TCS Q1 net up 34.78% at Rs.1073.85 Crores, beats market expectations

Tata Consultancy Services Ltd (TCS) has announced the Audited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs 10738.50 million for the quarter ended June 30, 2007 where as the same was at Rs 7966.90 million for the quarter ended June 30, 2006. Total Income is Rs 43357.40 million for the quarter ended June 30, 2007 where as the same was at Rs 34328.50 million for the quarter ended June 30, 2006.

The Consolidated Results are as follows: The Group has posted a net profit for the period of Rs 12029.30 million for the quarter ended June 30, 2007 where as the same was at Rs 8826.60 million for the quarter ended June 30, 2006. Total Income is Rs 53646.70 million for the quarter ended June 30, 2007 where as the same was at Rs 42256.20 million for the quarter ended June 30, 2006.

The Board of Directors of the Company at its meeting held on July 16, 2007, inter alia, has declared an Interim Dividend of Rs 3.00 per equity share of Re 1/- each of the Company.

The stock closed the day at Rs.1127.90, down by Rs.8.95 or 0.79%. The stock hit an intraday high of Rs.1145 and low of Rs.1114.60. The total traded quantity was 249390 compared to 2 week average of 284941.

Source : Equity Bulls

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