June 30, June 30, 2015

Size: px

Start display at page:

Download "June 30, June 30, 2015"

Blaze Archibald Willis
6 years ago
Views:

1 TATA CONSULTANCY SERVICES LIMITED Registered Office : 9th Floor, Nirmal Building, Nariman Point, Mumbai PART I : Statement of Audited Consolidated Financial Results for the Quarter and Six months ended 2015 Six months ended Year ended March 31, (A s repo rted) 2015* INCOME FROM OPERATIONS a) Information technology and consultancy services b) Sale of equipment and software licenses (Net of excise) Total income from operations (net) EXPENSES a) Employee benefits expense b) Overseas business expense c) Services rendered by business associates and others d) Depreciation and amortisation expense e) Other expenses Total expenses PROFIT FROM OPERATIONS BEFORE OTHER INCOME, FINANCE COSTS, EXCEPTIONAL ITEM AND TAX (1-2) OTHER INCOME (NET) PROFIT BEFORE FINANCE COSTS, EXCEPTIONAL ITEM AND TAX (3+4) FINANCE COSTS PROFIT BEFORE EXCEPTIONAL ITEM AND TAX (5-6) EXCEPTIONAL ITEM PROFIT BEFORE TAX (7+8) TAX EXPENSE PROFIT AFTER TAX BUT BEFORE MINORITY INTEREST (9-10) MINORITY INTEREST NET PROFIT FOR THE PERIOD (11-12) Paid up equity share capital (Face Value : ` 1 per share) 15 Reserves excluding Revaluation Reserves Basic and diluted earnings per share (in `) Dividend per share (par value ` 1 each) Interim dividend on equity shares ( in `) Final dividend on equity shares (in `) Total dividend on equity shares (in `) Total equity dividend percentage Adjusted for the effect of merger vide Note No. 3 ok * Excluding of the effect of merger vide Note No. 3

2 PART II: Selected Information for the quarter and six months ended 2015 (A) PARTICULARS OF SHAREHOLDING Particulars Six months ended Year ended March 31, Total Public Shareholding * - Number of shares Percentage of shareholding Promoters and promoter group Shareholding a) Pledged / Encumbered - Number of shares total equity shareholding of promoter and promoter group) total equity share capital of the company) b) Non-Encumbered - Number of shares total equity shareholding of promoter and promoter group) total equity share capital of the company) * Total Public Shareholding excludes 1,16,99,962 equity shares pending allotment to the shareholders of erstwhile CMC Limited. (B) Information on investors complaints for the 3 months ended 2015 Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter

3 (C ) Consolidated Segment Information Six months ended Year ended March 31, (As reported) 2015* REVENUE BY INDUSTRY PRACTICE Banking, Financial Services and Insurance Manufacturing Retail and Consumer Packaged Goods Telecom, Media and Entertainment Others REVENUE FROM OPERATIONS SEGMENT RESULTS Banking, Financial Services and Insurance Manufacturing Retail and Consumer Packaged Goods Telecom, Media and Entertainment Others Total Unallocable expenses (net) Operating income Other income (net) PROFIT BEFORE EXCEPTIONAL ITEM AND TAX Exceptional Item PROFIT BEFORE TAX SEGMENT CAPITAL EMPLOYED As at As at As at As at As at Sept Sept March 31, (As reported) 2015* Banking, Financial Services and Insurance Manufacturing Retail and Consumer Packaged Goods Telecom, Media and Entertainment Others Unallocable Assets (net) Total Capital Employed (net) The Group has identified business (industry practice) as its primary segment and geography as its secondary segment. Business segments comprise (1) banking, financial services and insurance, (2) manufacturing, (3) retail and consumer packaged goods, (4) telecommunication, media and entertainment and (5) others such as energy, resources and utilities, Hi-Tech, life science and healthcare, s-governance, travel, transportation and hospitality, products, Adjusted for the effect of merger vide Note No. 3 * Excluding of the effect of merger vide Note No. 3

4 (A) TATA CONSULTANCY SERVICES LIMITED Registered Office : 9th Floor, Nirmal Building, Nariman Point, Mumbai (D) Audited Consolidated Statement of Assets and Liabilities as at 2015 EQUITY AND LIABILITIES 1 Shareholders' funds As at As at March 31, a) Share Capital b) Reserves and Surplus Shareholders' funds Minority Interest Non- current Liabilities a) Long-term borrowings b) Deferred tax liabilities (net) c) Other long-term liabilities d) Long-term provisions Non- current liabilities Current Liabilities (B) a) Short- term borrowings b) Trade payables c) Other current liabilities d) Short- term provisions ASSETS 1 Non- current assets Current liabilities TOTAL - EQUITY AND LIABILITIES a) Fixed Assets b) Goodwill on consolidation c) Non- current investments d) Deferred tax assets (net) e) Long-term loans and advances f) Other non-current assets Current assets Non- current assets a) Current investments b) Inventories c) Unbilled revenue d) Trade receivables e) Cash and bank balances f) Short-term loans and advances g) Other current assets Current assets TOTAL- ASSETS

5 Six months ended Year ended March 31, (As reported) 2015* INCOME FROM OPERATIONS a) Information technology and consultancy services b) Sale of equipment and software licenses (Net of excise) Total income from operations (net) EXPENSES a) Employee benefits expense b) Overseas business expense c) Services rendered by business associates and others d) Depreciation and amortisation expense e) Other expenses Total expenses PROFIT FROM OPERATIONS BEFORE OTHER INCOME, FINANCE COSTS, EXCEPTIONAL ITEM AND TAX (1-2) OTHER INCOME (NET) TATA CONSULTANCY SERVICES LIMITED Registered Office : 9th Floor, Nirmal Building, Nariman Point, Mumbai Statement of Audited Standalone Financial Results for the Quarter and Six months ended 2015 PROFIT BEFORE FINANCE COSTS, EXCEPTIONAL ITEM AND TAX (3+4) FINANCE COSTS PROFIT BEFORE EXCEPTIONAL ITEM AND TAX (5-6) EXCEPTIONAL ITEM PROFIT BEFORE TAX (7+8) TAX EXPENSE NET PROFIT FOR THE PERIOD (9-10) Reserves excluding Revaluation Reserves Basic and diluted earnings per share (in `) Adjusted for the effect of merger vide Note No. 3 * Excluding of the effect of merger vide Note No. 3

6 Select explanatory notes to the Statement of Audited Financial Results for the Quarter and Six months ended The audited consolidated financial results and the audited standalone financial results of the Company for the quarter and six months ended 2015 have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meeting held on October 13, Other Income (consolidated) for the quarter and six months ended 2015 includes foreign exchange gain (net) of ` lakhs and a gain (net) of ` lakhs respectively (Previous period: gain (net) of ` lakhs and a gain (net) of ` lakhs respectively). 3. (a) In accordance with the Scheme of Amalgamation (Scheme) of the erstwhile CMC Limited with the Company as sanctioned by the Hon ble High Court of Judicature at Bombay vide its order dated August 14, 2015 and by the Hon ble High Court of Judicature at Hyderabad and Telangana vide its order dated July 20, 2015, the undertaking of CMC Limited has been transferred to and vested in the Company retrospectively with effect from April 1, 2015 (the appointed date). The Scheme came into effect on October 1, (b) Pursuant to the Scheme coming into effect, every public shareholder of CMC Limited holding fully paid up equity shares was allotted 79 Equity Shares of ` 1 each in the Company, credited as fully paid up for every 100 Equity Shares of ` 10 each fully paid up held in CMC Limited. Accordingly, 1,16,99,962 equity shares of ` 1 each has been allotted to the shareholders of CMC Limited on October 5, (c) Since the audited standalone financial results for the quarter and six months ended 2015 include the results of CMC Limited for the period, these results are not comparable with the standalone results for the quarter and six months ended The figures for the quarter ended 2015 in the audited standalone financial results have been restated to include the results of CMC Limited for the quarter ended 2015 and have been shown in a separate column to facilitate comparison with the audited standalone financial results for the quarter ended On July 2015, Tata Consultancy Services Saudi Arabia was incorporated as a Limited Liability Company in the Kingdom of Saudi Arabia with Tata Consultancy Services Netherlands BV (a wholly owned subsidiary of the Company) holding 76% ownership and Saudi Desert Rose Holding BV (a subsidiary of General Electric Company) holding 24%. 5. The Board of Directors at its meeting held on October 13, 2015, has declared an interim dividend of ` 5.50 per equity share. 6. Previous period / years figures have been regrouped, wherever necessary. For and on behalf of the Board of Directors Mumbai October 13, 2015 N. Chandrasekaran CEO & Managing Director

13 Paid up Equity Share Capital (Face Value : ` 1 per share) 14 Reserves excluding Revaluation Reserves

13 Paid up Equity Share Capital (Face Value : ` 1 per share) 14 Reserves excluding Revaluation Reserves TATA CONSULTANCY SERVICES LIMITED Registered Office : 9th Floor, Nirmal Building, Nariman Point, Mumbai 400021 PART I : Statement of Consolidated Audited Financial Results for the March 31, 2012 March