TCS posts stellar numbers in Q3, net profit up 3.2% quarter-on-quarter

By: |
January 9, 2021 5:00 AM

In a quarter in which the software services major rolled out salary hikes, the operating profit margin expanded 0.4% q-o-q and 1.6% y-o-y. The company ends the quarter with cash balances of Rs 65,000 crore.

MD and CEO Rajesh Gopinathan said the company had seen broad-based growth across geographies and verticals.MD and CEO Rajesh Gopinathan said the company had seen broad-based growth across geographies and verticals.

TCS on Friday reported a spectacular set of numbers for Q3FY21, posting a net profit of Rs 8,701 crore, up 3.2% quarter-on-quarter and strong Ebit margins of 26.6%. In a seasonally weak quarter, the revenue of Rs 42,015 crore marked an increase of 4.1% sequentially in constant currency terms and 5.1% in dollar terms, the best Q3 growth in nine years. TCS won deals worth $6.8 billion during the quarter.

In a quarter in which the software services major rolled out salary hikes, the operating profit margin expanded 0.4% q-o-q and 1.6% y-o-y. The company ends the quarter with cash balances of Rs 65,000 crore.

MD and CEO Rajesh Gopinathan said the company had seen broad-based growth across geographies and verticals. “Our refocus and investments in new areas of technology is positioning us strongly across markets, including difficult markets like Europe, and differentiating us,” he said at a press conference. He added the business momentum was strong and expected to sustain through FY22.

Employee attrition at TCS hit a new all-time low of 7.6%. The consolidated headcount at December end was 4,69,261, while the net addition was 15,721.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Apple CEO Tim Cook says business in India still quite low relative to size of opportunity
2Apple revenue crosses $100 billion for first time as iPhone sales soar globally
3New supercomputer in Wyoming to rank among world’s fastest