TCS Q1FY17 consolidated net profit declines 0.37% qoq to Rs.6317 crore : In line with Estimates

India Infoline News Service | Mumbai | July 14, 2016 18:02 IST

Company’s revenue stood at Rs. 29,305 crore rising 3.01% qoq and 14.17% yoy

TCS India’s largest IT service company ,reported consolidated net profit of Rs. 6, 317 crore for the quarter ended 30th June,2016 registering a decline of 0.37% qoq, but growth of rising 9.91% yoy.

Company’s revenue stood at Rs. 29,305 crore rising 3.01% qoq and 14.17% yoy. It’s consolidated operating profit of Rs.7837 crore for the quarter declining 0.89% QoQ and rising 8.83% YoY. Operating profit margin for the current quarter at 26.74% declining 105bps qoq and 131bps yoy. 

On standalone basis, the company reported a net profit of
Rs. 5,778 crore for the current quarter rising 0.92% and 2.57% yoy. It’s revenue stood at Rs. 23,087 crore rising 3.72% qoq and 13.46% yoy.
TCS  operating profit of Rs. 6,807 crore for the quarter, rose 1.64% qoq and 4.84% yoy. Operating profit margin for the current quarter came in at 29.48 % expanding   61bps qoq and 243bps yoy.

Result Highlights: (Rs. in crore)

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 29305 29314 [0.03]
Consolidated Net Profit 6317 6138 2.91

Standalone EPS for the quarter stood at Rs.29.32

Corporate Action:

Company declared interim dividend of Rs 6.50/ share. 

Stock Commentary:

Tata Consultancy Services Ltd ended at Rs. 2520.3, up by Rs. 28.9 or 1.16% from its previous closing of Rs. 2491.4 on the BSE.

The scrip opened at Rs. 2488.5 and touched a high and low of Rs. 2526.85 and Rs. 2472.05 respectively. A total of 1441134(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 490912.42 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2498 and Rs. 2404.5 respectively.

The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 22 % and 4.58 % respectively.

The stock traded below its 50 DMA.

***Note: This is a NSE Chart



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