News

Published: April 12, 2024
Updated: April 12, 2024

TCS Q4 FY24 Report: Profit Soars to Rs 12,434 Crore by 9% , Revenue Hits Rs 61,237 Crore ,up by 3.5%

Record Profit and Dividend Declaration

In an impressive financial performance, Tata Consultancy Services (TCS) unveiled its Q4 FY24 results, revealing a staggering consolidated net profit of Rs 12,434 crore, marking a notable 9% surge from the previous year's Rs 11,392 crore. Sequentially, the net profit soared by an impressive 12.44%. Additionally, TCS announced an interim dividend of Rs 28 per share, reinforcing its commitment to delivering value to shareholders.

Revenue Growth and Operational Milestones

TCS recorded consolidated revenue from operations of Rs 61,237 crore for Q4FY24, showcasing robust growth compared to Rs 59,162 crore in the corresponding period last year, representing a commendable increase of 3.50%. However, on a quarter-on-quarter basis, revenue experienced a slight dip of 1.07%, standing at Rs 60,583 crore in Q3FY24. N Ganapathy Subramaniam, COO and executive director of TCS, highlighted the company's broad-based deal wins across various industries and geographies, underscoring the resilience and agility of TCS's diversified portfolio.

Workforce Diversity and Strength

With a workforce of 601,546 employees as of March 31, TCS boasts a diverse talent pool, comprising 35.6% women and representatives from 152 nationalities. This diversity not only reflects TCS's commitment to inclusivity but also underscores its ability to leverage a wide range of perspectives and expertise in driving innovation and delivering exceptional value to clients.

Financial Strategy and Future Outlook

Samir Seksaria, chief financial officer of TCS, emphasized the company's disciplined approach to operations, which has contributed to the expansion of industry-leading margins. Despite facing challenges in the operating environment, TCS remains steadfast in its long-term investments in workforce reskilling, research, and innovation. The focus remains on driving efficiencies and competitiveness to seize growth opportunities while ensuring sustainable profitability.

TCS's Q4 FY24 results demonstrate its unwavering resilience and ability to navigate through volatile market conditions. With record-breaking profit figures and strong revenue growth, TCS is well-positioned to maintain its leadership in the IT industry. As the company continues to prioritize innovation, talent development, and shareholder value, the future looks promising for TCS and its stakeholders.