TCS Q1 net profit up 15.65% at Rs 1520 cr

TCS (Tata Consultancy Services) has announced its Q1FY10 numbers. Its Q1 net profit was up 15.65% at Rs 1520 crore as against Rs 1,314.3 crore, QoQ (US GAAP). 

The company's net sales went up just 0.5% to Rs 7,207 crore from Rs 7,171.8 crore, QoQ. 

Operating profit rose 5.26% to Rs 1,789 crore (QoQ). 

In a press conference TCS says:

-Maintained vigour in pricing deals
-Focus on pharma, energy and utility sectors showing result
-Telecom, manufacturing and IT sectors under pressure
-Lower costs, lower forex loss increased dividend in Q1
-Forex hedging loss stood at Rs 85 crore versus Rs 195 crore (QoQ)
-Forex loss to come down further due to less outstanding hedges
-Cost management efforts yielded better margins at 24.83%
-Moved to more offshoring in Q1
-Q1 volume growth stood at 3.54%
-Earnings/share at Rs 7.83 versus Rs 6.59 (YoY)
-Revenue from new clients at 0.3% versus 0.4% (YoY)
-Fresh campus recruitments to start in January 2010

Particulars	Jun-09	Mar-09	Dec-08	Sep-08
Net Sales / Interest Earned / Operating Income	5609.6	5875.48	5699.96	5212
Other Income	1.26	-143.27	-179.17	109.88
Total Income	5610.86	5732.21	5520.79	5321.88
Expenditure	-4055.37	-4261.28	-4098.72	-3929.55
Interest	-1.44	-4.57	-0.17	-0.41
Profit Before Depreciation and Tax	1554.05	1466.36	1421.9	1391.92
Depreciation	-113.2	-114.52	-102.86	-81.86
Profit before Tax	1440.85	1351.84	1319.04	1310.06
Tax	-164.41	-139.95	-146	-106.05
Net Profit	1276.44	1211.89	1173.04	1204.01
Equity Capital	-	-	-	97.86