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TCS to announce Q1 results today

TCS to announce Q1 results today

The Company will be publishing its financial statements prepared under Ind AS when it announces its Q1 earnings for FY17 on July 14, 2016 and not as per Indian GAAP.

Tata Consultancy Services Ltd has announced that as per Ministry of Corporate Affairs notification dated February 16, 2015, listed and unlisted companies with net worth of Rs. 500 crore or more including the parent or subsidiaries of such companies will have to prepare their financial statements following Ind AS with effect from April 01, 2016 with comparative periods beginning April 01, 2015.

Therefore, the Company will be publishing its financial statements prepared under Ind AS when it announces its Q1 earnings for FY17 on July 14, 2016 and not as per Indian GAAP. The Company will continue to post its earnings in IFRS as well

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