6 months ago
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Indian IT bellwether Tata Consultancy Services (TCS) on Friday announced a final dividend of Rs 28 per equity share of Re 1 each, which will be paid on the fourth day from the conclusion of the 29th Annual General Meeting (AGM), the company said in its filing to the exchanges as it announced its January to March quarter earnings.
TCS' revenue for the January-March quarter stood at Rs 61,237 crore, up 3.5% on a year-on-year basis and 2.2% YoY in constant currency terms. The profit for the reported quarter stood at Rs 12,434 crore, up 9.1% YoY.
Full-year revenue was reported at Rs 240,893 crore, up 6.8% YoY and over 3.4% in the CC terms while the net income stood at Rs 46,585 crore jumping by 10.5% YoY. The record deal wins and robust margins mark a strong finish for TCS’ FY2024, the company said in a statement.
Growth by the UK business saw a 10.1% uptick while that of the regional markets was 19.8%. By verticals, growth was led by energy, resources and utilities (+12.6%), manufacturing (+7.3%) and life sciences & healthcare (+4.8%).
The operating margin for FY2024 was reported at 24.6% while the net margin was at 19.3%.
The result was announced after market hours and TCS shares on Friday ended at Rs 4,003.80 on the NSE, up by Rs 19.15 or 0.48%.
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