TCS reports 8 per cent QoQ PAT growth

India’s largest software exporter, Tata Consultancy Services reported its Q2FY19 numbers on Thursday. 

The IT behemoth's consolidated revenue for the quarter came in at Rs. 36854 crores, registering 7.57 per cent QoQ increase. This was primarily driven by revenue growth in BFSI (up by 6.1 per cent vs 4.1 per cent in Q1) and Retail & CPG (up by 15.6 per cent vs 12.8 per cent in Q1). Other verticals which reported strong growth were: Energy & Utilities (up by 22.2 per cent) and Life Sciences & Healthcare (up by 14.7 per cent). 

EBITDA for the quarter rose by 13.31 per cent QoQ to Rs. 10,278 crores with a corresponding margin expansion of 141 bps. EBITDA margin for the quarter stood at 27.9 per cent.  PAT for the quarter came in at Rs. 7,927 crores, QoQ increase of 7.67 per cent. 

The company’s board of directors have declared second interim dividend of Rs. 4 per equity share of FV Re. 1. Record date for paying this dividend is October 24, 2018 and it will be paid on October 30, 2018.