TCS Announces Quarterly Results (1QFY22); Net Profit Up 28.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TCS Announces Quarterly Results (1QFY22); Net Profit Up 28.1%
Thu, 22 Jul

TCS has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

TCS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m383,220437,050454,1103.9%18.5%
Other incomeRs m5,9809,3107,210-22.6%20.6%
TurnoverRs m389,200446,360461,3203.4%18.5%
ExpensesRs m282,980309,040327,4806.0%15.7%
Gross profitRs m100,240128,010126,630-1.1%26.3%
DepreciationRs m9,76010,67010,7500.7%10.1%
InterestRs m1,4201,3801,4605.8%2.8%
Profit before taxRs m95,040125,270121,630-2.9%28.0%
TaxRs m24,55032,45031,320-3.5%27.6%
Profit after taxRs m70,49092,82090,310-2.7%28.1%
Gross profit margin%26.229.327.9
Effective tax rate%25.825.925.8
Net profit margin%18.120.819.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.5% on a year-on-year (YoY) basis. The expenses were up by 15.7% YoY during the same period.
  • The company's operating profit increased by 26.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY22 as against 26.2% in 1QFY21.
  • Depreciation charges increased by 10.1% and finance costs increased by 2.8% YoY, respectively.
  • Other income increased by 20.6% YoY during the quarter.
  • Net profit for the quarter increased by 28.1% YoY. Net profit margins during the quarter increased from 18.1% in 1QFY21 to 19.6% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
  • The company's operating profit declined by 1.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.9% in 1QFY22 as against 29.3% in 4QFY21.
  • Net profit for the quarter declined by 2.7% QoQ, while net profit margins declined from 20.8% in 4QFY21 to 19.6% in 1QFY22.

To see how TCS has performed over the last eight quarters,please visit here.

REVEALED: Details of 3 "Super Smallcap" Stocks Nobody Tells You About...

TCS Share Price Performance

Over the last one year, TCS share price has moved up from Rs 2,190.0 to Rs 3,215.0, registering a Gain of Rs 1,025.1 or around 46.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 30,487.2 (up 1.9%). Over the last one year it has moved up from 17,254.7 to 30,487.2, a gain of 13,233 points (up 76.7%).

Overall, the S&P BSE SENSEX is up 41.2% over the year.

Current Valuations

At the current price of Rs 3,215.0, the price to earnings (P/E) ratio of TCS stands at 34.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.8 times.

Equitymaster requests your view! Post a comment on "TCS Announces Quarterly Results (1QFY22); Net Profit Up 28.1%". Click here!

  

Related Views on News

TCS 2020-21 Annual Report Analysis (Annual Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

Here's an analysis of the annual report of TCS for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of TCS. Also includes updates on the valuation of TCS.

TCS Announces Quarterly Results (3QFY21); Net Profit Up 7.2% (Quarterly Result Update)

Jan 11, 2021 | Updated on Jan 11, 2021

For the quarter ended December 2020, TCS has posted a net profit of Rs 87 bn (up 7.2% YoY). Sales on the other hand came in at Rs 420 bn (up 5.4% YoY). Read on for a complete analysis of TCS's quarterly results.

TCS Announces Quarterly Results (2QFY21); Net Profit Down 6.9% (Quarterly Result Update)

Oct 8, 2020 | Updated on Oct 8, 2020

For the quarter ended September 2020, TCS has posted a net profit of Rs 75 bn (down 6.9% YoY). Sales on the other hand came in at Rs 401 bn (up 3.0% YoY). Read on for a complete analysis of TCS's quarterly results.

Why Did HCL Tech Shares Plunge Today? (Company Info)

Apr 26, 2021

Key takeaways from HCL Technologies Q4FY21 results.

Why Subex Shares Rallied 32% in the Last Two Sessions? (Company Info)

Apr 22, 2021

Share price of the company witnessed upward rally in the last trading session even as share markets remained volatile.

More Views on News

Most Popular

Sansera Engineering IPO: Key Points to Consider(Views On News)

Sep 8, 2021

This IPO is a pure OFS and the company is looking to raise Rs 12.8 bn at the upper price band of Rs 744.

5 Stocks that Turned Rs 1 Lakh into Rs 1 Crore(Views On News)

Sep 7, 2021

Patience is one of the biggest virtues you need to have if you want to become a crorepati in the stock market.

The Top Stocks to Sell in this Bull Market(Profit Hunter)

Sep 8, 2021

When I saw the list of so-called 'value stocks' published by a leading brokerage, my worst fears came true.

5 Indian Companies that are Leading the AI Race(Views On News)

Sep 9, 2021

During the pandemic, India reported the highest increase in the use of AI at 45% compared to other major economies. AI has potential to add US$90 bn to the Indian economy by 2025.

Revenge Travel is Here. 9 Stocks Likely to Benefit(Views On News)

Sep 4, 2021

The term 'revenge travel' refers to the desire of going on a vacation after an extended period of lockdown.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TCS SHARE PRICE


Sep 17, 2021 01:20 PM

TRACK TCS

COMPARE TCS WITH

MARKET STATS