TCS announced a 9% increase in its net profit for the March quarter of FY24 at Rs. ₹12,434 crore, which resulted in the company’s share price increasing by 1.50% on Monday.
The main reason behind the positive numbers is strong business despite difficulties in the global market.
TCS’s stock price reached Rs. 4063 at a 1.56% gain compared to its closing. The stock’s market cap also increased by Rs. 7,489.44 crore to reach Rs.14,54,832.99 crore.
The company’s net profit for the entire financial year increased by 9% on a YOY basis reaching Rs. 2,40,893 crore from Rs. 2,25,458.
TCS’s growth in the domestic market accounted for a 38% hike, which led to 3.6% growth in revenue numbers, which was reported to be Rs. 61,237 crore for the March quarter.
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