On consolidated basis
Quarter
ended December 2024 compared with Quarter ended September 2024.
Net sales (including other operating income) of Tata Consultancy Services has
declined 0.45% to Rs 63973 crore.
Operating profit margin has jumped
from 26.04% to 26.63%, leading to 1.81% rise in operating profit to Rs
17,034.00 crore. Employee cost decreased from 57.04% to 56.20%.
Other expenses rose from 16.92% to 17.17%. Software
technology development services cost rose from 5.03% to 5.50%.
Other income rose 70.51% to Rs 1243
crore. PBIDT rose 4.68% to Rs 18277 crore. Provision for
interest rose 44.44% to Rs 234 crore.
PBDT rose 4.31% to Rs 18043
crore. Provision for depreciation rose 8.77% to Rs 1377
crore.
Profit before tax grew 3.95% to Rs
16,666.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 4222 crore, compared to
Rs 4077 crore. Effective tax rate was 25.33% compared to 25.43%.
Minority interest increased 39.13%
to Rs 64.00 crore. Net profit attributable to owners of the company
increased 3.95% to Rs 12,380.00 crore.
Promoters’ stake was 71.77% as of 31
December 2024 ,compared to 71.77% as of 30 September 2024
. Promoters pledged stake was 0.28% as of 31 December 2024 ,compared
to 0.28% as of 30 September 2024 .
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Tata Consultancy Services has
increased 5.60% to Rs 63973 crore. Sales of Banking Finance
Insurance segment has gone up 3.59% to Rs 23,481.00 crore (accounting for
36.70% of total sales). Sales of Manufacturing segment has gone up
4.43% to Rs 6,194.00 crore (accounting for 9.68% of total
sales). Sales of Communication, Media and Technology segment has
gone up 20.71% to Rs 11,989.00 crore (accounting for 18.74% of total
sales). Sales of Others segment has gone up 6.13% to Rs 5,848.00
crore (accounting for 9.14% of total sales). Sales of Retail and Consumer
Packing Goods segment has gone up 2.22% to Rs 10,035.00 crore (accounting for
15.69% of total sales). Sales of Life Sciences and Healthcare
segment has gone down 4.46% to Rs 6,426.00 crore (accounting for 10.04% of
total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 3.94% to Rs 17,034.00
crore. PBIT of Banking Finance Insurance segment rose 7.60% to Rs
6,403.00 crore (accounting for 37.59% of total PBIT). PBIT of
Manufacturing segment rose 9.26% to Rs 2,042.00 crore (accounting for 11.99% of
total PBIT). PBIT of Communication, Media and Technology segment
fell 15.64% to Rs 2,390.00 crore (accounting for 14.03% of total
PBIT). PBIT of Others segment rose 15.17% to Rs 1,412.00 crore
(accounting for 8.29% of total PBIT). PBIT of Retail and Consumer
Packing Goods segment rose 15.02% to Rs 2,971.00 crore (accounting for 17.44%
of total PBIT). PBIT of Life Sciences and Healthcare segment fell
5.71% to Rs 1,816.00 crore (accounting for 10.66% of total PBIT).
PBIT margin of Banking Finance
Insurance segment rose from 26.25% to 27.27%. PBIT margin of
Manufacturing segment rose from 31.51% to 32.97%. PBIT margin of
Communication, Media and Technology segment fell from 28.52% to
19.93%. PBIT margin of Others segment rose from 22.25% to
24.15%. PBIT margin of Retail and Consumer Packing Goods segment
rose from 26.31% to 29.61%. PBIT margin of Life Sciences and
Healthcare segment fell from 28.64% to 28.26%. Overall PBIT margin
fell from 27.05% to 26.63%.
Operating profit margin has declined
from 27.05% to 26.63%, leading to 3.94% rise in operating profit to Rs
17,034.00 crore. Employee cost decreased from 57.31% to 56.20%.
Other expenses rose from 15.64% to 17.17%. Software
technology development services cost rose from 1.94% to 5.50%.
Other income rose 44.20% to Rs 1243
crore. PBIDT rose 5.95% to Rs 18277 crore. Provision for
interest rose 1.74% to Rs 234 crore.
PBDT rose 6.01% to Rs 18043
crore. Provision for depreciation rose 11.68% to Rs 1377
crore.
Profit before tax grew 5.57% to Rs
16,666.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 4222 crore, compared to
Rs 3732 crore. Effective tax rate was 25.33% compared to 25.17%.
Minority interest increased 64.10%
to Rs 64.00 crore. Net profit attributable to owners of the company
increased 11.96% to Rs 12,380.00 crore.
Promoters’ stake was 71.77% as of 31
December 2024 ,compared to 72.41% as of 31 December 2023 . Promoters
pledged stake was 0.28% as of 31 December 2024 ,compared to 0.48% as of 31
December 2023 .
For year-to-date (YTD) results
analysis.
Net sales (including other operating income) of Tata Consultancy Services has
increased 6.23% to Rs 190845 crore. Sales of Banking Finance
Insurance segment has gone up 3.18% to Rs 70,340.00 crore (accounting for
36.86% of total sales). Sales of Manufacturing segment has gone up
8.19% to Rs 18,775.00 crore (accounting for 9.84% of total
sales). Sales of Communication, Media and Technology segment has
gone up 19.83% to Rs 34,871.00 crore (accounting for 18.27% of total
sales). Sales of Others segment has gone up 8.11% to Rs 16,843.00
crore (accounting for 8.83% of total sales). Sales of Retail and
Consumer Packing Goods segment has gone up 1.99% to Rs 30,051.00 crore
(accounting for 15.75% of total sales). Sales of Life Sciences and
Healthcare segment has gone down 0.11% to Rs 19,965.00 crore (accounting for
10.46% of total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 6.99% to Rs 50,427.00
crore. PBIT of Banking Finance Insurance segment rose 8.63% to Rs
18,759.00 crore (accounting for 37.20% of total PBIT). PBIT of
Manufacturing segment rose 19.89% to Rs 6,196.00 crore (accounting for 12.29%
of total PBIT). PBIT of Communication, Media and Technology segment
fell 12.64% to Rs 7,206.00 crore (accounting for 14.29% of total
PBIT). PBIT of Others segment rose 25.14% to Rs 4,216.00 crore
(accounting for 8.36% of total PBIT). PBIT of Retail and Consumer Packing
Goods segment rose 10.09% to Rs 8,293.00 crore (accounting for 16.45% of total
PBIT). PBIT of Life Sciences and Healthcare segment rose 3.84% to Rs
5,757.00 crore (accounting for 11.42% of total PBIT).
PBIT margin of Banking Finance
Insurance segment rose from 25.33% to 26.67%. PBIT margin of
Manufacturing segment rose from 29.78% to 33.00%. PBIT margin of
Communication, Media and Technology segment fell from 28.35% to
20.66%. PBIT margin of Others segment rose from 21.62% to 25.03%. PBIT
margin of Retail and Consumer Packing Goods segment rose from 25.57% to
27.60%. PBIT margin of Life Sciences and Healthcare segment rose
from 27.74% to 28.84%. Overall PBIT margin rose from 26.23% to
26.42%.
Operating profit margin has jumped
from 26.23% to 26.42%, leading to 6.99% rise in operating profit to Rs
50,427.00 crore. Employee cost decreased from 58.44% to 57.13%.
Other expenses rose from 15.32% to 16.45%. Software
technology development services cost rose from 1.19% to 4.66%.
Other income fell 10.14% to Rs 2934
crore. PBIDT rose 5.88% to Rs 53361 crore. Provision for
interest rose 3.08% to Rs 569 crore.
PBDT rose 5.91% to Rs 52792
crore. Provision for depreciation rose 3.32% to Rs 3863
crore.
Profit before tax grew 6.12% to Rs
48,929.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 12425 crore, compared
to Rs 11551 crore. Effective tax rate was 25.39% compared to 25.58%.
Minority interest increased 42.28%
to Rs 175.00 crore. Net profit attributable to owners of the company
increased 8.53% to Rs 36,329.00 crore.
Promoters’ stake was 71.77% as of 31
December 2024 ,compared to 72.41% as of 31 December 2023 . Promoters
pledged stake was 0.28% as of 31 December 2024 ,compared to 0.48% as of 31
December 2023 .
Full year results analysis.
Net sales (including other operating income) of Tata Consultancy Services has
increased 6.85% to Rs 240893 crore. Sales of Banking Finance
Insurance segment has gone up 5.57% to Rs 90,928.00 crore (accounting for 37.75%
of total sales). Sales of Manufacturing segment has gone up 10.62%
to Rs 23,491.00 crore (accounting for 9.75% of total sales). Sales
of Communication, Media and Technology segment has gone up 4.62% to Rs
39,391.00 crore (accounting for 16.35% of total sales). Sales of
Others segment has gone up 14.46% to Rs 20,981.00 crore (accounting for 8.71%
of total sales). Sales of Retail and Consumer Packing Goods segment
has gone up 4.94% to Rs 39,357.00 crore (accounting for 16.34% of total
sales). Sales of Life Sciences and Healthcare segment has gone up
8.70% to Rs 26,745.00 crore (accounting for 11.10% of total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 8.50% to Rs 64,296.00
crore. PBIT of Banking Finance Insurance segment rose 5.50% to Rs
23,574.00 crore (accounting for 36.66% of total PBIT). PBIT of
Manufacturing segment rose 24.41% to Rs 7,268.00 crore (accounting for 11.30%
of total PBIT). PBIT of Communication, Media and Technology segment
rose 2.35% to Rs 10,918.00 crore (accounting for 16.98% of total
PBIT). PBIT of Others segment rose 20.59% to Rs 4,673.00 crore
(accounting for 7.27% of total PBIT). PBIT of Retail and Consumer
Packing Goods segment rose 6.39% to Rs 10,252.00 crore (accounting for 15.95% of
total PBIT). PBIT of Life Sciences and Healthcare segment rose
10.40% to Rs 7,611.00 crore (accounting for 11.84% of total PBIT).
PBIT margin of Banking Finance
Insurance segment fell from 25.94% to 25.93%. PBIT margin of
Manufacturing segment rose from 27.51% to 30.94%. PBIT margin of
Communication, Media and Technology segment fell from 28.33% to
27.72%. PBIT margin of Others segment rose from 21.14% to
22.27%. PBIT margin of Retail and Consumer Packing Goods segment
rose from 25.69% to 26.05%. PBIT margin of Life Sciences and
Healthcare segment rose from 28.02% to 28.46%. Overall PBIT margin
rose from 26.28% to 26.69%.
Operating profit margin has jumped
from 26.28% to 26.69%, leading to 8.50% rise in operating profit to Rs
64,296.00 crore. Employee cost increased from 56.56% to 58.17%.
Other expenses fell from 17.15% to 15.14%. Software
technology development services cost rose from 0.83% to 1.54%.
Other income rose 28.21% to Rs 4422
crore. PBIDT rose 9.58% to Rs 68718 crore. Provision for
interest fell 0.13% to Rs 778 crore. Loan funds rose to Rs 8,021.00
crore as of 31 March 2024 from Rs 7,688.00 crore as of 31 March
2023. Inventories stood at Rs 28.00 crore as of 31 March 2024 to Rs
28.00 crore as of 31 March 2023. Sundry debtors were higher at Rs
44,434.00 crore as of 31 March 2024 compared to Rs 41,049.00 crore as of 31
March 2023. Cash and bank balance rose to Rs 13,286.00 crore as of
31 March 2024 from Rs 11,032.00 crore as of 31 March 2023. Investments
declined from Rs 37,163.00 crore as of 31 March 2023 to Rs 31,762.00 crore as
of 31 March 2024.
PBDT rose 9.71% to Rs 67940
crore. Provision for depreciation fell 0.74% to Rs 4985
crore. Fixed assets declined from Rs 19,891.00 crore as of 31 March
2023 to Rs 18,826.00 crore as of 31 March 2024. Intangible assets
increased from Rs 1,858.00 crore to Rs 2,342.00 crore.
Profit before tax grew 10.63% to Rs
62,955.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 15898 crore, compared
to Rs 14604 crore. Effective tax rate was 25.64% compared to 25.66%.
Minority interest increased 22.44%
to Rs 191.00 crore. Net profit attributable to owners of the company
increased 8.92% to Rs 45,908.00 crore.
Equity capital decreased from Rs
366.00 crore as of 31 March 2023 to Rs 362.00 crore as of 31 March 2024
. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 71.77% as of 31
March 2024 ,compared to 72.30% as of 31 March 2023 . Promoters pledged
stake was 0.28% as of 31 March 2024 ,compared to 0.48% as of 31 March 2023
.
Cash flow from operating activities
increased to Rs 44,338.00 crore for year ended March 2024 from Rs 41,965.00
crore for year ended March 2023. Cash flow used in acquiring fixed
assets during the year ended March 2024 stood at Rs 2,674.00 crore, compared to
Rs 3,100.00 crore during the year ended March 2023.
Dividend: The company declared a third interim dividend of Rs 10
and a special dividend of Rs 66 per equity share of Re 1 each of the company.
TCV(Total Contract Value) : The Company recorded order book of TCV
(total Contract Value) of US $ 10.2 billion in Q3FY2025.
Management Commentary:
K Krithivasan, Chief Executive Officer and Managing
Director, said: “We are pleased with the excellent TCV performance in Q3 which
was well-rounded across industries, geographies and service lines lending good
visibility to long-term growth. BFSI and CBG returning to growth, continued
stellar run of Regional Markets and early signs of revival in discretionary
spend in some verticals give us confidence for the future. Our continuing
investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to
capture the promising opportunities ahead.”
Samir Seksaria, Chief Financial Officer, said: “In a quarter
that saw significant cross-currency volatility, TCS’s strong execution, cost
management and deft currency risk management helped deliver healthy margin
improvement and free cash flows. Disciplined investments in talent and
infrastructure should lend good support to long-term business growth.”
”Milind Lakkad, Chief HR Officer, said: “We promoted over
25,000 associates this quarter which brought the total promotions this
financial year to more than 110,000. We continue to invest in employee
upskilling and overall well-being. Our campus hiring for the year is going
according to plan and preparations are afoot to onboard a higher number of
campus hires next year”.
Tata Consultancy Services : Consolidated Results | | Quarter ended | Year to Date | Year ended |
---|
Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
---|
Net Sales (including other operating income) | 63,973.00 | 60,583.00 | 5.60 | 190,845.00 | 179,656.00 | 6.23 | 240,893.00 | 225,458.00 | 6.85 | OPM (%) | 26.63 | 27.05 | -42 bps | 26.42 | 26.23 | 19 bps | 26.69 | 26.28 | 41 bps | OP | 17,034.00 | 16,388.00 | 3.94 | 50,427.00 | 47,132.00 | 6.99 | 64,296.00 | 59,259.00 | 8.50 | Other Inc. | 1,243.00 | 862.00 | 44.20 | 2,934.00 | 3,265.00 | -10.14 | 4,422.00 | 3,449.00 | 28.21 | PBIDT | 18,277.00 | 17,250.00 | 5.95 | 53,361.00 | 50,397.00 | 5.88 | 68,718.00 | 62,708.00 | 9.58 | Interest | 234.00 | 230.00 | 1.74 | 569.00 | 552.00 | 3.08 | 778.00 | 779.00 | -0.13 | PBDT | 18,043.00 | 17,020.00 | 6.01 | 52,792.00 | 49,845.00 | 5.91 | 67,940.00 | 61,929.00 | 9.71 | Depreciation | 1377 | 1233 | 11.68 | 3863 | 3739 | 3.32 | 4985 | 5022 | -0.74 | PBT | 16,666.00 | 15,787.00 | 5.57 | 48929 | 46106 | 6.12 | 62955 | 56907 | 10.63 | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | PBT before EO | 16666 | 15787 | 5.57 | 48929 | 46106 | 6.12 | 62955 | 56907 | 10.63 | EO Income | 0 | -958 | - | 0 | -958 | - | -958 | 0 | - | PBT after EO | 16666 | 14829 | 12.39 | 48929 | 45148 | 8.37 | 61997 | 56907 | 8.94 | Taxation | 4222 | 3732 | 13.13 | 12425 | 11551 | 7.57 | 15898 | 14604 | 8.86 | PAT | 12444 | 11097 | 12.14 | 36504 | 33597 | 8.65 | 46099 | 42303 | 8.97 | Minority Interest (MI) | 64 | 39 | 64.10 | 175 | 123 | 42.28 | 191 | 156 | 22.44 | Net profit | 12380 | 11058 | 11.96 | 36329 | 33474 | 8.53 | 45908 | 42147 | 8.92 | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | Net profit after discontinued operations | 12380 | 11058 | 11.96 | 36329 | 33474 | 8.53 | 45908 | 42147 | 8.92 | EPS (Rs)* | 34.22 | 32.54 | 5.16 | 100.41 | 94.48 | 6.27 | 128.85 | 116.49 | 10.61 | | * EPS is on current equity of Rs 361.81 crore, Face value of Rs 1, Excluding extraordinary items. | # EPS is not annualised | bps : Basis points | EO : Extraordinary items | Figures in Rs crore | Source: Capitaline Corporate Database |
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Tata Consultancy Services : Consolidated Segment Results | td>- | Quarter ended | Year to Date | Year ended |
---|
| % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
---|
Sales | Banking Finance Insurance | 36.70 | 23,481.00 | 22,667.00 | 3.59 | 36.86 | 70,340.00 | 68,169.00 | 3.18 | 37.75 | 90,928.00 | 86,127.00 | 5.57 | Manufacturing | 9.68 | 6,194.00 | 5,931.00 | 4.43 | 9.84 | 18,775.00 | 17,354.00 | 8.19 | 9.75 | 23,491.00 | 21,236.00 | 10.62 | Retail and Distribution | 0.00 | 0.00 | 0.00 | - | Communication, Media and Technology | 18.74 | 11,989.00 | 9,932.00 | 20.71 | 18.27 | 34,871.00 | 29,100.00 | 19.83 | 16.35 | 39,391.00 | 37,653.00 | 4.62 | Others | 9.14 | 5,848.00 | 5,510.00 | 6.13 | 8.83 | 16,843.00 | 15,580.00 | 8.11 | 8.71 | 20,981.00 | 18,331.00 | 14.46 | Retail and Consumer Packing Goods | 15.69 | 10,035.00 | 9,817.00 | 2.22 | 15.75 | 30,051.00 | 29,466.00 | 1.99 | 16.34 | 39,357.00 | 37,506.00 | 4.94 | Life Sciences and Healthcare | 10.04 | 6,426.00 | 6,726.00 | -4.46 | 10.46 | 19,965.00 | 19,987.00 | -0.11 | 11.10 | 26,745.00 | 24,605.00 | 8.70 | Total Reported Sales | 100.00 | 63,973.00 | 60,583.00 | 5.60 | 100.00 | 190,845.00 | 179,656.00 | 6.23 | 100.00 | 240,893.00 | 225,458.00 | 6.85 | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | Net Sales | 100.00 | 63,973.00 | 60,583.00 | 5.60 | 100.00 | 190,845.00 | 179,656.00 | 6.23 | 100.00 | 240,893.00 | 225,458.00 | 6.85 | PBIT | Banking Finance Insurance | 37.59 | 6,403.00 | 5,951.00 | 7.60 | 37.20 | 18,759.00 | 17,269.00 | 8.63 | 36.66 | 23,574.00 | 22,345.00 | 5.50 | Manufacturing | 11.99 | 2,042.00 | 1,869.00 | 9.26 | 12.29 | 6,196.00 | 5,168.00 | 19.89 | 11.30 | 7,268.00 | 5,842.00 | 24.41 | Retail and Distribution | 0.00 | 0.00 | 0.00 | - | Communication, Media and Technology | 14.03 | 2,390.00 | 2,833.00 | -15.64 | 14.29 | 7,206.00 | 8,249.00 | -12.64 | 16.98 | 10,918.00 | 10,667.00 | 2.35 | Others | 8.29 | 1,412.00 | 1,226.00 | 15.17 | 8.36 | 4,216.00 | 3,369.00 | 25.14 | 7.27 | 4,673.00 | 3,875.00 | 20.59 | Retail and Consumer Packing Goods | 17.44 | 2,971.00 | 2,583.00 | 15.02 | 16.45 | 8,293.00 | 7,533.00 | 10.09 | 15.95 | 10,252.00 | 9,636.00 | 6.39 | Life Sciences and Healthcare | 10.66 | 1,816.00 | 1,926.00 | -5.71 | 11.42 | 5,757.00 | 5,544.00 | 3.84 | 11.84 | 7,611.00 | 6,894.00 | 10.40 | Total PBIT | 100.00 | 17,034.00 | 16,388.00 | 3.94 | 100.00 | 50,427.00 | 47,132.00 | 6.99 | 100.00 | 64,296.00 | 59,259.00 | 8.50 | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | Add: Other un-allcoable | | -368.00 | -1,559.00 | 76.40 | | -1,498.00 | -1,984.00 | 24.50 | | -2,299.00 | -2,352.00 | 2.25 | PBIT Margin(%) | Banking Finance Insurance | | 27.27 | 26.25 | 101.48 | | 26.67 | 25.33 | 133.64 | | 25.93 | 25.94 | -1.82 | Manufacturing | | 32.97 | 31.51 | 145.50 | | 33.00 | 29.78 | 322.15 | | 30.94 | 27.51 | 342.96 | Retail and Distribution | | 0.00 | 0.00 | 0.00 | Communication, Media and Technology | | 19.93 | 28.52 | -858.90 | | 20.66 | 28.35 | -768.23 | | 27.72 | 28.33 | -61.28 | Others | | 24.15 | 22.25 | 189.46 | | 25.03 | 21.62 | 340.73 | | 22.27 | 21.14 | 113.35 | Retail and Consumer Packing Goods | | 29.61 | 26.31 | 329.49 | | 27.60 | 25.57 | 203.14 | | 26.05 | 25.69 | 35.68 | Life Sciences and Healthcare | | 28.26 | 28.64 | -37.50 | | 28.84 | 27.74 | 109.74 | | 28.46 | 28.02 | 43.90 | PBT | 100.00 | 16,666.00 | 14,829.00 | 12.39 | 100.00 | 48,929.00 | 45,148.00 | 8.37 | 100.00 | 61,997.00 | 56,907.00 | 8.94 |
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