in December quarter net profit to Rs 10,846 crore, restricted by a narrowing of profit margins, but sounded sanguine about the deal pipeline.</p>.<p>Its overall revenue rose 19.1 per cent to Rs 58,229 crore for the reporting quarter, but it was a 0.5 per cent narrowing of the operating profit margin to 24.5 per cent that limited the overall profit growth.</p>.<p>"TCS delivered better-than-expected revenue growth in Q3, while margins came a tad below our expectations," according to a report by Emkay Global Financial Services.</p>
<p>Shares of TCS declined nearly 3 per cent in initial trade on Tuesday after the company's December quarter results failed to cheer investors.</p>.<p>The stock fell 2.67 per cent to Rs 3,231 apiece on the BSE.</p>.<p>At the NSE, it declined 2.70 per cent to Rs 3,230.10 apiece.</p>.<p>It was the biggest laggard among the Sensex and Nifty components.</p>.<p>The 30-share BSE Sensex quoted 437 points or 0.72 per cent lower at 60,310.31 in morning trade.</p>.<p>"TCS has given a muted quarter where despite the growth in revenue from operations, the same is not reflected in the profitability. The last quarter of the fiscal remains a key watch out as the macro-economic environment changes will bring clarity across economies," said Urmi Shah, Analyst, Samco Securities.</p>.<p>India's largest IT services company, TCS, reported an 11 per cent rise in December quarter net profit to Rs 10,846 crore, restricted by a narrowing of profit margins, but sounded sanguine about the deal pipeline.</p>.<p>Its overall revenue rose 19.1 per cent to Rs 58,229 crore for the reporting quarter, but it was a 0.5 per cent narrowing of the operating profit margin to 24.5 per cent that limited the overall profit growth.</p>.<p>"TCS delivered better-than-expected revenue growth in Q3, while margins came a tad below our expectations," according to a report by Emkay Global Financial Services.</p>