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HomeTechTCS Q1 Results: Profit rises 5% YoY to Rs 9,478 crore, misses...

TCS Q1 Results: Profit rises 5% YoY to Rs 9,478 crore, misses estimates


NEW DELHI: () on Friday reported a 5.21 per cent year-on-year (YoY) rise in consolidated net profit at Rs 9,478 crore in the June quarter compared with Rs 9,008 crore in the same quarter last year.


An ET NOW poll of analysts had anticipated the profit figure at Rs 9,910 crore.

Consolidated revenue for the quarter grew 16.2 per cent YoY to Rs 52,758 crore compared with Rs 45,411 crore in the year-ago quarter, the company said in a BSE filing. Constant currency revenue growth stood at 15.5 per cent YoY. There was no detail on the dollar revenue growth in the earnings report.

Ebit margin stood at 23.1 per cent in the June quarter compared with 25 per cent in the March quarter and 25.5 per cent in the June quarter last year.

The company said its order book stood at $8.2 billion. The company said it added nine new clients to the 100 million-plus band YoY while 19 clients were added to the $50 million-plus band.

Chief Executive Officer and Managing Director, Rajesh Gopinathan, said: “We are starting the new fiscal year on a strong note, with all-around growth and strong deal wins across all our segments. Pipeline velocity and deal closures continue to be strong, but we remain vigilant given the macro-level uncertainties.”

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The headcount addition by the IT firm stood at 14,136 for the quarter, taking the total workforce strength to 6,06,331. The last twelve month IT services attrition rate stood at 19.7 per cent, the company said.

The board of the IT firm has announced an interim dividend of Rs 8 per share.

Among verticals, growth was led by retail and CPG (25.1 per cent), communications & media (up 19.6 per cent), manufacturing vertical (up 16.4 per cent) and technology & services (up 16.4 per cent).

The BFSI vertical grew 13.9 per cent, while Life Sciences and Healthcare vertical saw growth of 11.9 per cent. In terms of geographies, North America led the growth at 19.1 per cent; continental Europe grew 12.1 per cent, and the UK saw a growth of 12.6 per cent. In emerging markets, India grew 20.8 per cent, Asia Pacific, 6.2 per cent, Latin America grew 21.6 per cent, and the Middle East & Africa grew 3.2 per cent.

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