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Stock Report
TCS beats the street, announces Q2 net profit at Rs.1018.68 Crores
Posted On : 2006-10-16 10:44:22( TIMEZONE : IST )
Tata Consultancy Services Ltd (TCS) has announced the following Audited results for the quarter ended September 30, 2006:
The Company has posted a net profit after taxes of Rs 9313.20 million for the quarter ended September 30, 2006 where as the same at Rs 6203.20 million for the quarter ended September 30, 2005. Total Income is Rs 36838.70 million for the quarter ended September 30, 2006 where as the same was at Rs 25013.00 million for the quarter ended September 30, 2005.
The Consolidated Results are as follows:
The Group has posted a net profit for the period Rs 10186.80 million for the quarter ended September 30, 2006 where as the same was at Rs 6937.10 million for the quarter ended September 30, 2005. Total Income is Rs 45139.20 million for the quarter ended September 30, 2006 where as the same was at Rs 29660.50 million for the quarter ended September 30, 2005.
Comparative figures do not include the figures of the erstwhile Tata Infotech Ltd, Airline Financial Support Services (India) Ltd, TCS Business Transformation Solutions Ltd and Aviation Software Development Consultancy India Ltd, which were amalgamated with the Company retrospectively with effect from April 01, 2005 consequent to the Schemes of Amalgamations of these Companies becoming effective on February 01, 2006. Consequently, the comparative figures are not comparable with the figures for the quarter and six month period ended September 30, 2006.
Further the Company has informed that, the Board of Directors has declared a Second Interim Dividend of Rs 3.00 per equity share of Re 1/- each of the Company.
Commenting on Q2 performance, CEO and MD of the Company, S Ramadorai said: "TCS had a dynamic quarter with a continuous focus on profitable growth, driven by strong International demand, an increasing number of large customers as well as a healthy addition of 58 new accounts. There is tremendous scope to continue to increase our share of wallet with our top 50 customers using our full-services play."
