Tata Conssultancy Service (TCS) declared its Q1 FY19 results on 10th July 2018. The result was way beyond the expectations of the market.
The company reported a net profit (on standalone basis) of Rs 7,362 crore for the quarter of Q1 FY19 which is a growth of 24% over the corresponding numbers (Rs 5950 crore) reported for quarter ending 30th June 2017.
All the IT services companies got a tailwind due to stronger dollar, but the TCS numbers are special due to the income from operations which was even higher than the March quarter's (Q4 FY18) number.
Eventhough, the Employees Benefit Expenses contitued to rise, the Company's revenue and income numbers look very impressive when compared with the last year's numbers and the numbers reported by the peers.
The basic EPS stood at Rs 6.51.
Standalone results for the quarter April-June 2018 (except for EPS, all the othet numbers are in Rs crores)
Segment wise breakup of Revenue and Profit Before Tax (PBT)
The Company is doing quite well in Banking, Financial Services and Insurance segment. All the other segments such as Manufacturing, Retail and Consumer Business and Communication, Media and Technology also did well to maintain healthy topline and bottomline numbers.
The result can be accessed from BSE's