Tata Consultancy Services Q2FY18 consolidated net profit rises 8.6% qoq : In-line with Estimates

India Infoline Research Team | October 12, 2017 17:10 IST

Tata Consultancy Services Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 30,541 3.2
EBITDA 8,164 10.1
EBITDA Margin (%) 26.7 167
Net Profit (adjusted) 6,460 8.6
***EBITDA margin change is bps


Reco. Price


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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%

Technical View:

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 3,190.65 31.15 (0.99%)
NSE 3,191.15 32.05 (1.01%)

***Note: This is a NSE Chart



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