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

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TCS Announces Quarterly Results (3QFY21); Net Profit Up 7.2%
Mon, 11 Jan

TCS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TCS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m398,540401,350420,1504.7%5.4%
Other incomeRs m8,1809,1406,910-24.4%-15.5%
TurnoverRs m406,720410,490427,0604.0%5.0%
ExpensesRs m289,830298,400298,070-0.1%2.8%
Gross profitRs m108,710102,950122,08018.6%12.3%
DepreciationRs m8,9709,98010,2402.6%14.2%
InterestRs m2,2301,7401,8305.2%-17.9%
Profit before taxRs m105,690100,370116,92016.5%10.6%
TaxRs m24,26025,33029,65017.1%22.2%
Profit after taxRs m81,43075,04087,27016.3%7.2%
Gross profit margin%27.325.729.1
Effective tax rate%23.025.225.4
Net profit margin%20.018.320.4
* 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 5.4% on a year-on-year (YoY) basis. The expenses were up by 2.8% YoY during the same period.
  • The company's operating profit increased by 12.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 3QFY21 as against 27.3% in 3QFY20.
  • Depreciation charges increased by 14.2% and finance costs declined by 17.9% YoY, respectively.
  • Other income declined by 15.5% YoY during the quarter.
  • Net profit for the quarter increased by 7.2% YoY. Net profit margins during the quarter increased from 20.0% in 3QFY20 to 20.4% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.1% QoQ during the same period.
  • The company's operating profit increased by 18.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 3QFY21 as against 25.7% in 2QFY20.
  • Net profit for the quarter increased by 16.3% QoQ, while net profit margins increased from 18.3% in 2QFY20 to 20.4% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

TCS Share Price Performance

Over the last one year, TCS share price has moved up from Rs 2,213.9 to Rs 3,120.4, registering a Gain of Rs 906.5 or around 40.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 25,836.0 (up 3.6%). Over the last one year it has moved up from 15,760.5 to 25,836.0, a gain of 10,076 points (up 63.9%).

Overall, the S&P BSE SENSEX is up 19.9% over the year.

Current Valuations

At the current price of Rs 3,120.4, the price to earnings (P/E) ratio of TCS stands at 38.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.2 times.

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