TCS Q4FY24 Quarterly Result Highlights
- 15 Apr 2024
- TCS reported 1.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a growth of 3.4%.
- Its expenses for the quarter were down by 0.2% QoQ and up 1.3% YoY.
- The net profit grew 12.7% QoQ and 9.3% YoY.
- The earnings per share (EPS) of TCS stood at 34.4 during Q4FY24.
TCS’ Financial Statements for Q4FY24:
| (Rs crores) | Q4FY23 | Q3FY24 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 60,337 | 61,445 | 62,394 | 1.5% | 3.4% |
Total expenses | 44,946 | 45,658 | 45,545 | -0.2% | 1.3% |
Profit before tax | 15,391 | 15,787 | 16,849 | 6.7% | 9.5% |
Tax | 3,955 | 3,732 | 4,347 | 16.5% | 9.9% |
Profit after tax | 11,436 | 11,097 | 12,502 | 12.7% | 9.3% |
Earnings per share | 31.1 | 30.3 | 34.4 |
TCS Q4 Result Highlights:
- Record Order Book: TCS reported an all-time high order book Total Contract Value (TCV) of $42.7 billion for FY24, with a strong Q4 showing of $13.2 billion.
- Strong Growth in Key Markets:The company witnessed significant growth in India (+37.9%), the UK (+6.2%), and the Manufacturing sector (+9.7%).
- Client Base Expansion:TCS reported an increase in large clients with over $100 million revenue and over $50 million revenue.
- Improved Profitability: Both operating and net margins witnessed significant expansion (150 bps and 100 bps YoY, respectively).
- Workforce Strength: Headcount reached 6,01,546 with a focus on diversity (35.6% women) and attrition management (12.5% IT services attrition).
TCS Management Commentary:
K Krithivasan, CEO & MD, likely emphasized:
- Strong finish to FY24, showcasing the business model's resilience.
- Record deal wins and margin expansion as evidence of operational excellence.
- Importance of talent acquisition and development in achieving these results.
- Commitment to innovation and building a future-proof organization.
Additional Notes: Acquisition of 5 million competencies and establishment of 73,000 contextual masters indicate investments in upskilling and building domain expertise.
TCS Dividend:
The company has proposed a final dividend per share of Rs 28.
Data Source: BSE, Company announcements
Disclaimer: The content of this post is intended solely for educational purposes and should not be regarded as financial advice. Past performance is not indicative of future results. The securities and assets mentioned serve purely as illustrations only and should not be taken as recommendations for investment. Please note that the information presented is compiled from several sources available on the internet. We strongly advise consulting with a qualified financial advisor prior to making any investment decisions. Read the full disclaimer here.
