IIFL estimates that the company’s net profit is expected to be at Rs. 6,329 crore, a 3.6% rise qoq while a decline of 2.4% yoy.
Tata Consultancy Services Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 18, 2016, inter alia, to approve and take on record the audited financial results of the Company for the year ended March 31, 2016 and approve and take on record the audited consolidated financial results of the Company and its subsidiaries for the year ended March 31, 2016.
The board will recommend a final dividend, if any, on the equity shares of the Company for the year ended March 31, 2016 for the approval of the shareholders at the ensuing Annual General Meeting.
IIFL estimates that the company’s net profit is expected to be at Rs. 6,329 crore, a 3.6% rise qoq while a decline of 2.4% yoy. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs. 28,511 crore, growing at 17.7% yoy and 4.2% qoq. Operating Profit Margin is likely to be at 28.6%, with a yoy fall of 61 bps.
Tata Consultancy Services Ltd is currently trading at Rs. 2505.7, down by Rs. 17.45 or 0.69% from its previous closing of Rs. 2523.15 on the BSE.
The scrip opened at Rs. 2449 and has touched a high and low of Rs. 2510 and Rs. 2449 respectively. So far 2101840(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 497168.53 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2543.4 and Rs. 2412.15 respectively.
The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 21.99 % and 4.59 % respectively.
The stock is currently trading above its 200 DMA.
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