Read on for a complete analysis of TCS's quarterly results. Sales on the other hand came in at Rs 454 bn (up 18.5% YoY). TCS Announces Quarterly Results (1QFY22) Net Profit Up 28.1% ( Quarterly Result Update) | Updated on Jul 22, 2021įor the quarter ended June 2021, TCS has posted a net profit of Rs 90 bn (up 28.1% YoY). Share price of the company witnessed upward rally in the last trading session even as share markets remained volatile. Why Subex Shares Rallied 32% in the Last Two Sessions? ( Company Info) Apr 22, 2021 Key takeaways from HCL Technologies Q4FY21 results. Why Did HCL Tech Shares Plunge Today? ( Company Info) Apr 26, 2021 Sales on the other hand came in at Rs 469 bn (up 16.8% YoY). TCS Announces Quarterly Results (2QFY22) Net Profit Up 28.6% ( Quarterly Result Update) | Updated on Oct 14, 2021įor the quarter ended September 2021, TCS has posted a net profit of Rs 97 bn (up 28.6% YoY). Also includes updates on the valuation of TCS.
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It includes a full income statement, balance sheet and cash flow analysis of TCS. Here's an analysis of the annual report of TCS for 2020-21. Related Views on News TCS 2020-21 Annual Report Analysis ( Annual Result Update) | Updated on Oct 22, 2021 15 Mistakes to Avoid while Investing in Stock Markets.10 Rules for Successful Long-Term Investing.Your Ultimate Guide to Penny Stock Investing.The target price implies an upside of 20% from today’s low.(Please do not use this option on a public machine) Improved demand environment over next 2-3 years with stable margin and industry-leading return ratios would support current valuation,” Yes Securities said. “Robust deal booking and growing share of digital revenue provide strong visibility about revenue and margin outlook. Yes Securities – Buyįocusing on the positives, analysts at Yes Securities highlighted that TCS has maintained operating margin in a tough environment. We cut our Fair Value by 3% while maintaining our ADD rating, valuing the stock at 32X September 2023E EPS,” they said. “TCS is better-positioned than peers to manage margin headwinds and participate in accelerated transformation spending. However, the brokerage firm said that the Revenue growth outlook remains undimmed by recent underperformance. Kotak Securities – AddĪnalysts at Kotak Securities highlighted that TCS missed their estimates due to a surprising moderation in growth in Continental Europe. The target price implies an upside of 25% from today’s low. “We expect TCS to continue to command valuation premium to its large-cap peers, on the back of its strong diversified profile, superior return profile (ROE of 38%), management stability and market leadership position,” they added. However, they added that they expect a strong performance in the coming quarters, and continue to believe that TCS can emerge stronger. The brokerage firm said that although TCS had a moderate quarter, investors are expected to be disappointed. The stock has today slipped below the target price set by Motilal Oswal. A miss on estimates in the second quarter, coupled with a soft margin outlook, can result in near term pressure on the stock,” they said. But high valuations leave limited room for disappointment. “We remain positive on the company, given its strong growth outlook. Should you buy or sell? Motilal Oswal – NeutralĪnalysts at Motilal Oswal said that although TCS reported in-line revenue growth, the USD revenue growth missed estimates. At the closing bell on Friday, TCS market cap was at Rs 14.55 lakh crore, however, on Monday morning the same was close to Rs 13.7 lakh crore. Today’s massive drop in the stock price has erased nearly Rs 1 lakh crore in market capitalization for TCS. So far this year, TCS share price is up 27%. Earnings before interest and taxation (EBIT) margins improved during the quarter to 25.6% from 23.2% earlier last year. Revenue of the company improved 16.8% from the previous year to Rs 48,867 crore. The IT major reported a net profit of Rs 9,624 crore during the previous quarter. The Tata Group company has also approved an interim dividend of Rs 7 per equity share for its shareholders. On Friday, TCS reported a 29% on-year growth in consolidated net profits for the July-September quarter. The IT major was the worst-performing stock on S&P BSE Sensex, while the benchmark index was nearing all-time highs. TCS share price hit an intra-day low of Rs 3,660 per share, 6.9%. TCS ( Tata Consultancy Services) share price tanked nearly 7% on Monday morning as investors reacted to the quarterly results of the second most valuable listed company in India.
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