TCS

TCS slipped sharply after opening with smart gains, the stock erased all its early gains and ended lower by 2.8% at Rs790. The company reported its consolidated financial results according to Indian GAAP for the quarter and financial year ended March 2010.
For the fourth quarter ended 31st March 2010, net profit stood at Rs20.01bn up 50.1% YoY and 9.7% QoQ. The revenue stood at Rs77.38bn up 7.9% YoY and 1.17% QoQ. The operating profit stood at Rs21.65bn up by 29.1% YoY. For the financial year ended 31st March 2010, net profit stood at Rs70.01bn up 33% and operating profit stood at Rs80.18bn up by 21.91%.