TCS’s valuation fell 3.82% this week, and fell 242,9546 crore on Friday (April 11) to close at 3,238 rupees.
TCS News: TCS, India’s largest IT services company, recently announced that it will postpone employee wage hikes planned to begin in April 2025. Tata Group cited global economic uncertainty and tariff issues for the decision, saying it would decide on its salary this year. During this period, TATA Consulting Services (TCS) lost Rs 24.295 crore in the market cap during the week during the April 7-11 holiday. Indian stock market closed for Shri Mahavir Jayanti on Thursday (April 10). TCS’s valuation fell by Rs 24,29546 crore to Rs 11,69,474.43 crore during the company’s stock period (April 11)) to close at Rs 3,238. This week, the BSE benchmark Sensex fell 207.43 points or 0.27%. NSE Nifty fell 75.9 points or 0.33%.
“We will decide to hike in the year due to the uncertain environment. It can depend on the business at any time,” TCS Chief Human Resources Officer Milind Lakkad said on Thursday. He added: “Fresh hiring will be similar, or it may be higher in FY26.” Meanwhile, TCS CEO and MD K Krithivasan talked about U.S. tariffs. He believes that the uncertainty about the impact of tariffs that affect the sector will be “temporary” and expects it to be resolved within the “month”.
TCS results
On Thursday, TCS also reported that consolidated net profit fell 1.68% to Rs 12.224 crore in the quarter in March 2025. It reported total revenue of Rs 644,799 crore in fiscal 25, a 5.3% increase over the same period last year. TCS’ net profit rose 5.76% year-on-year to Rs 485,53 crore in the full fiscal year. The IT heavyweight heavyweight had a maximum annual growth rate of 255% at Rs 2,55,324 crore, with the highest annual online growth of 25.99%. TCS’ fourth quarter report card is in the midst of the global economic cloud we are now triggering, and the tariff posture has put the world in a wet position.
(Input with PTI)
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