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)
Total income
Q4FY23
60,337
Q3FY24
61,445
Q4FY24
62,394
QoQ (%)
1.5%
YoY (%)
3.4%
(Rs crores)
Total expenses
Q4FY23
44,946
Q3FY24
45,658
Q4FY24
45,545
QoQ (%)
-0.2%
YoY (%)
1.3%
(Rs crores)
Profit before tax
Q4FY23
15,391
Q3FY24
15,787
Q4FY24
16,849
QoQ (%)
6.7%
YoY (%)
9.5%
(Rs crores)
Tax
Q4FY23
3,955
Q3FY24
3,732
Q4FY24
4,347
QoQ (%)
16.5%
YoY (%)
9.9%
(Rs crores)
Profit after tax
Q4FY23
11,436
Q3FY24
11,097
Q4FY24
12,502
QoQ (%)
12.7%
YoY (%)
9.3%
(Rs crores)
Earnings per share
Q4FY23
31.1
Q3FY24
30.3
Q4FY24
34.4
QoQ (%)
YoY (%)
| (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
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