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Business News/ Companies / News/  TCS Q4 Results: TCS shares plunge after weak Q4 results
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TCS Q4 Results: TCS shares plunge after weak Q4 results

Q4 Results TCS 2023 Live: TCS has declared its fourth quarter earnings, clocking double-digit growth in both bottom-line and top-line front

TCS Q4 results is likely to be announced after market hours followed by a press conference. Premium
TCS Q4 results is likely to be announced after market hours followed by a press conference.

Tata Consultancy Services (TCS) missed street's estimates for the fourth quarter of FY23. The IT giant garnered a consolidated PAT of 11,392 crore in Q4FY23, registering a growth of 14.8% YoY. Meanwhile, its revenue from operations stood jumped by 16.9% YoY to 59,162 crore. TCS also declared a final dividend of 24 per equity share for the fiscal year. TCS' share price gained by 1% on Wednesday with Q4 earnings in focus. 

12 Apr 2023, 01:46:23 PM IST

TCS share price ahead of Q4

TCS shares are trading in the green on Wednesday ahead of Q4 results.

At the time of writing, TCS shares traded at 3,231.90 apiece up by 17.65 or 0.6% on BSE. The stock traded near the day's high of 3,236.90 apiece.

TCS' market cap has risen by 6,458.22 crore to 11,82,440.75 crore at the current market price --- compared to the m-cap of 11,76,110.59 crore.

12 Apr 2023, 01:33:31 PM IST

TCS Q3 results

During December 2022 quarter, TCS garnered a net profit of 10,846 crore attributable to shareholders on a consolidated basis up by 11.02% YoY and 3.98% QoQ. The net margin stood at 18.6% for the quarter, whereas the operating margin stood at 24.5% contracting by 0.5% YoY.

On the other hand, TCS consolidated revenue from operations came in at 58,229 crore increasing by 19.11% YoY and 5.28% QoQ. In terms of constant currency, the revenue growth was at 13.5% YoY driven by business in North America and the UK. TCS' order book stood at $7.8 billion as of December 31, 2022, versus $8.1 billion in 2QFY23.

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