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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Tata Consultancy Services    TCS   INE467B01029

TATA CONSULTANCY SERVICES

(TCS)
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Tata Consultancy Services : 2Q Net Profit Fell, Approves Buyback

10/07/2020 | 09:50am EST

By Mauro Orru

Tata Consultancy Services Ltd. said Wednesday that its second-quarter net profit fell from a year earlier and approved a share buyback program.

The Indian information-technology services provider said net profit for the quarter ended Sept. 30 fell to 74.75 billion Indian rupees ($1.02 billion) from INR80.42 billion a year earlier, missing estimates of INR79.21 billion from a FactSet poll of analysts.

Second-quarter revenue increased to INR401.35 billion from INR389.77 billion a year earlier, exceeding FactSet estimates of INR391.71 billion.

The company also said its board of directors backed proposals to buy back shares for a maximum of INR160 billion.

The board also declared a second interim dividend of INR12 per share to be paid out on Nov. 3.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

10-07-20 0949ET

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Financials
Sales 2021 1 615 B 21 840 M 21 840 M
Net income 2021 319 B 4 317 M 4 317 M
Net cash 2021 269 B 3 642 M 3 642 M
P/E ratio 2021 31,4x
Yield 2021 1,95%
Capitalization 10 055 B 136 B 136 B
EV / Sales 2021 6,06x
EV / Sales 2022 5,35x
Nbr of Employees 448 464
Free-Float 27,9%
Chart TATA CONSULTANCY SERVICES
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Tata Consultancy Services Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 2 882,91 INR
Last Close Price 2 679,65 INR
Spread / Highest target 49,3%
Spread / Average Target 7,59%
Spread / Lowest Target -45,5%
EPS Revisions
Managers
NameTitle
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Natarajan Chandrasekaran Non-Executive Chairman
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
V. Ramakrishnan Chief Financial Officer
K. Ananth Krishnan Chief Technology Officer
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