TCS surges on reporting 9% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Tata Consultancy Services is currently trading at Rs. 4045.80, up by 45.50 points or 1.14% from its previous closing of Rs. 4000.30 on the BSE.
The scrip opened at Rs. 3995.00 and has touched a high and low of Rs. 4062.75 and Rs. 3974.90 respectively. So far 23525 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. 3070.30 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 4030.00 and Rs. 3916.60 respectively. The current market cap of the company is Rs. 1447343.55 crore.
The promoters holding in the company stood at 72.41 % while Institutions and Non-Institutions held 22.54 % and 5.03 % respectively.
TCS has reported results for fourth quarter (Q4) and year ended March 31, 2024. Tata Consultancy Services (TCS) has reported rise of 16.26% in its net profit at Rs 11,393 crore for the quarter under review as compared to Rs 9,800 crore for the same quarter in the previous year. Total income of the company increased by 4.06% at Rs 53,294 crore for Q4FY24 as compared Rs 51,213 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 9.32% in its net profit at Rs 12,502 crore for fourth quarter ended March 31, 2024 as compared to Rs 11,436 crore for the same quarter in the previous year. Total income of the company increased by 3.41% at Rs 62,394 crore for Q4FY24 as compared Rs 60,337 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 11.38% rise in its net profit at Rs 43,559 crore as compared to Rs 39,106 crore for the previous year. Total income of the company increased by 7.12% at Rs 2,09,632 crore for year under review as compared to Rs 1,95,682 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 8.97% rise in its net profit at Rs 46,099 crore as compared to Rs 42,303 crore for the previous year. Total income of the company increased by 7.16% at Rs 2,45,315 crore for year under review as compared to Rs 2,28,907 crore for year ended March 31, 2023.
