TCS Group Holdings Bhd (XKLS:0221) Operating Income: RM4.5 Mil (TTM As of Mar. 2026)

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What is TCS Group Holdings Bhd Operating Income?

TCS Group Holdings Bhd XKLS:0221 +6.67% Operating Income is RM4.5 Mil as of Mar. 2026. The stock has 7 warning signs investors should review.

TCS Group Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM0.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM4.5 Mil.

Warning Sign:

TCS Group Holdings Bhd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. TCS Group Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM0.8 Mil. TCS Group Holdings Bhd's Revenue for the three months ended in Mar. 2026 was RM116.6 Mil. Therefore, TCS Group Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 0.73%.

TCS Group Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TCS Group Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 2.58%. TCS Group Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.87%.

TCS Group Holdings Bhd  (XKLS:0221) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

TCS Group Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3.388 * ( 1 - 0% )/( (127.617 + 135.517)/ 2 )
=3.388/131.567
=2.58 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=284.161 - 145.923 - ( 10.621 - max(0, 187.592 - 242.289+10.621))
=127.617

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=298.579 - 160.439 - ( 2.623 - max(0, 198.575 - 255.574+2.623))
=135.517

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

TCS Group Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.652/( ( (29.437 + max(-38.423, 0)) + (27.314 + max(-21.886, 0)) )/ 2 )
=3.652/( ( 29.437 + 27.314 )/ 2 )
=3.652/28.3755
=12.87 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.394 + 0 + 8.982) - (145.923 + 0 + 8.876)
=-38.423

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(137.875 + 0 + 0.67800000000003) - (160.439 + 0 + 0)
=-21.886

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

TCS Group Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=0.847/116.641
=0.73 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

TCS Group Holdings Bhd Operating Income Related Terms

TCS Group Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for TCS Group Holdings Bhd's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TCS Group Holdings Bhd Operating Income Chart

TCS Group Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.21 -0.93 -28.17 4.26 4.11

TCS Group Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 1.18 1.16 1.30 0.85

TCS Group Holdings Bhd Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM4.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of RM4.5 Mil mean?
TCS Group Holdings Bhd (XKLS:0221) has a Operating Income of RM4.5 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TCS Group Holdings Bhd and its competitors.
Is TCS Group Holdings Bhd's Operating Income too high?
TCS Group Holdings Bhd's current Operating Income is RM4.5 Mil.
How does TCS Group Holdings Bhd's Operating Income compare to PWR and FIX?
TCS Group Holdings Bhd's Operating Income of RM4.5 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TCS Group Holdings Bhd and its competitors. TCS Group Holdings Bhd's current Operating Income is RM4.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCS Group Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, TCS Group Holdings Bhd (XKLS:0221) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.12, compared to a current price of RM0.08 — trading 33.3% below its estimated fair value. The current Operating Income is RM4.5 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For TCS Group Holdings Bhd (XKLS:0221), the current Operating Income is RM4.5 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TCS Group Holdings Bhd Business Description

Address No. 1 & 3, Bangunan TCS, Jalan SP 1/1, Bandar Saujana Putra, Jenjarom, SGR, MYS, 42610
TCS Group Holdings Bhd is a building and infrastructure construction services provider for residential, commercial, and civil works in Malaysia. The Group has completed various types of residential buildings such as terrace houses, bungalows, high-rise apartments and condominium, as well as commercial buildings such as shop offices, shopping complexes, factory buildings and purpose-built buildings. Its services also include civil works such as roads, water and sewerage treatment plants, electrical substations, water tanks, and reticulation systems for townships. Its projects include BRDB Sales Gallery in Subang Jaya, Selangor, the IOI Moxy Hotel in IOI Resort City, Putrajaya, M Arisa in Sentul, Kuala Lumpur, and others. The Group's operations are predominantly carried out in Malaysia.