This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter.

TCS gifts 11 bonus shares to investors declares total dividend of Rs 50 per share
Atom IT Friday, April 20, 2018 - 10:09

Tata Consultancy Services (TCS) on Thursday announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18.

"The Board of Directors recommend 1:1 bonus share issue to the shareholders," said the city-based IT major in a regulatory filing on the BSE.

The company also declared total dividend of Rs 50 per share, including Rs 29 per share final dividend and Rs 21 interim dividend for the fiscal under review (FY 2018), which translates into a record 5,000 per cent per annum.

"Rs 26,800 crore of cash has been returned to shareholders in dividends and buyback during the fiscal," added the company in the filing.

The company's blue-chip scrip of Re 1 face value gained Rs 31.15 to end at Rs 3,190.65 per share on the BSE on Thursday from Wednesday's closing price of Rs3,159.50 and opening price of Rs 3,175. The scrip touched a high of Rs 3,215 and a low of Rs 3,166.30 in intra-trading sessions during the day.

This comes after TCS on Thursday reported a 4.6% increase in consolidated net profit for the fourth quarter (Q4) annually but declined 1.8 per cent yearly for fiscal 2017-18 in rupee terms.

In a regulatory filing on the BSE, the IT major said net profit for Q4 at Rs 6,925 crore was up 4.6 per cent from Rs 6,622 crore in the same period year ago and up 5.8 per cent sequentially from Rs 6,545 crore quarter ago.

"Consolidated net profit for the fiscal under review (FY 2018) declined 1.8 per cent annually to Rs 25,826 crore from Rs 26,289 crore in fiscal 2016-17," it said in the filing.

Under the International Financial Reporting Standards (IFRS), net income for Q4 grew 7.9 per cent annually to $1,070 million from $992 million in the like period year ago and 5.7 per cent sequentially from $1,012 million quarter ago.

For the fiscal under review, net income under IFRS grew 2.3 per cent YoY to $4,005 million from $3,917 million in FY 2017.

Consolidated revenue for Q4 grew 8.2 per cent to Rs 32,075 crore from Rs 29,642 crore in same period year ago and 3.8 per cent sequentially from Rs 30,075 crore quarter ago.

Revenue for FY 2018 grew 4.4 per cent to Rs 1,23,104 crore from Rs 117.966 crore in FY 2017.

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