(Reuters) - India’s top IT services exporter, Tata Consultancy Services Ltd, reported a record quarterly profit on Friday, helped by a strong performance in its banking, financial services and insurance segment (BSFI).
Net profit for the January-March quarter came in at 81.26 billion rupees ($1.17 billion) compared to 69.04 billion rupees last year.
Some 33 analysts on average expected a profit of 80.11 billion rupees, Refinitiv Eikon data showed.
The Tata group posted a 18.5 percent rise in revenue during the quarter.
($1 = 69.2240 Indian rupees)
Reporting By Arnab Paul and Chandini Monnappa in Bengaluru; Editing by Stephen Coates and David Evans