TCS Q4 consolidated PAT up at Rs. 6925 crores

TATA CONSULTANCY SERVICES LTD. has reported financial results for the period ended March 31, 2018.

The company has reported net sales of Rs.33069 crores during the period ended March 31, 2018 as compared to Rs.30639 crores during the period ended March 31, 2017.

The company has posted net profit of Rs.6925 crores for the period ended March 31, 2018 as against Rs.6622 crores for the period ended March 31, 2017.

The company has reported EPS of Rs.36.07 for the period ended March 31, 2018 as compared to Rs.33.52 for the period ended March 31, 2017.

The company has reported net sales of Rs.1267.46 crores during the 12 months period ended March 31, 2018 as compared to Rs.1221.87 crores during the 12 months period ended March 31, 2017.

The company has posted net profit of Rs.25880 crores for the 12 months period ended March 31, 2018 as against Rs.26357 crores for the 12 months period ended March 31, 2017.

The company has reported EPS of Rs.134.19 for the 12 months period ended March 31, 2018 as compared to Rs.133.41 for the 12 months period ended March 31, 2017.

Commenting on the 04 performance, Rajesh Gopinathan, CEO and MD, said: "Strong demand in digital across all industry verticals and large transformational deal wins have made this one of our best fourth quarters In recent years. The strong exit allows us to start the new fiscal on a confident note."

Mr Gopinathan added: "As customers move forward in their Business 4.0 journeys, TCS Is helping them leverage digital technologies to drive their growth and transformation agendas. The multiple mega-deals that we won this year are evidence that TCS is their preferred partner in such strategically important initiatives. By pioneering methodologies like the Machine First Delivery Model (MFDM™) and Location Independent Agile, we are upholding the spirit of innovation and leading change that has been a hallmark of TCS' fifty year history."

N. Ganapathy Subramaniam, Chief Operating Officer & Executive Director, said: "We are executing on our Business 4.0 strategy and that is paying off very well. Our participation in our customers' digital spending is expanding ahead of the industry. Six of our industry verticals grew above the company average in FY 18, four of them growing double digits. Strong deal wins and a good pipeline positions us very well in the new fiscal."

V. Ramakrishnan, Chief Financial Officer, said: "Disciplined execution delivered an all-time high cash conversion in Q4. We stayed geared for higher growth, and continued to invest in our people and in the business. With revenue growth improving, and our digital business scaling up, we expect our margins to remain in a stable range."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3190.65 as compared to the previous close of Rs. 3159.5. The total number of shares traded during the day was 102072 in over 6361 trades.

The stock hit an intraday high of Rs. 3215 and intraday low of 3166.3. The net turnover during the day was Rs. 325872013.

Source : Equity Bulls

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