TCS declares robust Q3 numbers

Tata Consultancy Services, India’s largest company in terms of market cap, posted 3QFY2017 results after market hours.

The company’s revenue for the quarter increased 8.7 per cent on YoY to Rs 29375 cr. On QoQ basis, revenue increased by 1.5 per cent driven by energy and utilities (up 5.8 per cent QoQ), hi-tech (up 2.6per cent QoQ), BFSI (up 2.1 per cent QoQ), manufacturing (up 2.1 per cent QoQ), and retail (up 1.9 per cent QoQ) in constant currency terms.

The EBIT on a YoY basis surged 6.28 per cent, while on a QoQ basis, it decreased by 1.5per cent.  On the margin side, EBIT and PAT margins were 26.0 per cent and 22.9 per cent, respectively, for the quarter. PAT margin increased by 53.23 bps on a YoY basis.

Further, the company has also declared a dividend of Rs 6.5 per share.

Tata Consultancy Services is an IT solutions provider. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognised as the benchmark of excellence in software development. The company is also engaged in providing services to telecom, retail and distribution, banking, financial services and insurance sectors.

TCS on BSE opened at Rs. 2339.9 and touched the day's high of Rs. 2359.75 before the Q3 results were declared.