Tata Consultancy Services (TCS) posted a 0.27 per cent increase on annual basis in consolidated net profit for the financial year ended March 31, 2021 at Rs 32,430 crore. The IT bellwether had recorded a net profit of Rs 32,340 crore in the previous financial year, the company said in a stock exchange filing on Monday
TCS registered revenue from operations at Rs 164,177 crore during FY21, up 4.6 per cent from Rs 156,949 crore in FY20. Operating margin for the fiscal stood at 25.9 per cent, whereas net margin was 20.3 per cent. Order book at the the end of financial year 2020-21 stood at $31.6 billion, up 17.1 per cent YoY.
As for the March quarter of FY21, the company reported a 14.9 per cent increase in consolidated net profit to Rs 9,246 crore from Rs 8,049 crore in the year-ago period. Revenue grew 9.4 per cent YoY to Rs 43,705 crore from Rs 39,946 crore. Order book for the quarter was $9.2 billion, amounting to highest ever TCV in a quarter, TCS said.
News Source: businesstoday