TCS Share Q2 Results
Last Updated: 13th December 2022 - 01:45 pm
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
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