Tata Consultancy Services : Q1 Results announced

 

TCS announced Q1 Results : Some highlights

• Company's Consolidated revenues for the quarter surged 18.5 per cent on-year to Rs. 45,411 crore. [ Revenue QoQ : 3.9% ]

• Reported a 28.5 per cent year-on-year growth in its consolidated net profit to Rs. 9,008 crore for the quarter ended June. [ Net profit QoQ : -2.57%]

• Consolidated operating margins expanded 190 basis points on a year-on-year basis to 25.5 per cent.

• The company’s order book again showed significant strength as it managed order wins worth $8.1 billion in the June quarter, a 17.3 per cent growth on year.

• TCS headcount Got increased by 20,409 in Q1.

• Recorded IT service Attrition Rate : 8.6% ( lowest in the industry )

• Dividend announced : Rs.7 / Share | Reco Date : 16th July 2021

• TCS revenue from its largest vertical i.e., Banking, Financial Services and Insurance (BFSI) recorded a Year on Year Growth of 19.3% and Quarter on Quarter Growth of 3.1%.

• Shares of TCS ended 0.56 per cent lower at Rs. 3,257 on the National Stock Exchange on 8th July.

This Quarterly Results were below the expectations of the Analysts.