Tata Consultancy Services (TCS), on Thursday reported a 2.7% sequential decline in consolidated net profit for the April-June quarter, weighed down by a one-time legal provision, even as the country’s largest IT services company beat Street expectations on revenue and pointed to sustained demand for AI-led transformation projects. The company posted a net profit attributable to shareholders of Rs 13,349 crore, compared with Rs 13,718 crore in the preceding quarter. The figure was marginally below Bloomberg estimates of Rs 13,436 crore. Excluding the exceptional legal cost, however, net profit stood at Rs 13,849 crore, ahead of estimates.