IT major Tata Consultancy Services (TCS) announced its Q3 results on Tuesday post market hours. Earlier, shares of TCS closed 1.65 per cent down at Rs 2,324.05 on the BSE today.
IT major Tata Consultancy Services (TCS) announced its Q3 results on Tuesday post market hours. Earlier, shares of TCS closed 1.65 per cent down at Rs 2,324.05 on the BSE today. The scrip hit a new 52-week low of Rs 2,301.10 during the day. Here are the top 10 key takeaways from TCS Q3 results:
1) Net Profit: For the quarter ended December 2015, TCS posted a consolidated net profit of Rs 6,083.39 crore, up 14.18 per cent against Rs 5,327.55 crore in the corresponding quarter a year ago. Bottomline of TCS fell marginally 0.02 per cent on quarter-on-quarter basis. The company earned Rs 6,084.66 crore during July-September 2015.
2) Revenue: Income from operations of TCS jumped 11.7 per cent year-on-year to Rs 27,364.01 crore against Rs 24,501.14 crore in the same quarter last year.
3) Total Expenditure: Total expenditure of the company increased 12.38 per cent year-on-year at Rs 20,133.88 crore.
4) Dividend: TCS also declared an interim dividend of Rs 5.50 per equity share. The dividend will be paid to the equity shareholders of the company on January 29, 2016.
5) Comment from the CEO: In a BSE filing, N Chandrasekaran, CEO and MD, TCS said, “All our industry segments have exhibited growth in a traditionally weak quarter additionally accentuated by the impact of the Chennai foods. Our International business has grown smartly in constant currency terms with North America and Europe leading the way among major markets and Lating America among growth markets.”
6) Patents: As of December 31, 2015, the company has applied for 2,536 patents, including 90 applied during the quarter. Till date TCS has been granted 302 patents.
7) Human Resource: There was a total addition of 22,118 people taking total employee strength to 344,691 employees on consolidated basis. The attrition rate fell to 15.9 per cent.
8) Net Profit Margin: Net profit margin of TCS stood at 27.55 per cent at the end of the quarter under review. NPM figures stood at 30.16 per cent in the same quarter last year.
9) Key wins: During the quarter TCS has been selected by a major automobile manufacturer to deliver a unique engagement in robotics for its line of hybrid vehicle to enhance customer comfort. It was also selected by a leading insurance company to transform the customer and agent experience by creating a compelling multi-channel solution.
10 ) Performance so far (in FY16): Net profit of TCS jumped 10.77 per cent year-on-year for the nine months ended December 2015. During April-December 2015, the company earned Rs 17878.70 crore against Rs 16,139.51 crore in the same period last year.