TCS shares gain nearly 4% after Q4 results

Shares of Tata Consultancy Services (TCS) on Monday (April 15) 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 ₹2,085.60 on the BSE.

At the NSE, shares of the company rose by 3.64 per cent to ₹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.

“TCS beat street/our estimates on revenues,” Emkay Global Financial Services said in a report on April 13.

TCS on April 12 Friday reported 17.7 per cent growth in consolidated net profit at ₹8,126 crore for the March 2019 quarter.

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

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