TCS reports net profit of 9% in Q4FY24 to Rs 12,434 crore
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
TCS said it will help reduce costs and realise economies of scale within Ramboll’s IT estate.
According to the notice by Maharashtra's labour and employment department, a joint meeting between the company and the complainant will be held on November 2 to address the issue.
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The revenue for Q2 came at Rs 59,692 crore, an increase of 7.9% year-on-year. In constant currency terms, the revenue growth was 2.8% YoY.
On the other hand, laggards included HCL Tech, dropped nearly 3 per cent, followed by Axis Bank, Asian Paints, UltraTech Cement and Infosys.
The company's market valuation rose to Rs 12,09,768 crore during morning trade on the BSE.
All verticals showed healthy sequential growth, led by manufacturing, BFSI, Life Sciences and Healthcare, communications and media and retail and CPG.
IndusInd was the top laggard in the Sensex pack, shedding 3 per cent, followed by HDFC, ONGC, Kotak Mahindra, Bajaj Finance, Maruti Suzuki and Bharti Airtel.
Similarly on the NSE, after hitting the high of Rs 2,676.15, the company’s scrip was trading Rs 22 or 0.84 per cent higher at Rs 2,648.65.
