Sequentially TCS sales stagnated at Rs 38172 crore against Rs 28010 crore for the quarter ended June 2019.
OPM fell 20 basis points to 26.3% which saw OP stagnant at Rs 10037 crore.
Other income grew 40% to Rs 1675 crore and interest cost rose 818% to Rs 257 crore. After providing for depreciation (up 52% to Rs 817 crore), PBT fell 1% to Rs 10638 crore.
Provision for taxation fell 3% to Rs 2485 crore, after which PAT stagnated at Rs 8153 crore against Rs 8152 crore.
Minority interest (MI) fell 15% to Rs 22 crore. Thus net profit stood at Rs 8131 crore against Rs 8126 crore.
YoY quarterly results
On yoy basis TCS registered 11% rise in sales. OPM fell 20 basis points which saw OP grow 11%. PBT grew 9% and net profit was up 11%.
FY 2019 results
In FY 2019 TCS registered 19% rise in consolidated sales to Rs 146463 crore.
OPM improved 60 basis points to 27.0% which saw OP rise 21% to Rs 39506 crore.
PBT went up 22% to Rs 41563 crore.
Minority interest (MI) grew 67% to Rs 90 crore. Thus net profit grew 22% to Rs 31472 crore.
Valuation
The stock trades at Rs 2131.
TCS: Consolidated Results
| 1906 (3) | 1903 (3) | Var. (%) | 1806 (3) | Var. (%) | 1903 (12) | 1803 (12) | Var. (%) | |
| Sales | 38172 | 38010 | 0 | 34261 | 11 | 146463 | 123104 | 19 |
| OPM (%) | 26.3 | 26.5 | 26.5 | 27.0 | 26.4 | |||
| OP | 10037 | 10074 | 0 | 9071 | 11 | 39506 | 32516 | 21 |
| Other inc. | 1675 | 1193 | 40 | 1225 | 37 | 4311 | 3642 | 18 |
| PBIDT | 11712 | 11267 | 4 | 10296 | 14 | 43817 | 36158 | 21 |
| Interest | 257 | 28 | 818 | 17 | 1412 | 198 | 52 | 281 |
| PBDT | 11455 | 11239 | 2 | 10279 | 11 | 43619 | 36106 | 21 |
| Dep. | 817 | 537 | 52 | 493 | 66 | 2056 | 2014 | 2 |
| PBT | 10638 | 10702 | -1 | 9786 | 9 | 41563 | 34092 | 22 |
| Tax | 2485 | 2550 | -3 | 2424 | 3 | 10001 | 8212 | 22 |
| PAT | 8153 | 8152 | 0 | 7362 | 11 | 31562 | 25880 | 22 |
| MI | 22 | 26 | -15 | 22 | 0 | 90 | 54 | 67 |
| Net Profit | 8131 | 8126 | 0 | 7340 | 11 | 31472 | 25826 | 22 |
| EPS (Rs)* | 86.7 | 86.7 | 78.3 | 83.9 | 68.9 | |||
| * Paid up equity capital of Rs 375 crore, Face value Re 1, Figures in crore Source: Capitaline Databases EO: Extraordinary items EPS is adjusted after EO and relevant tax |
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