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TCS Q4 net down 33%
By agencies
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Tuesday, 19 April 2005, 19:30 IST
MUMBAI: Tata Consultancy Services Limited (TCS) today announced a net profit of Rs 471 crore for the quarter ended March 31, 2005.
In the corresponding period in the previous fiscal, the net stood at Rs 709.30 crore.
Total income for the reporting quarter has increased from Rs 2,578.4 crore to Rs 2,604 crore for the quarter ended March 31, 2005.
The company has also declared a dividend of Rs 5 per share.
The consolidated results are as follows:
The Group has posted a net profit of 
471.79 crore for the quarter ended March 31, 2005. Total Income is 2561.04 crore for the quarter.
The Group has posted a net profit of 1976.9 crore for the year ended March 31, 2005 where the same was at 6.67 crore for the year ended March 31, 2004. Total Income is 9824.36 crore for the year ended March 31, 2005 where as the same was Rs 4.29 crore in FY-04.
Transfer of the TCS Division of Tata Sons Ltd ("the TCS Division")
(a) In terms of the Scheme of Arrangement as sanctioned by the High Court of Judicature at Bombay, the TCS Division has been transferred to and vested in the company as a going concern with effect from April 01, 2004, which is the Appointed Date under the Scheme.
(b) Previous years figures are not comparable, as it does not include the TCS Division, which was transferred to the company with effect from April 01, 2004.
The Board of Directors has recommended a final dividend of 5 per equity share of Re.1 each of the company for approval by shareholders of the company at the forthcoming Annual General Meeting of the company. This would be in addition to the First Interim Dividend of 3 per share and the Second Interim Dividend of 3.50 per share paid during the year.
Further the company has informed that the company's wholly owned subsidiary in Sweden, Tata Consultancy Services Sverige AB, will be acquiring 100 percent stake in Swedish IT Resources AB ('SITAR'), a sales and marketing partner of the TCS.
471.79 crore for the quarter ended March 31, 2005. Total Income is 2561.04 crore for the quarter.
The Group has posted a net profit of 1976.9 crore for the year ended March 31, 2005 where the same was at 6.67 crore for the year ended March 31, 2004. Total Income is 9824.36 crore for the year ended March 31, 2005 where as the same was Rs 4.29 crore in FY-04.
Transfer of the TCS Division of Tata Sons Ltd ("the TCS Division")
(a) In terms of the Scheme of Arrangement as sanctioned by the High Court of Judicature at Bombay, the TCS Division has been transferred to and vested in the company as a going concern with effect from April 01, 2004, which is the Appointed Date under the Scheme.
(b) Previous years figures are not comparable, as it does not include the TCS Division, which was transferred to the company with effect from April 01, 2004.
The Board of Directors has recommended a final dividend of 5 per equity share of Re.1 each of the company for approval by shareholders of the company at the forthcoming Annual General Meeting of the company. This would be in addition to the First Interim Dividend of 3 per share and the Second Interim Dividend of 3.50 per share paid during the year.
Further the company has informed that the company's wholly owned subsidiary in Sweden, Tata Consultancy Services Sverige AB, will be acquiring 100 percent stake in Swedish IT Resources AB ('SITAR'), a sales and marketing partner of the TCS.