InvestorQ : Can you tell me your quick view on the quarterly results of TCS for the September 2022 quarter?
Arusha Ray made post

Can you tell me your quick view on the quarterly results of TCS for the September 2022 quarter?

Answer
image
1 month ago
Follow

For Q2FY23 quarter ended September 2022, TCS reported 18% growth in total revenues at Rs55,309cr. In constant currency terms (in dollar terms) the revenue growth was 15.4%. Let us now turn to the key verticals. Retail showed 22.9% growth in top line in constant currency (CC) terms while the CMI vertical saw 18.7% constant currency growth. Let us not turn to geographies. North American led growth at 17.6% in constant currency terms yoy while UK and Europe grew at 14.8% and 14.1% respectively. TCS order book at the close of September 2022 stood at $8.1 billion, but attrition stays elevated at 21.5%.

 

Tata Consultancy Services

 

 

 

 

Rs in Crore

Sep-22

Sep-21

YOY

Jun-22

QOQ

Total Income (Rs cr)

₹ 55,309

₹ 46,867

18.01%

₹ 52,758

4.84%

Operating Profit (Rs cr)

₹ 13,131

₹ 11,858

10.74%

₹ 11,987

9.54%

Net Profit (Rs cr)

₹ 10,431

₹ 9,624

8.39%

₹ 9,478

10.05%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 28.51

₹ 26.02

 

₹ 25.90

 

OPM

23.74%

25.30%

 

22.72%

 

Net Margins

18.86%

20.53%

 

17.97%

 

 

Let us turn to profitability now. PAT for September 2022 quarter grew 8.4% at Rs10,431 crore on improved operating performance. The all-important operating margins were sequentially higher at 24%, but still lower on yoy basis.  Total cash generated from operations stood at an impressive Rs10,675 crore. PAT margins improved to 18.86% in the Sep-22 quarter compared to 17.97% in the Jun-22 quarter; but tapered on a yoy basis compared to last year. Higher manpower and operating costs continued to exert pressure. TCS board has approved interim dividend of Rs8 per share.

4 Views