TCS Share Q2 Results

TCS Reports 29% Growth in Net Profit at Rs.9,653 Crore

by 5paisa Research Team Last Updated: Dec 13, 2022 - 01:45 pm 50.3k Views
Listen icon

It was another robust quarter for TCS, India’s largest and most valuable software company and the second most valuable company on the stock exchange after RIL. TCS reported 16.77% growth in total sales at Rs.46,867 crore for the Sep-21 quarter. The sales were also higher on a sequential basis, albeit at a more moderate level of 3.21%. There was all-round growth seen across all verticals of the company.

Here is a gist of the top line, bottom line and margin numbers for Sep-21 quarter:

 

TCS Ltd

 

 

 

 

Rs in Crore

Sep-21

Sep-20

YOY

Jun-21

QOQ

Total Income (Rs cr)

₹ 46,867

₹ 40,135

16.77%

₹ 45,411

3.21%

Operating Profit (Rs cr)

₹ 12,000

₹ 10,515

14.12%

₹ 11,588

3.56%

Net Profit (Rs cr)

₹ 9,653

₹ 7,504

28.64%

₹ 9,031

6.89%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 26.02

₹ 19.93

 

₹ 24.35

 

OPM

25.60%

26.20%

 

25.52%

 

Net Margins

20.60%

18.70%

 

19.89%

 

Data Source: Company Filings
 

Here are some of the highlights of the results announced by TCS for the Sep-21 quarter.


A) North America has driven TCS top line not only in terms of volumes but also in terms growth, showing 17.4% YoY growth in constant currency terms.

B) Among other markets, while UK grew by 15.6%, continental Europe grew at 13.5% yoy. Among the emerging markets, India showed the best growth traction at 20.6%.

C) Growth was a lot more decisive in terms of specific verticals. Manufacturing led the way at 21.7%, followed by life sciences growing 19% and retail at 18.4%. The BFSI growth at 17% is less of a trigger to growth compared to other verticals. 

D) Operating margins or OPM remained steady at 25.6%, but was certainly slightly lower by 60 bps on a yoy basis. The net margins crossed 20% for the first time in the last few quarters. 

E) The premium client segment of $100 million plus continues to be the high profile focus area for this business. TCS added 5 clients in the $100 million plus bulge bracket and also enjoyed a healthy net cash from operations at 103% of net income. 

Unlike the other IT companies like Infosys, Wipro and HCL Tech; TCS does not provide guidance on earnings. But it is one more quarter of top line and bottom line surprising on the upside.

Also Read:- 

TCS crosses $200 billion market capitalization

TCS Share Q1 Results

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

oda_gif_reasons_colorful

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Mukka Proteins IPO Allotment Status

About the Mukka Proteins Ltd IPO The stock of Mukka Proteins Ltd has a face value of ₹1 per share and the price band for the book building IPO has been set in the range of ₹26 to ₹28 per share. The Mukka Proteins IPO will be entirely a fresh issue of shares with no offer for sale (OFS) component. A fresh issue tends to bring in fresh funds into the company, but is also EPS and equity dilutive.

M.V.K. Agro Food Product IPO Allotment Status

Building blocks of the M.V.K. Agro Food Product Ltd IPO The stock of M.V.K. Agro Food Product Ltd has a face value of ₹10 per share and it is a fixed price issue. The price for the book building issue is set at ₹120 per share. Being a fixed price IPO, the question of price discovery does not arise in this case. The M.V.K.

Amazon is set to take on Meesho with its Amazon Bazaar

The battle of the giants in Indian e-commerce is heating up as Amazon is set to challenge local favorites like Meesho and Flipkart's Shopsy with its latest venture, Amazon Bazaar.  In a bid to tap into the burgeoning market of value-conscious consumers, the global giant Amazon is set to disrupt it with its new venture.