in a Dynamic Environment - Domain-b

TCS LIMITED (UNCONSOLIDATED)RESULTS OF OPERATIONS - TCS LIMITED (UNCONSOLIDATED)The Management’s Discussion and Analysis given below relates to the audited financial statements of TCS Limited(Unconsolidated). The discussion should be read in conjunction with the financial statements and related notes for theyear ended March 31, 2009.The following table gives an overview of the financial results of TCS Limited (unconsolidated):Amount in Rs. croreFor the year ended For the year endedParticulars March 31, 2009 March 31, 2008 % Increase/Revenue from operations Rs. crore % of Rs. crore % of(decrease)revenuesrevenuesInformation technology and consultancy services 21,535.75 96.12 17,446.51 95.39 23.44Sale of equipment and software licences 868.25 3.88 843.34 4.61 2.95Total revenues 22,404.00 100.00 18,289.85 100.00 22.49Expenditure:Employee costs 7,370.09 32.90 5,961.17 32.59 23.63Overseas business expenses (employeeallowance paid overseas) 4,306.25 19.22 3,451.88 18.87 24.75Total employee costs 11,676.34 52.12 9,413.05 51.47 24.04Overseas business expenses (other thanemployee allowance paid overseas) 421.63 1.88 417.19 2.28 1.06Services rendered by business associates andothers 1,019.67 4.55 689.25 3.77 47.94Other operating expenses 3,265.53 14.58 2,994.12 16.37 9.06Total expenditure 16,383.17 73.13 13,513.61 73.89 21.23Other income (net) (456.24) (2.04) 689.82 3.77 -Profit before interest, depreciation andtaxes 5,564.59 24.84 5,466.06 29.89 1.80Interest 7.44 0.03 3.42 0.02 117.54Depreciation 417.46 1.86 458.78 2.51 (9.01)Profit before taxes 5,139.69 22.94 5,003.86 27.36 2.71Provision for taxes:Income tax expense (including deferred taxbenefit and MAT credit entitlement) 420.48 1.88 470.45 2.57 (10.62)Fringe benefit tax 23.00 0.10 24.65 0.13 (6.69)Net profit for the year 4,696.21 20.96 4,508.76 24.65 4.1665