Business Standard

TCS rallies on better-than-expected Q3 earnings

Q3 consolidated net profit at Rs 3,552 crore against analysts estimates of Rs 3,433 crore.

Related News

Tata Consultancy Services (TCS) has rallied 5% to Rs 1,400 on NSE in opening trades after reporting a better-than-expected 1% quarter-on-quarter (qoq) growth in consolidated net profit at Rs 3,552 crore for the third quarter ended December 2012 (Q3). On year-on-year basis (yoy), net profit grew by 23%.

Analysts on an average had expected profit of Rs 3,433 crore from the country’s number 1 software services company.

“The company reported a revenue growth of 21.7% at Rs 16,070 crore on a yoy basis. Revenue grew 2.9% on sequential basis,” said in a statement.

Meanwhile, the board of directors of the company have declared a third interim dividend of 300% or Rs 3 per equity share of Re 1 each of the company.

The stock opened at Rs 1,390 and has seen a combined 544,762 shares changing hands on the counter on the NSE and BSE.

Read more on:   
|
|

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Quick Links

Market News

Maruti Suzuki hits record high

The stock hit a new high of Rs 3,704 on BSE.

Tax cloud over foreign investors' algorithmic trading

Use of co-location servers could be construed as evidence of permanent establishment

HDFC Bank, ICICI Bank, Axis Bank, Yes Bank hit new high

At 1435 hours, Bank Nifty surged 325 points or 1.6% at 20,398 as compared to 0.46% rise in CNX Nifty.

Nickel down 1.3% on global cues

However, other base metals held steady in limited deals

Eveready Industries hits new high post Q3 results

The stock hit a new high of Rs 222 on BSE after reporting an over three-fold jump in net profit at Rs 15 crore in December quarter.

 

Back to Top