TCS posts stable results in Q1FY19

TCS has posted stable results in Q1FY19 over the previous quarter, aided by strong turnaround in the BFSI segment.

The total revenue for the quarter grew by 15 per cent QoQ to Rs 29,368 crore in Q1FY19 as against Rs 25,570 in Q4FY18. The constant currency growth stood at Rs 9.3 per cent YoY and 4.1 per cent QoQ. The BFSI vertical growth accelerated to 3.7 per cent QoQ and 4.1 per cent YoY.

The EBITDA for the quarter grew by 12 per cent QoQ to Rs 8388 crore in Q1FY19 versus Rs 7489 crore in Q4FY18. The EBITDA margin for the quarter contracted marginally by 70 bps QoQ. This was largely due to the increase of 7 per cent QoQ in employee benefit expenses.

The net profit for the quarter rose 5.6 per cent QoQ and 7.1 per cent YoY to Rs 7136 crore in Q1FY19 as compared to Rs 6756 crore in Q4FY18. Across the segments, north America bounced back with 7 per cent increase, while the UK and European markets witnessed decline of 18 per cent each.

The stock closed 0.56 per cent down at Rs 1877.