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TCS shares gain nearly 4 pc after Q4 results

Press Trust of India  |  New Delhi 

Shares of (TCS) Monday gained nearly 4 per cent after the company reported 17.7 per cent growth in consolidated net profit for the March 2019 quarter.

The scrip after making a positive opening further jumped 3.56 per cent to Rs 2,085.60 on the BSE.

At the NSE, shares of the company rose by 3.64 per cent to Rs 2,088.

On the volume front, one lakh shares of the company were traded on the BSE and over 28 lakh shares on the NSE, during the morning trade.

"beat street/our estimates on revenues," Emkay Global Financial Services said in a report on Saturday.

Friday reported 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter.

This is against a net profit of Rs 6,904 crore in the year-ago period, said in a regulatory filing.

Revenue of the firm grew 18.5 per cent in the quarter under review to Rs 38,010 crore from Rs 32,075 crore in the corresponding period last fiscal, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 15 2019. 10:35 IST