TCS Reports 7.3% Rise In March Quarter Net Profit To Rs 9,959 Crore

Tata Consultancy Services Ltd (TCS) reported a 7.3 per cent rise in net profit to Rs 9,959 crore in the January-March quarter and total revenue of 51,572 crore from a year earlier.

The company had reported a profit of Rs 9,282 crore and total revenue of Rs 44,636 crore in the corresponding period of the previous financial year. 

In the October-December quarter, net profit stood at Rs 9,806 crore on revenue of Rs 50,090 crore.

"Further, we would like to inform you that at the Board Meeting held today, the Directors have recommended a Final Dividend of Rs 22 per Equity Share of Rs 1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 27th Annual General Meeting, subject to approval of the shareholders of the Company," reported TCS.

TCS was the first among the Nifty 50 companies to announce its quarterly results.

Ahead of the earnings report, TCS shares rose 0.26 per cent to end at 3696.40 on the BSE, with trades ranging between 3656.85 and 3711.25.