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TCS Q1 PAT slips 2 5% QoQ to Rs 9,008 cr

On a consolidated basis, TCS net profit fell 2.57% to Rs 9,008 crore on 3.90% increase in net sales to Rs 45,411 crore in Q1 June 2021 over Q4 March 2021.On a year-on-year (YoY) basis, the IT major s net profit rose 28.54% and net sales rose 18.50% in Q1 June 2021 over Q1 June 2020. Constant currency revenue grew 16.4% YoY. Operating margin expanded 1.9% YoY to 25.5% in Q1 June 2021. The company s order book grew 17.3% to $8.1 billion in Q1 June 2021 over Q1 June 2020. The board has declared an interim dividend of Rs 7 per equity share. Record date is set at 16 July 2021. The company said all its business verticals showed good sequential as well as YoY growth. Growth during the quarter was led by cloud strategy andtransformation, next-generation enterprise transformation and supply chain services, with demand led by manufacturing & utilities and life sciences among the industry verticals.

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