TCS Q4 net zooms over 50 per cent to Rs2,001 crore

Information technology major Tata Consultancy Services (TCS) today reported fourth quarter net profit of Rs2,001 crore, which is up 50.1 per cent year-on-year and up 9.7 per cent quarter-on-quarter. Net margin was up 201 bps sequentially at 25.9 per cent.

TCS said its consolidated net profit rose to Rs7,001 crore in the 2009-10 financial year on the back of the strong fourth quarter performance.

Operating profits for the fourth quarter was up 29.1 per cent year-on-year and 3.0 per cent quarter-on-quarter, at Rs2,165 crore. Operating margins were up 51 bps sequentially at 28.0 per cent.

Fourth quarter revenues were up 7.9 per cent year-on-year and up 1.17 per cent quarter-over-quarter at Rs7,738 crore. Business volume rose 4.9 per cent during the quarter.

The company declared total FY10 dividend of Rs20 per share, including Rs4 as final dividend and Rs10 per share as special dividend (proposed), an FY10 EPS of Rs35.67.

The total dividend payout ratio works out to 65.6 per cent.
 
For the financial year 2009-10, TCS saw its operating profits rise 21.91 per cent to Rs8,018 crore, even as operating margins rose 304 bps to 26.7 per cent.