Sequentially TCS registered a 2% rise in consolidated sales to Rs 38010 crore for the quarter ended March 2019.
OPM fell 50 basis points to 26.5% which saw OP stagnant at Rs 10074 crore. Margin was down 50 bps qoq on a reported basis, but remained largely in line, adjusting for a one-time charge of about Rs 220 crore toward the payment for an electoral trust.
Other income grew 3% to Rs 1193 crore and interest cost rose 75% to Rs 28 crore. After providing for depreciation (up 3% to Rs 537 crore), PBT stagnated at Rs 10702 crore.
Provision for taxation fell 2% to Rs 2550 crore, after which PAT stagnated at Rs 8152 crore.
Minority interest (MI) rose 63% to Rs 26 crore. Thus net profit stood at Rs 8126 crore against Rs 8105 crore.
YoY quarterly results
On yoy basis TCS registered 19% rise in sales. OPM fell 50 basis points which saw OP grow 16%. PBT jumped 17%and net profit went up 18%.
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.
Other income grew 18% to Rs 4311 crore and interest cost grew 281% to Rs 198 crore. After providing for depreciation (up 2% to Rs 2056 crore), PBT went up 22% to Rs 41563 crore.
Provision for taxation grew 22% to Rs 10001 crore after which PAT grew 22% to Rs 31562 crore.
Minority interest (MI) grew 67% to Rs 90 crore. Thus net profit grew 22% to Rs 31472 crore.
The stock trades at Rs 2014.
TCS: Consolidated Results
|1903 (3)||1812 (3)||Var. (%)||1803 (3)||Var. (%)||1903 (12)||1803 (12)||Var. (%)|
|* 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