TCS earns Rs 8126 crore profit in March quarter, Growth rate was 17.70%

April 14, 2019
TCS earns Rs 8126 crore profit  in March quarter, Growth rate was 17.70%

TCS, the country's largest IT company, earned a profit of Rs 8,126 crore with a growth of 17.70 % during the quarter ended March 2019. The company had a profit of Rs 6,904 crore in the same period i.e. January-March, 2018, a year ago back. Tata Consultancy Services Board has recommended the final dividend of 18 per equity share.

18.5% growth in net sales In the fourth quarter of FY 2018-19, the net sales of the company rose by 18.5% to Rs. 38,010 crores, compared to Rs. 32,075 crores during the same period a year ago. Talking about the entire fiscal year that is 2018-19, the profit of the company reached 21, 9, 7, with a profit of 21.9%.

At the same time, its revenues grew 19 percent to Rs 1,46,463 crore. The best growth in revenue in the 15th quarter TCS Chief Executive Officer and Managing Director Rajesh Gopinathan said, "This is the biggest growth in revenue of the company in the last 15 quarters. Our order book is more than three quarters ago and the deal pipeline remains extremely brilliant. Despite the uncertainties in the global market, our performance in the last quarter of the fiscal has been good.

The growth of 11.6% in the Banking, financial services and insurance sector In view of the TCS results in the industry, the company registered a growth of 11.6 % in the Banking, financial services, and insurance sector, compared to 8.6 % in the December quarter. Life Sciences and Healthcare recorded 18.2 %, Energy Utilities 11.3 %, Communications and Media 10 %, Retail and CPG 9.9 % and Manufacturing 9.2 % growth.

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