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TCS Net Profit Rises to Rs 5,328 Crore in Third Quarter

EBIT margin, which is a measure of profitability, came in at 26.88 per cent against estimates of 27 per cent. TCS had guided for an EBIT margin between 26-28 per cent.
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TCS Net Profit Rises to Rs 5,328 Crore in Third Quarter

India's biggest IT outsourcer TCS reported 1.6 per cent sequential growth in its net profit to Rs 5,328 crore for the quarter ending December 31, 2014, which was in-line with the Street estimates.

TCS revenue in the quarter came in at Rs 24,501 crore, up 2.87 per cent sequentially.

Analysts polled by NDTV had estimated its net profit at Rs 5,462 crore on sales of Rs 24,540 crore.

TCS had reported a net profit of Rs 5244 crore on revenue of Rs 23,816 crore in the September quarter of fiscal year 2014-15.

EBIT margin, which is a measure of profitability, came in at 26.88 per cent against estimates of 27 per cent. TCS had guided for an EBIT margin between 26-28 per cent.

TCS shares ended 0.80 per cent higher at Rs 2,542.05 apiece, underperforming the broader Nifty, which closed 2.62 per cent higher on Thursday.



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