TCS Q2 net up 50.13 pc to Rs 931 crore, interim at Rs 3/share

Mumbai, Oct 16 (UNI) Tata Consultancy Services (TCS) has posted a net profit after taxes of Rs 931.32 crore for the quarter ended September 30, 2006 as compared to Rs 620.32 crore for the comparable quarter of the previous fiscal, an increase of 50.13 per cent.

Announcing the results, the company said its total income is Rs 3683.87 crore for the quarter ended September 30, 2006 whereas the same was at Rs 2501.30 crore for the quarter ended September 30, 2005.

As per the consolidated results, the Group has posted a net profit of Rs 1018.68 crore for the quarter ended September 30, 2006 whereas the same was at Rs 693.71 crore for the quarter ended September 30, 2005. Total Income is Rs 4513.92 crore for the quarter ended September 30, 2006 whereas the same was at Rs 2966.05 crore for the quarter ended September 30, 2005.

Comparative figures do not include the figures of the erstwhile Tata Infotech Ltd, Airline Financial Support Services (India) Ltd, TCS Business Transformation Solutions Ltd and Aviation Software Development Consultancy India Ltd, which were amalgamated with the Company retrospectively with effect from April 1, 2005 consequent to the Schemes of Amalgamations of these Companies becoming effective on February 1, 2006. Consequently, the comparative figures are not comparable with the figures for the quarter and six month period ended September 30, 2006.

Further, the Company's Board of Directors has declared a Second Interim Dividend of Rs 3.00 per equity share of Re 1/- each of the Company.

Commenting on Q2 performance, CEO&MD of TCS, Mr S Ramadorai said, ''TCS had a dynamic quarter with a continuous focus on profitable growth, driven by strong international demand, an increasing number of large customers as well as a healthy addition of 58 new accounts. There is tremendous scope to continue to increase our share of wallet with our top 50 customers using our full-services play.'' UNI SN MAZ SKB1828