Tata Consultancy Services Limited
NSE Symbol TCS
TCS LTD has declared Excellent results for the first quarter ending June, 2011.
Ø Net Sales from Operations at Rs.10797.02 cr is higher by 31.39% from Q1 FY11, the corresponding qtr of last year. (6.3% QoQ)
Ø Incremental revenues of Rs.640 Cr in Q1 FY12.
Ø Employees Cost at Rs.4205.71 cr is higher by 38.39% from Q1 FY11.
Ø Total Expenditure is Rs.7972.10 cr – up by 33.55% from Q1 FY11.
Ø Profit from Operations at Rs.2824.92 cr – is higher by 25.67% from Q1 FY11. (QoQ growth 2%).
Ø Operating Margins at 26.1%
Ø Profit before tax at Rs.3114.34 cr is higher by 33.05% from Q1 FY11
Ø Net Profit at Rs.2440.49 cr is higher by 25.93% from Q1 FY11 (7.9% Growth QoQ)
Ø Dividend per share of Rs.1 FV : Rs.3
Ø Consolidated Net Profit at Rs.2414.76 cr – is higher by 26.69% from Q1 FY11.
Ø Basic EPS has gone up to Rs.12.32 in Q1 FY 12 from Rs.9.71 in Q1 FY11.
Ø Business High Lights for Q1 FY 12
Ø No.Of clients in the category of $50mn increased to 33 from 27
Ø Gross Addition of Employees 11,988 (Net :3,576)
Ø High Utilization Rate at 83.2% (Excluding Trainees)
Ø 24 new clients Added
Ø TCS has applied for 411 Patents including 69 during this qtr and has been granted 68 Patents.
Ø Total employee strength 202190. Attrition Rate is 14.8%.
On the basis of Q’EPS of Rs.12.32, the annualized EPS for FY 12 will be Rs.49.28. At current MP of Rs.1167, the PE Ratio comes to 23.68.
TCS has been adding Big clients at a steady rate. It has been improving its profitability, EPS and sales steadily. It has been a consistent Dividend distributor and Bonus issuer.
TCS is an excellent BUY for medium to long term Investors.
RESULTS TABLE:
| Q1FY12CS | ||
| Net Sales from Operations | 1079702 | 821,728.00 |
| Employees Cost | 420571 | 303,905.00 |
| Depreciation | 20793 | 16,153.00 |
| Other Expenditure | 355846 | 276,873.00 |
| Total Expenditure | 797210 | 596,931.00 |
| Profit from Operations | 282492 | 224,797.00 |
| Other Income | 29414 | 9,546.00 |
| Profit before Intt & EI | 311906 | 234,343.00 |
| Interest | 472 | 268 |
| Profit after Intt b/b ei | 311434 | 234,075.00 |
| Profit before tax | 311434 | 234,075.00 |
| Tax Expense | 67385 | 40,280.00 |
| Net Profit after tax | 244049 | 193,795.00 |
| Net Profit | 244049 | 193,795.00 |
| Minority Interest | 2573 | 3,158.00 |
| Shares of Associates | - | 30 |
| Consolidated Net Profit | 241476 | 190,607.00 |
| Face Value (in Rs.) | 1 | 1 |
| Paid-up Equity | 19572 | 19,572.00 |
| Basic EPS (in Rs.) | 12.32 | 9.71 |
| Public Shareholding (%) | 25.93 | 25.88 |
ANNOUNCEMENTS TO NSE
14-07-2011 fixed July 29, 2011 as the Record Date for the purpose of payment of Interim Dividend. Further, the Interim Dividend will be paid to the equity shareholders of the Company on August 11, 2011.
14-07-2011 press release dated July 14, 2011, titled "Strong business volumes drive Q1 performance".
14-07-2011 Tata Consultancy Services Limited has declared an Interim Dividend of Rs.3 per equity share of Re. 1 each of the Company.
14-07-2011 standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 861356 lacs for quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 206243 lacs for the quarter ending on 30-JUN-2011.
14-07-2011 consolidated Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 1079702 lacs for quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 241476 lacs for the quarter ending on 30-JUN-2011.
30-06-2011 press release dated June 30, 2011, titled "PostFinance, Switzerland to deploy integrated TCS BaNCS Banking Suite".
22-06-2011 press release dated June 22, 2011, titled "Everest Group Positions Tata Consultancy Services as a Leader in Banking Applications Outsourcing".
17-06-2011 press release dated June 17, 2011, titled "Independent Research Firm Positions Tata Consultancy Services As A Leader in Oracle Services Providers Report".
15-06-2011 press release dated June 15, 2011, titled " iON to power Razi healthcare To help in scaling up business and enhance customer experience".
01-06-2011 press release dated May 31, 2011, titled " Ahli Brokerage QSC selects TCS BaNCS to extend its brokerage footprint in the Middle East".
30-05-2011 press release dated May 30, 2011, titled " TCS BaNCS Unveils Next-Generation Treasury Solution; HDFC Bank to harness integrated platform for greater efficiency".
16-05-2011 press release dated May 16, 2011, titled "Tata Consultancy Services Cited as a Leader in SAP Services Providers Report By Independent Research Firm".
12-05-2011 press release dated May 12, 2011, titled "Tata Consultancy Services certified as Britain's "Top Employer"".
10-05-2011 press release dated May 10, 2011, titled "Tata Consultancy Services wins top European award for excellence".
04-05-2011 press release dated May 04, 2011, titled "Independent Research Firm Cites Tata Consultancy Services as a Leader in Global IT Infrastructure Outsourcing Report".
03-05-2011 press release dated May 03, 2011, titled "ABN AMRO Clearing to roll out TCS BaNCS Integrated Custody, Cash and Corporate Actions solution".
21-04-2011 Tata Consultancy Services Limited has recommended a Dividend of 11 paise on Redeemable Preference Share of Rs. 1 each of the Company for approval by the shareholders.
21-04-2011 "Strong 4th quarter concludes sterling financial year for Tata Consultancy Services".
21-04-2011 Tata Consultancy Services Limited has recommended a Final Dividend of Rs. 8 on Equity Share of Rs.1 each of the Company which shall be paid on the fourth day from the conclusion of the Annual General Meeting, subject to the approval of the shareholders of the Company.
21-04-2011 standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 2927541 lacs for year ending on 31-MAR-2011 against Rs. 2304445 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 756999 lacs for the year ending on 31-MAR-2011 against Rs. 561851 lacs for the year ending on 31-MAR-2010.
21-04-2011 consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 3732451 lacs for year ending on 31-MAR-2011 against Rs. 3002892 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 906804 lacs for the year ending on 31-MAR-2011 against Rs. 700064 lacs for the year ending on 31-MAR-2010.
01-04-2011 press release dated March 31, 2011, titled "Tata Consultancy Services to Provide End-to-End Application Development and Maintenance Services to Air Liquide in the Americas".
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