Tata Consultancy Services (TCS), reported 26.7% rise in its consolidated net profit at Rs 2,415 crore and revenue growth of 31.4% to Rs 10,797 crore for the first quarter ended June 30, 2011. Sequentially the profit has declined as the company had posted Rs 2,623 crore profit in Q4 of fiscal year 2011.
The board has proposed a dividend of Rs 3 a piece on shares of the face value of Re 1.
During the June quarter, the company added 3,576 employees, taking the total headcount to 2,02,190 as on June 30.
For fiscal year 2012 the company is expected to do an EPS of approximately Rs. 55 on consolidated basis. Hence at the current market price of Rs. 1125 the stock is currently trading at a PE multiple of 20.5 times based on FY-12 earning per share.