TCS Q4 profit up 22.6% at Rs 2,932.40 crore

Tata Consultancy Services said on Monday its net profit for the fourth quarter of the last fiscal rose by 22.6 per cent to Rs 2,932.4 crore (Rs 29.32 billion).

The company had posted a net profit of Rs 2,392.7 crore (Rs 23.92 billion) in same period of 2010-11.

The Mumbai-headquartered company posted an increase of 30.5 per cent in revenues at Rs 13,259.3 crore (Rs 132.59 billion).

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"We have carried our strong momentum through the fourth quarter to close out a year of strong growth. We have kept our focus on profitability and consolidated our market leadership," TCS chief executive officer and managing director N Chandrasekaran said in a statement.

TCS' net profit for 2011-12 jumped up by 21.9 per cent to Rs 10,638.2 crore (Rs 106.38 billion).

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Its revenue during the period stood at Rs 48,893.8 crore (Rs 488.93 billion), up 31 per cent from Rs 37,324.5 crore (Rs 373.24 billion) in 2010-11, it said.

"TCS is well prepared to achieve balanced growth across the industries and markets it operates in, given its holistic portfolio of services which are now achieving significant scale across markets," Chandrasekaran said.

During the January-March quarter, the company added 11,832 employees (net), taking its total headcount to over 238,000, the statement said.

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"We have grown very well during 2011-12 and also been able to exit the year at the right margin levels despite the marked increase in volatility during the past 12 months," TCS chief financial officer and executive director S Mahalingam said.

He added that the company remains focused on opportunities in the market.

"So while maintaining our cost discipline at an operational level, we continue to invest in capacity and capability as we prepare for growth ahead," he said.

The company has recommended a final dividend and a special dividend of Rs 8 each per equity Share of Re 1.