IT major Tata Consultancy Services posted a marginal increase (2%) in net profit (consolidated) at Rs 3,616 crore for the quarter ended March 2013. It was Rs 3,552 crore in the previous quarter ended December 2012.
The revenue rose marginally by 2% to Rs 16,430 crore as against Rs 16,070 crore in the previous quarter.
The FY13 annual revenue rose almost 29% growth at Rs 62,989 crore and the net profit jumped 33.6% to Rs 13,917 cr as against Rs 10,413 crore in FY12.
The operating margin dropped 75 bps to 26.5% as against 27.25% a quarter ago. The other income soared 100% to Rs 442 crore as against Rs 221 crore in the quarter ended December 2012. It needs to be noted that other income includes a forex gain of Rs 124 crore.
The earnings per share have been Rs 18.46 in Q4 as against Rs 18.10 in Q3.
The company also announced a dividend of Rs 13 per share. The company’s stocks closed on Wednesday 1.7% lower at Rs 1,459 apiece on BSE.
Source : Business Standard.