TCS Q4 results: Profit inches lower to Rs 8,049 crore, misses estimates; firm announces Rs 6 dividend

Tata Consultancy Services, India’s biggest IT company, on Thursday reported 0.94 per cent year-on-year (YoY) fall in profit (attributable to shareholders) at Rs 8,049 crore for the fourth quarter ended March 31. Analysts in an ET NOW poll had projected the figure at Rs 8,216 crore.

The board of the company also recommended a final dividend of Rs 6.

Consolidated revenue of the company increased 5 per cent on a yearly basis to Rs 39,946 crore.