Tata Consultancy Services Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||26.7||167|
|Net Profit (adjusted)||6,460||8.6|
Tata Consultancy Services' reported consolidated results for the quarter were largely in-line with street estimates. Revenue for the quarter came in line with the estimated figure of Rs. 30356 crores. Net profit for the quarter came in 4.5% higher than the estimated figure of Rs. 6183 crores.
Tata Consultancy Services consolidated revenue for the quarter came in at Rs. 30541 crores, registering 3.2% QoQ increase. This was primarily driven by 3.7% QoQ rise in the income of banking, financial services & insurance. Also, 4.5% and 2.3% QoQ rise in the revenue of communication, media & technology and retail & consumer business segment respectively contributed in overall revenue growth.
EBITDA for the quarter rose by 10.1% QoQ to Rs. 8164 crores with a corresponding margin expansion of 167 bps. EBITDA margin for the quarter stood at 26.7%. This margin expansion was aided by decline in other operating expenses as proportionate to sales to 11.7% in the quarter from 13.1% in last quarter of same year.
The PAT for the quarter came in at Rs. 6460 crores, QoQ increase of 8.6%.
The board of the directors approved the dividend of Rs. 7 per share.
During the quarter company added 1 new client in USD 100 million+ band.
IT attrition for the quarter decline marginally by 0.3% to 11.3%
Tata Consultancy Services Ltd ended at Rs. 2,548.55, up by 48.05 points or 1.92% from its previous closing of Rs. 2,500.50 on the BSE.
The scrip opened at Rs. 2,501.05 and touched a high and low of Rs. 2,555 and Rs. 2,501.05 respectively. A total of 26,90,055(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
BSE 3,113.15 158.40 (5.36%)
NSE 3,116.40 157.10 (5.31%)
***Note: This is a NSE Chart
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