MENU

Published on 10/07/2020 1:55:11 PM | Source: Dion Global Solutions Ltd

Tata Consultancy Q1 net profit down 30.04% at Rs 6096.00 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

The company reported standalone net profit of Rs 6,096.00 crore for the quarter ended June 30, 2020 as compared to Rs 8714.00 crore in the same period last year, registering a year-on-year decline of 30.04 per cent. Net revenue of the company declined marginally by 3.16 per cent at Rs 31,624.00 crore in April-June quarter of this fiscal as against Rs 32,657.00 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 0.15 per cent to Rs 23,030.00 crore from Rs 22,996.00 crore in year ago period.

Other Income dipped by 67.98 per cent at Rs 706.00 crore versus (Jun'19 Rs 2,205.00 crore). Operating Profit slipped by 11.04 per cent to Rs 8,594.00 crore as against Rs 9,661.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.11 per cent in June quarter. Interest declined by 49.36 per cent y-o-y to Rs 118.00 crore, while Taxation increased by 2.80 per cent at Rs 2,347.00 crore (Jun'19 Rs 2,283.00 crore).