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( 17 Oct 2019)
Tata Consultancy Q2 net profit up 13.33% at Rs 8636.00 cr

The company reported standalone net profit of Rs 8,636.00 crore for the quarter ended September 30, 2019 as compared to Rs 7620.00 crore in the same period last year, registering a year-on-year growth of 13.33 per cent.

Net revenue of the company rose by 5.18 per cent at Rs 32,387.00 crore in July-September quarter of this fiscal as against Rs 30,792.00 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 7.26 per cent to Rs 23,393.00 crore from Rs 21,810.00 crore in year ago period.

Other Income grew by 52.93 per cent at Rs 2,638.00 crore versus (Sep'18 Rs 1,725.00 crore).

Operating Profit surged by 0.13 per cent to Rs 8,994.00 crore as against Rs 8,982.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.80 per cent in September quarter.

Interest declined by 23.85 per cent y-o-y to Rs 99.00 crore, while Taxation decreased by 11.84 per cent at Rs 2,233.00 crore (Sep'18 Rs 2,533.00 crore).