Q2 Results: TCS’ Profit Rises After Margin Hits Seven-Quarter High

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Tata Consultancy Services (TCS) Q2 FY 19 net profit up 7.6% QoQ at Rs 7,901 crore, its EBIT stands at Rs 9,771.4 crore. Digital revenues contribute to 28 percent of the company’s total revenues.

n intra-day trade, the stock touched a high of Rs.137.55, a level last seen on 3 July. At 10.51am, NTPC was trading at Rs.134.85 on the BSE, up 5.5% from its previous close, while India’s benchmark Sensex index rose 0.35% to 26,931.38 points.

The company’s net profit rose 40% in the September quarter to Rs.2,898.28 crore as compared to Rs.2,071.63 crore a year ago. Net sales rose 6.9% from a year ago to Rs.17,722.90 crore.

According to a poll by 20 Bloomberg analysts, the company expected to post a net profit of Rs.2,022.40 crore and net sales of Rs.18,166.30 crore.

Finance cost rose 22% from a year ago to Rs.814.53 crore, while other income fell 48.1% to Rs.275.39 crore.

A report by Antique Stock Broking has maintained a “buy” rating on the stock with a target of Rs.168 a share.

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