Mumbai, Oct. 16: Tata Consultancy Services (TCS) today reported a mixed set of numbers for the second quarter ended September. While net profit and dollar revenues lagged analyst estimates, the company performed better on the margin front.

The country’s largest IT services company posted a 13 per cent rise in net profit at Rs 5,244 crore against Rs 4,633 crore in the same period last year. Net profit during the previous quarter stood at Rs 5,568 crore. Analysts had expected a profit of over Rs 5,300 crore.

TCS said the double-digit rise in its bottomline came on the back of a robust volume growth. Most of the geographies (barring Latin America) witnessed growth and all its industry verticals performed well.

“Driven by strong volumes (growth in billed man-hours) and robust utilisation rates, this has been a quarter of steady, consistent performance. Our well-rounded showing has been highlighted by broad-based growth in our key markets, industries and services as we continued to deepen our engagement with customers,” CEO and managing director N. Chandrasekaran said today.

He said all industries grew on a sequential basis, with the integration of the newly merged entity in Japan providing additional support to manufacturing and hi-tech.

He pointed out that the strong growth from India was a key highlight.

“India is back to growth again, this quarter we saw good growth. We do get a feeling that the market will grow further from here,” Chandrasekaran added.

However, in dollar terms, TCS disappointed as revenues grew 6.36 per cent from the preceding quarter to $3,929 million. Analysts such as Sandip Agarwal of Edelweiss Securities had expected a growth of 7.2 per cent.

Margins rose 50 basis points to 26.7 per cent during the quarter.

The company added four $50-million clients and nine $20-million ones.