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The market reaction followed Kousgi's resignation announcement on October 28. He cited personal career aspirations as the reason for stepping down.

Equity fund short term returns came under pressure in July 2025, but things looked much better for debt funds

This marks a significant improvement from the ₹64.3 crore profit recorded in the same period last year.

Continuing with the virtual format adopted in recent years, the meeting will take place via Video Conferencing (VC) and Other Audio Visual Means (OAVM).

In addition to softer raw material costs, intensified competition in the FMCG space has played a role in prompting this pricing adjustment.

EBITDA for the quarter also resulted in a loss of ₹954 Crore. In the same quarter, the business posted an EBITDA loss of ₹544 Crore.

Revenue for the quarter inched up 3.2% to ₹809 crore. This is reflecting a steady performance in the company’s bearings and mechanical power transmission businesses.

The company also informed that its diluted earnings per share (EPS) slipped by 20.10% on a yearly basis to ₹10.60.

The company’s net profit came in at ₹148.30 Crore. In the year-ago period, the business reported a net profit of ₹141.80 Crore.

TCS hits 52-week low in Sensex and Nifty