TCS reports consolidated PAT of Rs. 9008 crores in Q1FY22

TATA CONSULTANCY SERVICES LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.46132 crores during the period ended June 30, 2021 as compared to Rs.44636 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.9008 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.9246 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.24.35 for the period ended June 30, 2021 as compared to Rs.24.97 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 46132 crs	₹ 44636 crs	3.35%
Net Profit	₹ 9008 crs	₹ 9246 crs	-2.57%
EPS	₹ 24.35	₹ 24.97	-2.48%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.46132 crores during the period ended June 30, 2021 as compared to Rs.38920 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.9008 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.7008 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.24.35 for the period ended June 30, 2021 as compared to Rs.18.68 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 46132 crs	₹ 38920 crs	18.53%
Net Profit	₹ 9008 crs	₹ 7008 crs	28.54%
EPS	₹ 24.35	₹ 18.68	30.35%

Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: "I am humbled that in a personally challenging quarter to many, TCSers demonstrated phenomenal character in helping each other, be meaningful to the communities and delivered on our commitments to clients. On that backdrop, our business in North America, BFSI and Retail all showed an appreciable growth which underlines the resilience of our operating model, relevance of our offerings and above all, the passion and dedication of our associates. Given the variants of the virus and fears of a potential third wave, we are watchful of the emerging situation and remain optimistic of the opportunities in our core markets and verticals. We are well positioned and operating diligently to participate in them aggressively."

N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, said: "We overcame the challenges posed by the second wave of Covid-19 in India taking some practical approaches and am satisfied that the delivery of all our client engagements was kept on track. We once again had a superior quarter with a TCV of $8.1 billion which is broad based across markets and verticals. Our G+T themes are seeing traction in the market place and we are delighted to sign our largest SaaS deal ever for the TCS BaNCS Global Banking Platform on the cloud during the quarter."

Samir Seksaria, Chief Financial Officer, said: "We crossed the $6 billion milestone in quarterly revenue this quarter. In addition to our annual salary increase and promotions, we undertook one of the largest vaccination drives in the private sector. Despite this and headwinds in regional markets, we expanded our Q1 operating margin year on year, reflecting the inherent resilience of our business model. Looking ahead, we stay focused on making the right investments to power our expansion in the growth and transformation opportunity, while sustaining our industry-leading profitability."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3257.1 as compared to the previous close of Rs. 3275.3. The total number of shares traded during the day was 98504 in over 10981 trades.

The stock hit an intraday high of Rs. 3296.95 and intraday low of 3232.3. The net turnover during the day was Rs. 321649618.

Source : Equity Bulls

Keywords