1 week Ago
FILE PHOTO: A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS T ata Group Stocks, Tata Motors shares, Tata Steel stocks & TCS share price, Tata Consultancy Services Q4 Results live updates: Tata Group stocks – including Tata Steel , Tata Motors , TCS, Titan Company , Tata Consumer Products , Voltas , Trent , Tata Elxsi , Tata Technologies – in focus. IT major Tata Consultancy Services (TCS) on Thursday reported a net profit of ₹12,224 crore for the fourth quarter of FY24-25, down by 1.
68 per cent compared to ₹12,434 crore in the same quarter of the previous fiscal year, owing to uncertainty in the market leading to delays in decision-making and project ramp downs. Revenue for the company grew 5.2 per cent to ₹64,479 crore on an annual basis and 0.
7 per cent on a quarterly basis. For FY25, revenue grew by 6 per cent year-on-year to ₹255,324 crore. The company announced that the business uncertainties have led it to delay the annual wage hikes, which generally set in from April.
He, however, did not give a timeline by when it will announce the hikes. Tata Motors’ UK subsidiary Jaguar Land Rover said it sold 6,183 units of its vehicles to customers in FY25 in India, its highest-ever in its 17 years of operation in the country and recording 40 per cent annual growth. Earlier this week, Tata Steel informed the exchange on restructuring measures in Nederland.
Tata Steel Nederland plans to remove 1,600 employees as part of the transformational process to produce green steel at its IJmuiden plant. Track live updates . Tata Motors & Tata Steel gains nearly 5%, TCS rose 1% in early trade on Q4 results Brokerages on TCS Kotak Citi UBS Nomura GS Jefferies Shares of TCS opened 1% positive on Friday at ₹3,289.
55 on the NSE, from the previous close of ₹3,246.60 on Wednesday. The IT major declared its Q4FY25 results on Thursday.
The stock currently traded flat at ₹3,265 (9.52 am), after hitting a high of ₹3,298.95.
Screenshot 2025-04-11 095251.png Sensex climbed 1088.86 pts or 1.
47% to 74,936.01 as at 9.16 am after opening at 74,835.
49, and Nifty 50 gained 347.25 pts or 1.55% to 22,746.
40. All sectoral indices traded in the positive territory. Down by 18 per cent in the last one year vs Nifty 50’s decline of 2 per cent, down by 29 per cent from its all time highs in September 2024 vs Nifty 50’s decline of 15 per cent, and up by around 83 per cent in the last five years vs Nifty 50’s up move of 146 per cent – the stock of TCS has been a disappointment whichever way one tries to dissect its performance.
Read the portfolio report by Hari Viswanath of businessline Tata Consultancy Services (TCS) reported a net profit of ₹12,224 crore for the fourth quarter of the financial year 2024-25, down by 1.6 per cent compared to ₹12,434 crore in the same quarter of the previous fiscal year, owing to uncertainty in the market leading to delays in decision-making and project ramp downs. Net profit also decreased marginally by 1.
2 per cent on a sequential basis compared to ₹12,380 crore in Q3. Net profit grew 5.7 per cent from ₹45,908 crore in FY24 to ₹48,553 crore in FY25.
It may be noted that the FY24 number includes a one-time legal claim. “We had spoken about the improving market sentiments and early signs of revival in discretionary spends in January, but this was not sustained due to many of the discussions around tariff,” said K Krithivasan, Chief Executive Officer and Managing Director. Read more Published on April 11, 2025.
