Hot Pursuit     12-Apr-24
TCS Q4 PAT jumps 12% QoQ to Rs 12,434 cr; declares dividend of Rs 28/ share
Tata Consultancy Services (TCS) announced that its consolidated net profit increased 12.44% to Rs 12,434 crore in Q4 FY24 as compared with Rs 11,058 crore in Q3 FY24.
Revenue from operations increased 1.08% QoQ to Rs 61,237 crore in Q4 FY24.

On year on year basis, the company’s net profit rose 9% YoY and revenue from operations 3.51% in Q3 FY24.

During the quarter, constant currency revenue increased 2.2% YoY, operating margin expanded by 150 basis points (bps) to 26%. Net margin expanded by 100 bps to 20.3% YoY in Q4 FY24.

Profit before tax stood at Rs 61,849 crore in Q4 FY24, steeply higher than Rs 14,829 crore in Q3 FY24.

The company's order book total contract value (TCV) stood at $13.2 billion as on 31 March 2024 and operating cash flow was 100.4% of net income in Q4 FY24.

The IT giant said that its growth in Q4 was led by BFSI which jumped by 32.9% YoY, consumer business grew 16% YoY, Life Sciences & Healthcare increased by 10.9%, Manufacturing which grew 8.1% YoY, Technology & Services grew by 8.9% YoY, Communication & media grew by 7.1% YoY, Energy, resources and utilities grew 5.4% YoY while regional markets & Others increased 10.7%.

Among major markets, North America led with 52.4% growth, Latin America grew 1.8% YoY, UK and Continental Europe led by 15.7% and 15.1% growth while Asia Pacific grew 8%, India increased 5% and MEA (Middle East and North Africa) grew 2%.

TCS' workforce stood at 601,546 as on 31 March 2024. IT services' attrition was at 12.5% for the last twelve months.

In financial year 2023-2024, the company’s net profit jumped 8.92% to Rs 45,908 crore in FY24 as compared with Rs 42,147 crore in FY23. Revenue from operations increased 6.85% YoY to Rs 2,40,893 crore in FY24.

The board has declared a final dividend of Rs 28 which shall be paid on the fourth day from the conclusion of annual general meeting.

K Krithivasan, chief executive officer and managing director, said: “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% operating margin, validating the robustness of our business model and execution excellence. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

N Ganapathy Subramaniam, chief operating officer and executive director, said: “Our Q4 performance is robust, with broad based deal wins across industries and geographies. Our products and platforms business sparkled with the mega deal win at Aviva and emerging markets had another stellar growth quarter demonstrating the power of TCS’ diversified portfolio.”

TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.

Shares of Tata Consultancy Services (TCS) rose 0.45% to end at Rs 4000.30 on the BSE.

Previous News
  Tata Consultancy Services Ltd eases for fifth straight session
 ( Hot Pursuit - 30-May-24   13:35 )
  TCS partners with IIT, Mumbai to develop India's first Quantum Diamond Microchip Imager
 ( Corporate News - 28-May-24   12:26 )
  Burgan Bank selects TCS BaNCS for its core banking transformation
 ( Corporate News - 22-May-24   15:07 )
  TCS to set up a Global AI Center of Excellence in Paris
 ( Corporate News - 14-May-24   10:04 )
  Tata Consultancy Services to conduct AGM
 ( Corporate News - 07-May-24   13:53 )
  TCS enters into strategic agreement with AWS
 ( Corporate News - 24-Apr-24   18:05 )
  TCS opens new delivery center in Londrina, Brazil
 ( Corporate News - 15-Apr-24   18:01 )
  Nifty April futures trade at premium
 ( Market Commentary - Futures Market 15-Apr-24   16:17 )
  TCS Q4 PAT jumps 12% QoQ to Rs 12,434 cr; declares dividend of Rs 28/ share
 ( Hot Pursuit - 15-Apr-24   10:41 )
  Tata Consultancy Services
 ( Results - Analysis 13-Apr-24   11:24 )
  Tata Consultancy Services
 ( Analyst Meet / AGM - Conference Call 13-Apr-24   05:15 )
Other Stories
  Shree Renuka Sugars declines on reporting dismal Q4 numbers
  30-May-24   16:25
  Rishabh Instruments slides as Q4 PAT plummets 84% YoY
  30-May-24   16:06
  ISGEC Heavy Engineering Ltd leads losers in 'A' group
  30-May-24   15:00
  Godfrey Phillips gains as Q4 PAT climbs 46% YoY; declares dividend of Rs 56/ share
  30-May-24   15:00
  Deccan Health Care Ltd leads losers in 'B' group
  30-May-24   14:45
  Marksans Pharma declines after Q4 PAT slides 6% YoY to Rs 78 cr
  30-May-24   14:37
  Volumes spurt at KFin Technologies Ltd counter
  30-May-24   14:30
  Alembic Pharma gets US FDA nod for heart failure-treatment drug
  30-May-24   14:05
  Consumer Durables stocks edge lower
  30-May-24   14:00
  Metal shares fall
  30-May-24   14:00
Back Top