1806 (3) 1803 (3) Var. (%) 1706 (3) Var. (%) 1803 (12) 1703 (12) Var. (%) Sales 34261 32075 7 29584 16 123104 117966 4 OPM (%) 26.5 27.0   25.1   26.4 27.4   OP 9071 8655 5 7413 22 32516 32311 1 Other inc. 1225 991 24 959 28 3642 4221 -14 PBIDT 10296 9646 7 8372 23 36158 36532 -1 Interest 17 12 42 27 -37 52 32 63 PBDT 10279 9634 7 8345 23 36106 36500 -1 Dep. 493 505 -2 499 -1 2014 1987 1 PBT 9786 9129 7 7846 25 34092 34513 -1 Tax 2424 2204 10 1896 28 8212 8156 1 PAT 7362 6925 6 5950 24 25880 26357 -2 MI 22 21 5 5 340 54 68 -21 Net Profit 7340 6904 6 5945 23 25826 26289 -2 EPS (Rs)* 76.7 72.1   62.1   67.4 68.6   * On post-bonus Paid up equity capital of Rs 383 crore, Face value Re 1, 
Figures in crore 
Source: Capitaline Databases
EO: Extraordinary items
EPS is adjusted after EO and relevant tax " />
single

Sequentially TCS registered a 4% rise in consolidated sales to Rs 37338 crore for the quarter ended December 2018.

OPM fell 170 basis points to 27.0% which saw OP fall 2% to Rs 10083 crore. OPM fell from 28.7% to 27.0% qoq due to net negative cross-currency impact on margins. Margins were also affected by 60bps increase in sub-con expenses while chasing growth and ~7,000 net new hires in Q3FY19. The management expects these expenses to normalize as it prepares itself better to service the deals it has won.

Other income jumped 59% to Rs 1163 crore and interest cost fell 88% to Rs 16 crore. After providing for depreciation (up 2% to Rs 519 crore), PBT went up 3% to Rs 10711 crore.

Provision for taxation grew 6% to Rs 2590 crore after which PAT grew 2% to Rs 8121 crore.

Minority interest (MI) fell 38% to Rs 16 crore. Thus net profit grew 3% to Rs 8108 crore.

YoY quarterly results

On yoy basis TCS registered 21% rise in sales. OPM improved 20 basis points which saw OP grow 22%. PBT jumped 24%and net profit went up 24%.

Nine months results

For the nine months TCS registered 19% rise in consolidated sales to Rs 108453 crore.

OPM improved 90 basis points to 27.1% which saw OP rise 23% to Rs 29432 crore.

Other income grew 18% to Rs 3118 crore and interest cost grew 325% to Rs 170 crore. After providing for depreciation (Rs 1519 crore against Rs 1509 crore), PBT went up 24% to Rs 30861 crore.

Provision for taxation grew 24% to Rs 7451 crore after which PAT grew 24% to Rs 23410 crore.

Minority interest (MI) grew 94% to Rs 64 crore. Thus net profit grew 23% to Rs 23346 crore.

Valuation

The stock trades at Rs 1888.

TCS: Consolidated Results

 

 

  1812 (3) 1809 (3) Var. (%) 1712 (3) Var. (%) 1812 (9) 1712 (9) Var. (%) 1803 (12) 1703 (12) Var. (%)
Sales 37338 35854 4 30904 21 108453 91029 19 123104 117966 4
OPM (%) 27.0 28.7   26.8   27.1 26.2   26.4 27.4  
OP 10083 10278 -2 8287 22 29432 23864 23 32516 32311 1
Other inc. 1163 730 59 870 34 3118 2648 18 3642 4221 -14
PBIDT 11246 11008 2 9157 23 32550 26512 23 36158 36532 -1
Interest 16 137 -88 6 167 170 40 325 52 32 63
PBDT 11230 10871 3 9151 23 32380 26472 22 36106 36500 -1
Dep. 519 507 2 506 3 1519 1509 1 2014 1987 1
PBT 10711 10364 3 8645 24 30861 24963 24 34092 34513 -1
Tax 2590 2437 6 2100 23 7451 6008 24 8212 8156 1
PAT 8121 7927 2 6545 24 23410 18955 24 25880 26357 -2
MI 16 26 -38 14 14 64 33 94 54 68 -21
Net Profit 8105 7901 3 6531 24 23346 18922 23 25826 26289 -2
EPS (Rs)* 86.5 84.3   69.7   83.0 67.3   68.9 70.1  
* 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

TAGS

TCS

0 thoughts on “TCS”

Post Comment


  Market Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule.

Get Intraday Tips / Delivery calls for FREE


View My Stats