TCS Q1 Results Today: Tata Consultancy Services Among 15+ Companies To Report Earnings; Check Details

Last quarter, the Indian tech giant's net profit rose 12.7% sequentially to Rs 12,502 crore in the quarter ended March 2024, according to an exchange filing. The fourth-quarter profit rose sequentially and in line with analysts' estimate on the back of revenue rise on record deal wins.

TCS Q4FY24 Results Highlights (Consolidated, QoQ)

• Revenue up 1.1% at Rs 61,237 crore (Bloomberg estimate: Rs 61,451.3 crore).

• Ebit increased 5% to Rs 15,918 crore (Bloomberg estimate: Rs 15,548 crore).

• Margin expanded 97 basis points to 25.99% (Bloomberg estimate: 25.3%).

• Net profit rose 12.7% Rs 12,502 crore (Bloomberg estimate: Rs 12,034 crore).

• Board approved final dividend of Rs 28 per share for FY24.

In the same quarter the previous year, the revenue of India's IT bellwether increased 4% year-on-year to $7.226 billion in the April-June quarter, according to a press statement. In constant currency terms, it was up 7%. Net cash from operations was 102.5% of net income at Rs 11,353 crore.

TCS Q1 FY24 Results: Key Highlights (QoQ)

• Revenue rose 0.37% to Rs 59,381 crore as against an estimate of Rs 59,862 crore.

• EBIT down 5% at Rs 13,755 crore, as compared with an estimate of Rs 14,048 crore.

• EBIT margin at 23.2% versus 24.5% in Q4 FY23. Analysts had forecast it at 23.7%.

• Net profit down 2.8% at Rs 11,074 crore, as against an estimate of Rs 10,982 crore.

• Interim dividend of Rs 9 per share declared.