At the NSE, the stock lost 1.96 per cent to Rs 2,473. "TCS announced its Q1 finance year 2016 results which was lower than expectations on sales and net profit front," said Sarabjit Kour Nangra, VP Research - IT, Angel Broking.

TCS yesterday reported mere 2.1 percent growth in its June quarter net profit at Rs 5,684 crore with revenue growth trailing street expectations on difficulties from the Japanese and Latin American markets.

The firm had posted a net profit of Rs 5,568 crore in the year-ago period. The software major reported a consolidated revenue of Rs 25,668 crore under Indian GAAP accounting, which is up 16.1 percent on yearly basis and 6 percent sequentially.

"TCS Q1 finance year 2016 results were a mixed bag. Revenue was below consensus expectation, but volume growth and margin expansion was ahead of expectation," brokerage firm Prabhudas Lilladher Private said in a report.

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