TCS reports PAT growth of 5.8 per cent QoQ
India’s largest software exporter, Tata Consultancy Services, reported its fourth quarter results of FY18 today.
TCS’ consolidated revenue for the quarter came in at Rs 32,075 crore, registering an increase of 3.79 per cent QoQ. TCS’ revenue came in line with the Reuters poll results that placed the revenue at Rs 31,669.2 crore.
The company’s banking, financial services and insurance vertical, which contributed around 39 per cent to total revenue in the quarter, registered growth of around 3.8 per cent QoQ.
Notably, TCS’ revenue from digital space increased 42.8 per cent YoY and accounts for 23.8 per cent of the total revenue.
The company's EBITDA for the quarter rose by 4.4 per cent QoQ to Rs 8,652 crore, with corresponding margin expansion of 16 bps. Its EBITDA margin for the quarter stood at 26.97 per cent.
The PAT for the quarter came in at Rs 6,925 crore, an increase of 5.81 per cent QoQ .
Looking at the full year numbers, we see that revenue increased marginally by 4.4 per cent to Rs 1,23,104 crore, while EBITDA remained flat at Rs 32,516 crore. Further, the company reported net profit of Rs 25,880 crore, down by 2 per cent YoY. The company’s management believes that the margin would remain in a stable range.
The company's employee attrition stood at 11 per cent, which is the lowest in the industry.
The board of directors of the company has recommended a final dividend of Rs 29 per equity share of Re 1 each, which will be paid on the fifth day from the conclusion of the Annual General Meeting, subject to the approval of the shareholders of the company. The Board of Directors also recommended bonus share issue of 1:1.