TCS Q4FY23 Results, Tata Group’s IT company TCS results declared, 11392 crore profit, dividend announced for investors – tcs q4 results profit jumps 15 yoy to rs 11392 crore dividend declared at rs 24/share
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Company’s profits increased
The country’s largest software services exporter Tata Consultancy Services (TCS) posted a year-on-year (YoY) growth of 16.9% in revenue at Rs 59,162 crore in the March quarter. The company’s profit grew 14.76% YoY to Rs 11,392 crore. The IT major’s operating margin came in at 24.5% and net margin at 19.3%. According to the company, the income in rupees has increased by 16.9 percent over the previous year to more than Rs 59 thousand crore. There is a growth of 14.7 percent in profit as compared to last year.
strength in revenue
The company’s revenue has recorded a strength of 1.6 percent. There has been a 5 percent increase in profit on a quarterly basis. EBIT remained at 1.4 per cent and margin at 24.5 per cent. Dollar revenue registered a strength of 1.7 per cent on a quarterly basis. The margin stood at 24.5 per cent. Dollar revenue has been $7195 million. The company has also declared dividend for the investors. Investors are very happy with this. A final dividend of Rs 24 per share has been announced to the investors.
This company is going to sell electricity to the government, investors rush to buy shares, stock running like a rocket
stock closed with gains
TCS stock has seen a boom today. Although the results of TCS came after the market closed. The company’s stock today closed at Rs 3242 with a gain of one per cent. The one year high level of Sher is Rs 3738. Whereas the minimum level is Rs 2926. The stock has seen pressure in the last one year.
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