- By Aditya Pratap Singh
- Fri, 12 Apr 2024 04:28 PM (IST)
- Source:PTI
TCS Q4 Result Today: The income of India's largest software services company, TCS, increased by 9.1 percent to Rs 12,434 crore in the March quarter. The Tata Group company's profit after tax in the January-March period last year was Rs 11,392 crore.
The company's net profit is expected to grow by 9 percent to Rs 1,000 crore in the financial year 2023-24. 45,908 crore, according to exchange filings. Its revenue increased by 3.5 percent year-on-year to Rs 61,237 crore in the March quarter. Its operating profit margin increased from 1.50 percent to 26 percent. On Friday, TCS shares rose 0.45 percent to Rs 1 on BSE. Will close at 4,000.30.
TCS declares dividend
TCS has declared a final dividend of Rs 28 per share for the financial year 2023-24. This increases the total dividend for FY24 to Rs 73 per share, including the interim dividend of Rs 45 per share declared earlier. The dividend will be paid at the upcoming 29th Annual General Meeting (AGM) of TCS. The company informed the stock exchanges - We would like to inform you that at the board meeting, the directors have recommended a final dividend of Rs 28 per equity share of Re 1 of the company, which will be paid on the 4th day of the 29th Annual General Meeting. This is subject to the approval of the company's shareholders.
TCS said its employee strength at the end of fiscal year 2024 stood at 6,01,546. Milind Lakkad, CHRO of the company said - We are delighted to announce annual salary increments for our workforce. The overwhelming response to hiring at our campuses, the increase in customer footfalls, and employees returning to the office have infused great vibrancy in our delivery centers.
Meanwhile, TCS share price rose by about one percent amid selling on Friday, the last trading day of the week. The share closed at Rs 4000.30 at the end of trading.
Also Read: TCS Q4 Results: Net Profit Rises 9.1% To Rs 12,434 Crore; Details