TCS
ANNUAL REPORT FOR FY 2012
SUMMARY / REVIEW (POST 1)
ANNUAL
REPORTS of Large Companies like TCS run
into hundreds of Pages and contain Highly Useful Information on the Past, the
present as well as the future. It is difficult to present complete Report or
even a good portion of it in a Blog Post.
TCS is currently the No.1 in Indian IT
Industry – and is confident of remaining so in future too. Hence, the essence of its Annual Report is
presented here in 2 parts – (i)
containing the financial Information and (2) containing important info on
trends.
Here is the first part :
It
has been another milestone year for TCS in 2011-12 - made all the more
memorable with TCS achieving the $10-billion
mark in revenue this financial year. On a consolidated basis, revenue for
2011-12 grew by 31% to Rs.48,894 Cr ($10.17 billion). The Net Profits grew by 15% to Rs.10,413
Cr.
Dividend payout
is Rs.25 per share including Rs.8 proposed as final dividend and Rs.8 proposed
as special dividend - (previous
year Rs.14 per share) on the capital of 1,95,72,20,996 equity shares of Rs.1
each. .
EPS increased to Rs.53.07.
TCS Consolidated
Details
: 2011-12 : 2010-11 : % DIF
Revenue from operations : 48,893.83 : 37,324.51
:31
Operating expenditure : 34,458.52 : 26,146.15 31.79
Depreciation and amortization : 917.94 : 735.26 :
24.85
Operating profit : 13,517.37 : 10,443.10 : 29.44
Interest expense : 22.23 : 26.48 : -16.05
Other income (net) : 428.17 : 604 : -29.11
Profit before tax : 13,923.31 : 1,020.62 : 26.34
Provision for tax : 3,399.86 : 1,830.83 : 85.7
Minority interest + share of loss of
associate : 109.96 : 121.75 : -9.68
Profit for the year : 10,413.49 : 9,068.04 : 14.84
Balance b/f from previous year : 18,635.05 : 13,604.84
: 36.97
Amount available for appropriation : 29,048.54
: 22,672.88 : 28.12
Appropriations
Interim dividends on equity shares : 1,761.49
: 1,174.32 : 50
Proposed final dividend on equity shares
(including special dividend) : 3,131.55 : 1,565.78 : 100
Total dividend on equity shares (a + b) : 4,893.04 : 2,740.10 : 78.57
Proposed dividend on redeemable preference
shares : 22 : 11 : 100
Tax on dividend : 806.86 : 459.15 : 75.73
General reserve : 1,166.10 : 827.58 : 40.9
Balance carried to balance sheet : 22,160.54
: 18,635.05 : 18.92
VALUE
CREATION :- EPS + MARKET CAPITALIZATION :
Earnings
per share, after adjusting for two 1:1 bonus Market capitalization crossed Rs.2,29,000
Crs on issues, went up from Rs.11.84 in FY 2005 to Rs.53.07, in March 31, 2012.
Compared to the listing price, capital appreciation of a share, post two 1:1
bonus issues is more than - 4.5 times in eight years.
TREND
OF REVENUE :- Revenue
grew to a record high of Rs. 48,894 Crs (USD 10.17 billion) in fiscal 2012 –
growth of five times in eight years.
GROWTH
IN GEOGRAPHIC REVENUE :- Over the last 8 years, CAGR in Americas and
Europe has been more than 25%. CAGR in emerging markets such as Asia Pacific and
Middle East & Africa has been more than 35%.
EARNING
TRENDS :- Earnings before interest, tax, depreciation
and amortisation (EBITDA) excluding other income have grown by more than five
times in the last eight years. Profitability has been one of the focus areas of TCS,
as reflected in the EBITDA margin.
CONSOLIDATED
FINANCIAL RESULTS – SUMMARY
Revenue of TCS aggregated Rs.48,893.83 Crs in FY
2012 (Rs.37,324.51 Crs in FY 2011), registering a growth of 31.00%. TCS had the
distinction of being the first Indian IT company to cross the USD 10 billion
revenue milestone in fiscal 2012.
Earnings
before interest, taxes, depreciation, and amortisation (EBITDA) excluding other income aggregated Rs.14,435.31
Crs in FY2012 (Rs.11,178.36 Crs in FY 2011) – a growth of 29.14%.
Profit
before tax (PBT)
aggregated Rs.13,923.31 Crs in FY2012 (Rs.11,020.62 Crs in FY2011)– a growth of
26.34%.
Net
profit after tax (PAT)
for FY 2012 aggregated Rs.10,413.49 Crs (Rs.9,068.04 Crs in FY 2011) – a growth of 14.84%. TCS is the first Indian IT
company, which has crossed Rs.10,000 Crs of PAT in a year.
Consolidated
earnings per share (EPS)
were Rs.53.07 in FY 2012 (Rs.46.27 in FY 2011)
Out of the total revenue of TCS, 92% was
earned in foreign currencies. FY 2012 witnessed strong volatility in exchange
rates particularly affecting USD, GBP and Euro. Net impact of such strong
volatility in exchange rates on revenue of TCS has been a positive variance of
7.99% in FY 2012.
In FY 2012, the consolidated revenue of the Company
has crossed USD 10 billion, the first IT Company in India to achieve this feat.
Service lines BPO, IT IS, Enterprise Solutions as well as the industry vertical
Retail and CPG have individually crossed the USD 1 billion milestone in
revenue.
Balance in statement of profit and loss as at
March 31, 2012 was at Rs.22,160.54 Crs (Rs.18,635.05 Crs as at March 31, 2011)
after appropriation towards equity dividend (interim and proposed final
dividend), preference dividend, tax on dividends and transfer to general
reserves.
Reserves and surplus at the end of fiscal 2012
stood at Rs.29,283.51 Crs, an increase of 20.96% over Rs.24,209.09 Crs at the
end of FY 2011.
COMMENTS :-
TCS is one INDIAN IT company which has displayed tremendous hope on
future performance. The FY 2012 performance is excellent – and is clearly that
of the No.1 in the Indian IT Industry. The financial performance of the company
can be seen in this Post. Many other details – indicating its FUTURISITIC, and
FAST FORWARD mode of preparation and the likely results thereof in future - can be seen in Post.2. Based on all this,
one can expect that TCS will repeat its Growth Momentum in FY 13 too easily.
See these “OTHER DETAILS” in the next Post at
:-
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