TCS Net Profit at Rs 1147.11 Crores in Q2

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

The Company has posted a net profit after taxes of Rs 11471.10 million for the quarter ended September 30, 2007 where as the same was at Rs 9313.20 million for the quarter ended September 30, 2006. Total Income is Rs 46814.90 million for the quarter ended September 30, 2007 where as the same was at Rs 36812.00 million for the quarter ended September 30, 2006.

The Consolidated Results are as follows: The Group has posted a net profit (after minority interest & share of profit of associates) of Rs 12516.00 million for the quarter ended September 30, 2007 where as the same was at Rs 10186.80 million for the quarter ended September 30, 2006. Total Income is Rs 57618.20 million for the quarter ended September 30, 2007 where as the same was at Rs 45112.50 million for the quarter ended September 30, 2006.

The Board of Directors of the Company at its meeting held on October 15, 2007, inter alia, has declared a Second Interim Dividend of Rs 3.00 per equity share of Re 1/- each of the Company.

The stock closed the day at Rs.1073.65, up by Rs.10.55 or 0.99%. The stock hit an intraday high of Rs.1089.70 and low of Rs.1060.

The total traded quantity was 474305 compared to 2 week average of 344371.

Source : Equity Bulls

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