InvestorQ : How did you find the TCS results announced on 08 July? Was there pressure on growth?
diksha shah made post

How did you find the TCS results announced on 08 July? Was there pressure on growth?

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Mahima Roy answered.
4 weeks ago
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Prima facie, there was good growth seen in top line across key verticals. Most key markets including the US, UK and Continental Europe showed 3.5% to 4% sequential growth, but the big fall of 14.5% in revenues came from India. On 08 Jul, TCS announced strong yoy growth but sequentially lower operating profits and net profits for the Jun-21 quarter. However, its robust order book position at $8.1 billion and low attrition at 8.6% are positives.

For the Jun-21 quarter, TCS reported 18.5% growth in net sales at Rs.45,411 crore and a 28.54% growth in net profits at Rs.9,008 crore. While the EBITDA margin stayed above the 25% mark in the Jun-21 quarter, it was nearly 133 bps lower than the sequential Mar-21 quarter. The operating profits were lower than analyst expectations on sequential basis, but a 16.6% constant currency growth in sales revenues is appreciable at this this base.
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