Tata Consultancy Services shines on reporting 9% rise in Q1 consolidated net profit
Tata Consultancy Services is currently trading at Rs. 4021.20, up by 98.50 points or 2.51% from its previous closing of Rs. 3922.70 on the BSE.
The scrip opened at Rs. 4001.15 and has touched a high and low of Rs. 4034.90 and Rs. 3974.10 respectively. So far 53054 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4254.45 on 18-Mar-2024 and a 52 week low of Rs. 3,273.05 on 13-Jul-2023.
Last one week high and low of the scrip stood at Rs. 4034.90 and Rs. 3895.70 respectively. The current market cap of the company is Rs. 1419267.19 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.36% and 4.87% respectively.
Tata Consultancy Services (TCS) has reported 15.56% rise in its net profit at Rs 12,115 crore for the quarter ended June 30, 2024 as compared to Rs 10,484 crore for the same quarter in the previous year. Total income of the company increased by 6.75% at Rs 55,261 crore for Q1FY25 as compared to Rs 51,765 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 8.86% rise in net profit at Rs 12,105 crore for Q1FY25 as compared to Rs 11,120 crore for the same quarter in the previous year. Total income of the company increased by 4.60% at Rs 63,575 crore for Q1FY25 as compared to Rs 60,778 crore for the corresponding quarter previous year.
