Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TCS announces Q4 results
Thu, 17 Apr 09:30 am

Asian stock markets have opened the day on a mixed note with stock markets in Japan (down 0.2%) and South Korea (down 0.2%) leading the losses. However, markets in Indonesia (up 0.3%) and Taiwan (up 0.3%) are trading firm. The Indian share markets have opened the day on a firm note. Barring capital goods and banking, all sectoral indices have opened in the green with stocks in the telecom and software space leading the gains.

The Sensex today is up by around 63 points (0.3%), while the NSE-Nifty is up by about 21 points (0.3%). The mid and small cap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.4% and 0.8% respectively. The rupee is currently trading at Rs 60.23 to the US dollar.

Software stocks have opened the day on a firm note with HCL Infosystems, NIIT Ltd and Wipro leading the gains. India's largest software services exporter TCS has announced its financial results for the fourth quarter of the financial year 2013-14 (4QFY14). During the quarter, the company's consolidated revenues stood at Rs 215.5 bn, higher by 1.2% on a quarter-on-quarter (QoQ) basis. The company witnessed 2.6% QoQ growth in volumes. At the bottomline level, consolidated net profit increased marginally by 0.5% QoQ to Rs 53.6 bn. Net profit margin contracted marginally from 25% in 3QFY14 to 24.9% in 4QFY14. For the full financial year FY14, revenues and net profit stood at Rs 81.8 bn (up 29.9% YoY) and Rs 19.2 bn (up 37.7% YoY) respectively. There were 9,751 net employee additions during the quarter.

Indian pharma stocks have opened the day mainly on a firm note with Orchid Chemicals, Wockhardt Ltd and J B Chemicals leading the gains. After recently selling off its 11% stake in Vodafone India for a windfall gain of 52%, Piramal Group flagship firm Piramal Enterprises has now agreed to acquire an effective 20% equity stake in Shriram Capital Ltd for an aggregate consideration of Rs 20.14 bn. Shriram Capital is the holding company for the financial services and insurance entities of the Chennai-based Shriram Group. It must be noted that in May 2013, Piramal had invested Rs 16.36 bn to acquire about 9.9% equity stake in Shriram Transport Finance Company Ltd (STFCL), one of the listed non-banking financial company of the Shriram Group.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "TCS announces Q4 results". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.