18 Jan 2020 | 9:32 PM


Tata Consultancy Q2 net profit up 13.33% at Rs 8636.00 cr
  Tata Consultancy Services Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-17-2019
The company reported standalone net profit of Rs 8636.00 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 32387.00 crore in July-September quarter of this fiscal as against Rs 30792.00 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 7.26 per cent to Rs 23393.00 crore from Rs 21810.00 crore in year ago period.

Other Income grew by 52.93 per cent at Rs 2638.00 crore versus (Sep`18 Rs 1725.00 crore).

Operating Profit surged by 0.13 per cent to Rs 8994.00 crore as against Rs 8982.00 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 2233.00 crore (Sep`18 Rs 2533.00 crore).