TCS Announces Quarterly Results (2QFY20); Net Profit Up 1.7%

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TCS Announces Quarterly Results (2QFY20); Net Profit Up 1.7%
Mon, 14 Oct

TCS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

TCS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m368,540381,720389,7702.1%5.8%
Other incomeRs m7,30016,75013,610-18.7%86.4%
TurnoverRs m375,840398,470403,3801.2%7.3%
ExpensesRs m264,390281,350287,5202.2%8.7%
Gross profitRs m102,780100,370102,2501.9%-0.5%
DepreciationRs m5,0708,1708,6405.8%70.4%
InterestRs m1,3702,5701,930-24.9%40.9%
Profit before taxRs m103,640106,380105,290-1.0%1.6%
TaxRs m24,37024,85024,710-0.6%1.4%
Profit after taxRs m79,27081,53080,580-1.2%1.7%
Gross profit margin%27.926.326.2
Effective tax rate%23.523.423.5
Net profit margin%21.120.520.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.8% on a year-on-year (YoY) basis. The expenses were up by 8.7% YoY during the same period.
  • The company's operating profit declined by 0.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.2% in 2QFY20 as against 27.9% in 2QFY19.
  • Depreciation charges increased by 70.4% and finance costs increased by 40.9% YoY, respectively.
  • Other income increased by 86.4% YoY during the quarter.
  • Net profit for the quarter increased by 1.7% YoY. Net profit margins during the quarter declined from 21.1% in 2QFY19 to 20.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.2% QoQ during the same period.
  • The company's operating profit increased by 1.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.2% in 2QFY20 as against 26.3% in 1QFY19.
  • Net profit for the quarter declined by 1.2% QoQ, while net profit margins declined from 20.5% in 1QFY19 to 20.0% in 2QFY20.

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

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit
TCS Share Price Performance

Over the last one year,TCS share price has moved up from Rs 1,918.4 to Rs 1,981.2, registering a Gain of Rs 62.8 or around 3.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,283.8 (down 1.2%). Over the last one year it has moved up from 14,299.1 to 15,283.8, a gain of 985 points (up 6.9%).

Overall, the S&P BSE SENSEX is up 12.2% over the year.

Current Valuations

At the current price of Rs 1,981.2, the price to earnings (P/E) ratio of TCS stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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