TCS FY 05-06 profits rise 50 per cent; surprises with 1 : 1 bonus

TCS, the country''s la
18 April 2006

For the full year 2005-06, TCS has made a net profit of Rs2,966.74 crore or Rs60.63 per equity share on a consolidated basis, a growth of 50.07 per cent as compared to the previous year figure of Rs1,976.9 crore or Rs47.37 per equity share.

Consolidated revenues for the year 2005-06 were higher by 35.98 per cent to Rs13,386.23 crore as compared to Rs9,844.6 crore for the previous year.

Consolidated results include the financial results of subsidiary CMC. The current year results include the numbers of companies like Tata Infotech which were merged with TCS. Hence, the results may not be strictly comparable with that of pervious year though the contribution of the merged companies is low.

On a standalone basis, TCS has reported a net profit of Rs2,716.87 crore or Rs55.53 per equity share, a growth of 48.35 per cent as compared to Rs1,831.42 or Rs43.1 per share for the previous year.

Standalone revenues for the year increased 38.9 per cent to Rs11,282.81 crore from Rs8,122.81 crore for the previous year.

For the fourth quarter ended 31 March 2006, the company has reported a consolidated net profit of Rs832.12 crore or Rs17.01 per equity share, a growth of 76.38 per cent as compared to Rs471.79 crore or Rs9.83 per equity share for the previous year quarter.