TCS Q1 net up 33 per cent at Rs883 crore
18 Jul 2006
Tata Consultancy Services, the country''s top IT consultancy and services company, reported a 33 per cent rise in its consolidated net profit at Rs882.66 crore (Rs8.82 billion) for the quarter ended June 30, 2006 against Rs630.62 crore (Rs6.30 billion) for the same period last fiscal.
Profit after tax (PBT) rose to Rs796.69 crore (Rs7.96 billion) for the quarter ended June 30, 2006 against Rs578.86 crore (Rs5.78 billion) in the year-ago period.
Total income stood at Rs3,465.9 crore (Rs34.65 billion) for the first quarter of the 2006-07, as against Rs2,276.32 crore (Rs22.76 billion) a year ago, the company informed the Bombay Stock Exchange.
The board has recommended an interim dividend of Rs3 on shares of Re1 each.
"At TCS, the management continues to focus on driving sustainable, robust growth and Q1 has been marked by strong growth in volumes coupled with increasing traction for our new growth engines like BPO and consulting," S Ramadorai, CEO and MD, said.
Total income of the group - which includes those of Tata Infotech Ltd, Airline Financial Support Services, TCS Business Transformation Solutions Ltd and Aviation Software Development Consultancy India Ltd, which were amalgamated with the company with retrospective effect from April 1, 2005 - stood at Rs4,258.19 crore (Rs42.58 billion) for Q1 FY''07 as against Rs2, 721.02 crore (Rs27.21 billion) in the year-ago period.