Tata Consultancy Services Limited = RESULTS = Q3 FY 2012 = Q/E DEC,2011 = NET SALES UP 37% YOY= OPT UP 42.33% YOY= C-NPT UP 18.27%YOY = FOREX LOSS REDUCES PROFITS

Tata Consultancy Services Limited

NSE Symbol        TCS

TCS has declared its consolidated Results for the 3^rd quarter ending Dec,2011.

Net Sales has gone up to Rs.13203.99 cr  in the current Qtr of Q3 FY 12 -  compared to the previous qtr of Q2 FY 12 of Rs.11633.49 cr(Up by 13.50%); and  Rs.9663.35 cr (Up by 36.64%) in corresponding Qtr of Q3 FY 11. Thus, Net sales has gone up in a robust manner in the quarter.

Total Expenditure        has gone up in current Qtr to Rs.9345.01 cr – compared to Rs.    8481.15 cr (Up by 10.19%) in previous qtr  and Rs.6952.08 Cr (Up by 34.42%) in corresponding qtr.

Profit from Operations has increased robustly to Rs.3858.98 cr in current Qtr – from Rs.3152.34 cr (Up by    22.42%) in previous qtr – and Rs.2711.27 Cr (Up by 42.33%) in corresponding Qtr.

Other Income has however come down sharply to -87.28 cr in current Qtr  - from Rs.122.69 cr in previous qtr (a fall of -171.14%) and Rs.194.21 cr in corresponding Qtr (down by -144.94%).

Other Income (Consolidated) for the quarter and 9 m/e Dec,2011 includes Fgn Exchange loss of Rs.300.81 Cr and Rs.301.15 cr respectively – against previous period Net gain of Rs.52.16 Cr and a loss of Rs.38.79 lakhs respectively.

Profit before tax  has therefore come down to Rs.3766.84 cr in current Qtr – from Rs.3265.39 (Up by 15.36%) in previous qtr – and Rs.2900.61 (Up by 29.86%) in corresponding Qtr.

Tax Expense stands at Rs.930.81 cr in current Qtr – compared to Rs.937.73 cr (down by -0.74%) in previous qtr – and Rs.504.14 cr (Up by a huge 84.63%) in the corresponding Qtr.

Net Profit       stands at Rs.2836.03 cr in current Qtr – compared to Rs.2327.66 cr (up by 21.84%) in previous Qtr – and Rs.2396.47 Cr (Up by 18.34%) in corresponding Qtr.

Minority Interest stands at Rs.33.26 cr in current Qtr – compared to Rs.26.66 Cr (Up by 24.76%) in previous Qtr – and Rs.26.64 cr (Up by 24.85%) in corresponding Qtr.

Consolidated Net Profit      stands at Rs.2802.77 cr in current Qtr – compared to Rs.2301 Cr (Up by 21.81%) in previous Qtr; and Rs.2369.83 Cr (Up by 18.27%) in corresponding Qtr.

Paid-up Equity stands at Rs.195.72 cr.

Interim Dividend of Rs.3 per share of FV of Rs.1.

On a Face Value of Rs.1, Basic EPS for current Qtr stands at Rs.14.3 – compared to Rs.11.74 in previous Qtr; and Rs.12.08 in corresponding Qtr. For Q1 FY 12 – EPS was Rs.12.32.

Thus, the annual EPS for FY 12 works out to Rs.52.66.

Current MP is Rs.1105.25 while the 52 week High Price is Rs.1246.95 and the 52 week low price is Rs.902.

 The PE Ratio comes to Rs.20.99.

While the Overall Profitability has improved significantly, the Foreign Exchange loss of Rs.300 cr has brought down the net result considerably from Expectations.

TCS' operating margin in the third quarter was up 218 basis points at 29.2%.

TCS added 40 new clients in the third quarter and signed 10 large deals during the quarter. The number of USD 100 million clients rose to 14 from 12, it said.

TCS net added 11,981 employees in Oct-Dec and had 226,751 employees as of Dec 31. It plans to add 15,000 employees in the current quarter.

CONSOLIDATED RESULTS TABLE

TCS-CONSOL	Q3FY12	Q2FY12	%DIF 1	Q3FY11	%DIF2
Net Sales	1320399	1,163,349.00	13.50	966,335.00	36.64
Employees Cost	481815	448,426.00	7.45	355,223.00	35.64
Depreciation	23483	23,177.00	1.32	18,839.00	24.65
Other Expenditure	429203	376,512.00	13.99	321,146.00	33.65
Total Expenditure	934501	848,115.00	10.19	695,208.00	34.42
Profit from Operations	385898	315,234.00	22.42	271,127.00	42.33
Other Income	-8728	12,269.00	-171.14	19,421.00	-144.94
Interest	486	964	-49.59	487	-0.21
Profit before tax	376684	326,539.00	15.36	290,061.00	29.86
Tax Expense	93081	93,773.00	-0.74	50,414.00	84.63
Net Profit	283603	232,766.00	21.84	239,647.00	18.34
Minority Interest	3326	2,666.00	24.76	2,664.00	24.85
Consolidated Net Profit	280277	230,100.00	21.81	236,983.00	18.27
Face Value (in Rs.)	1	1	0.00	1	0
Paid-up Equity	19572	19,572.00	0.00	19,572.00	0
Basic EPS(Rs.)	14.3	11.74	21.81	12.08	18.38
Public holding (%)	25.92	25.92	0.00	25.95

ANNOUNCEMENTS BY TCS

17-01-2012          Tata Consultancy Services Press Release dated January 17, 2012, titled "Broad-based growth drives Revenues to Rs.13,204 crore; up 13.5% Q-o-Q, 36.6% Y-o-Y".

17-01-2012          Tata Consultancy Services have declared a Third Interim Dividend of Rs.3 per Equity Share of Rs.1 each of the Company.

17-01-2012          Tata Consultancy Services - standalone Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 1054403 lacs for quarter ending on 31-DEC-2011 against Rs. 932924 lacs for the quarter ending on 30-SEP-2011. Net Profit / (Loss) of Rs. 316810 lacs for the quarter ending on 31-DEC-2011 against Rs. 318711 lacs for the quarter ending on 30-SEP-2011.

17-01-2012          Tata Consultancy Services consolidated Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 1320399 lacs for quarter ending on 31-DEC-2011 against Rs. 1163349 lacs for the quarter ending on 30-SEP-2011. Net Profit / (Loss) of Rs. 280277 lacs for the quarter ending on 31-DEC-2011 against Rs. 230100 lacs for the quarter ending on 30-SEP-2011.

19-12-2011          "TCS to set up large software development campus in Nagpur."

07-12-2011          "TCS Ranked as Leader in Life Science R&D IT Outsourcing Market by Leading Analyst Firm".

17-11-2011          "Tata Consultancy Services, in Cooperation with SAP, Launches AURA Dealer Business Management Service for Automotive Retailers".

15-11-2011          "Everest Group Positions TCS as a Leader in Insurance Applications Outsourcing".

09-11-2011          "Diligenta wins $2.2 billion (£1.37 billion) contract with Friends Life".

01-11-2011          " Tata Consultancy Services Awarded "Supplier of the Year" by Owens Corning".

24-10-2011          "Scotwest and Capital Credit Unions, Uk Selects TCS BaNCS Core Banking to transform IT".

20-10-2011          "CUA appoints TCS BaNCS for Online Banking Platform transformation".

19-10-2011          "Tata Consultancy Services Ranked World's 7th Greenest Company in Newsweek's Green Rankings 2011 Global 500 List".

13-10-2011          "TCS named a Leader in Analyst Firm's Magic Quadrant for International Retail Core Banking 2011".

13-10-2011          "Tata Consultancy Services ranked 3rd among global providers of financial technology".

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