TATA CONSULTANCY SERVICES
CONSOLIDATED RESULTS
FOR Q3 FY 2011
TCS has produced an excellent set of consolidated results for Q3 FY 2011.
NET SALES at Rs.9663 cr is up by 4.06% from previous quarter and up by 26.34% from corresponding quarter of last year.
TCS outperformed its peer Infosys Technologies , which reported about 14 per cent growth in its quarterly numbers, announced on January 13.
Its operating Margins are near historical high at 28%. The volume growth is 5.7% and is lead by mature markets.
Its operating profit at Rs.2,707 Cr is up QOQ by 5% and by 29% YOY.
It has added 35 New clients (However, INFY has added more clients in the qtr).
TCS is again declaring Qtrly dividend of Rs.2 per share.
TCS CEO and MD N.Chandrasekharan says…Demand environment continues to be strong and we are focused on helping our customers become more efficient and plan for growth.
Growth was led by USA and Europe with strong contributions from Asia Pacific, Middle east and Africa.
Its financial Product TCS BANCS continues to exhibit double digit growth.
The CONSOLIDATED NET PROFIT at Rs.2370 Cr – is higher by 9.25% from previous quarter and by 29.93% from corresponding quarter of last year.
Basic EPS(in Rs.) is Rs.12.08 against Rs. 11.06 in previous quarter and Rs.9.31 in corresponding quarter of last year.
The performance of TCS as No.1 IT services provider in India continues to be of STELLAR quality.
However, it must be said that INFY has also declared results much in line with its earlier guidance, though growth rate is less than that of TCS in Q3. Since the client addition is good for both the biggies, Q4 could be much better for both.
Consolidated results of Q3 FY11,Q2 FY 10 and Q3 FY10.
| Q3 FY11 | |||
| Net Sales | 966335 | 928639 | 764853 |
| Dif%1 | 9663 | 4.06 | 26.34 |
| Employees Cost | 355223 | 341119 | 271180 |
| Depreciation | 18839 | 17246 | 16791 |
| Other Expenditure | 321146 | 309903 | 266399 |
| Total Expenditure | 695208 | 668268 | 554370 |
| Profit from Operations | 271127 | 260371 | 210483 |
| Other Income | 19421 | 7075 | 6551 |
| Interest | 487 | 1528 | 366 |
| Profit before tax | 290061 | 265918 | 216668 |
| Tax Expense | 50414 | 46014 | 32252 |
| Net Profit | 239647 | 219904 | 184416 |
| Minority Interest | 2664 | 2983 | 2026 |
| Consol. Net Profit | 236983 | 216921 | 182390 |
| Dif% 2 | 2370 | 9.25 | 29.93 |
| Face Value (in Rs.) | 1 | 1 | 1 |
| Paid-up Equity | 19572 | 19572 | 19572 |
| Basic EPS(in Rs.) | 12.08 | 11.06 | 9.31 |
| Public holding (%) | 25.95 | 25.99 | 25.87 |
ANNOUNCEMENTS
TO THE EXCHANGE
17-01-2011 Tata Consultancy Services Limited has informed the Exchange that the Third Interim Dividend will be paid to the equity shareholders of the Company on February 11, 2011.
17-01-2011 Tata Consultancy Services Limited has informed the Exchange that the Company has fixed January 28, 2011 as the Record Date for the purpose of payment of Interim Dividend.
17-01-2011 Tata Consultancy Services Limited has informed the Exchange that the Board Of Directors of the Company at its meeting held on January 17, 2011, have declared a 3rd Interim Dividend of Rs. 2 per equity share of Re. 1 each.
17-01-2011 Tata Consultancy Services Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 762726 lacs for quarter ending on 31-DEC-2010 against Rs. 726745 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 205175 lacs for the quarter ending on 31-DEC-2010 against Rs. 181265 lacs for the quarter ending on 30-SEP-2010.
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