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TCS Announces Quarterly Results (4QFY18); Net Profit Up 4.6%

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TCS Announces Quarterly Results (4QFY18); Net Profit Up 4.6%
Fri, 18 May

TCS has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

TCS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m296,420309,040320,7503.8%8.2%
Other incomeRs m9,9708,7009,94014.3%-0.3%
TurnoverRs m306,390317,740330,6904.1%7.9%
ExpensesRs m215,100226,170234,2303.6%8.9%
Gross profitRs m81,32082,87086,5204.4%6.4%
DepreciationRs m5,0505,0605,050-0.2%0.0%
InterestRs m8060120100.0%50.0%
Profit before taxRs m86,16086,45091,2905.6%6.0%
TaxRs m19,94021,00022,0405.0%10.5%
Profit after taxRs m66,22065,45069,2505.8%4.6%
Gross profit margin%272727
Effective tax rate%232424
Net profit margin%222121

Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.2% on a year-on-year (YoY) basis. The expenses were up by 8.9% YoY during the same period.
  • The company's operating profit increased by 6.4% YoY during the quarter. Consequently, operating profit margins witnessed a declined and stood at 27.0% in 4QFY18 as against 27.4% in 4QFY17.
  • Depreciation charges and finance costs increased by 0.0% YoY and 50.0% YoY, respectively.
  • Other income declined by 0.3% YoY during the quarter.
  • Net profit for the quarter increased by 4.6% YoY. Net profit margins during the quarter declined from 21.6% in 4QFY17 to 20.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.6% QoQ during the same period.
  • The company's operating profit increased by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a increased and stood at 27.0% in 4QFY18 as against 26.8% in 3QFY17.
  • Net profit for the quarter increased by 5.8% QoQ, while net profit margins increased from 20.8% in 3QFY17 to 20.9% in 4QFY18.

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

TCS Share Price Performance

Over the last one year, TCS share price has moved up from Rs 2,534.1 to Rs 3,489.0, registering a Gain of Rs 954.9 or around 37.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,204.4 (down 0.3%). Over the last one year it has moved up from 10,188.6 to 13,204.4, a gain of 3,015.8 points (up 29.6%).

Overall, the S&P BSE SENSEX is down 0.9% over the year.

Current Valuations

At the current price of Rs 3,489.0, the price to earnings (P/E) ratio of TCS stands at 26.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.0 times.

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