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20 July, 2024 18:38 IST
TCS consolidated net profit rises 14% to Rs 96,240 mn in September 2021 quarter
Source: IRIS | 08 Oct, 2021, 09.51PM
Rating: NAN / 5 stars.
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Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, on October 8 reported a consolidated net profit of Rs 96,240 million for the quarter ended September 2021 (Q2FY22), registering a 14.1% year-on-year (YoY) growth. The profit was aided by broad-based demand and resilient margins.

The company's consolidated revenue during the July-September period stood at Rs 468,670 million, up 16.8% over a year-ago quarter. The revenue growth in constant currency came in at 15.5% YoY.

EBIT (earnings before interest and tax) margin came at 25.60% percent for the September 2021 quarter.

"The strong and sustained demand environment is a once-in-a-decade opportunity to position ourselves as the preferred growth and transformation partner for our customers," said Rajesh Gopinathan, Chief Executive Officer and Managing Director.

"We are using the growth tailwind to invest in strengthening relevant capabilities and building out a comprehensive portfolio of offerings that caters to a broader set of stakeholders in the enterprise across business cycles, strengthening our brand, and making our business more resilient. We believe this is the most sustainable pathway to create longer term value for all stakeholders," Gopinathan added.

IT major has added 19,690 employees on a net basis in the September quarter. At 11.9%, the attrition rate is one of the lowest in the industry, the company said.

TCS has announced a second interim dividend of Rs 7 per share, which will be paid to shareholders on Nov. 3, 2021.

Shares of the company gained Rs 42.70, or 1.10%, to settle  at  Rs 3,935.30.  The total volume of shares traded  was  97,634 at  the BSE (Friday).

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