iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

TCS logs 9% y-o-y growth in Q4 net profit at ₹12,434 Crore

15 Apr 2024 , 11:24 AM

Tata Consultancy Services (TCS), India's top software exporter, declared a consolidated net profit of ₹12,434 Crore for the fourth quarter. It was up 9% from ₹11,392 Crore a year earlier.

Revenue from operations rose by 3.5% year on year (YoY) to ₹61,237 Crore. The Board also proposed a final dividend of ₹28 per share.

On a sequential basis, earnings after tax increased by 12% from ₹11,058 Crore in the previous December quarter. Revenues increased by 1% quarter over quarter.

In constant currency terms, TCS increased revenue by 2.2% in the March quarter. The Indian business saw the most increase (38%), followed by the UK (6.2%).

The software company finished the fourth quarter with record transactions at $13.2 Billion, while the FY24 order book TCV (total contract value) reached an all-time high of $42.7 Billion.

"We are thrilled to conclude FY24 on a high note, boasting our highest-ever order book and a remarkable 26% operating margin. This achievement underscores the resilience of our business model and our commitment to execution excellence," stated K Krithivasan, CEO and MD of TCS.

During the fourth quarter, operating margins increased 150 basis points to 26%, while net margins climbed 100 basis points to 20.3%.

The BFSI segment, which generates the majority of the company's revenue, declined 3.2%, while the consumer division decreased 0.3% in the March 2024 quarter. The manufacturing industry increased the highest (9.7%) during the reporting year, followed by energy and utilities (7.3%).

During the quarter, the technology, communications, and media industries all saw losses of more than 5%. Geographically, the UK and Latin American areas led the way with growth rates of 6.2% and 9.8%, respectively, over the reporting period.

Attrition in the IT services sector was 12.5% at the end of the March quarter (on a trailing twelve-month basis), down from 13.3% in the previous quarter.

At around 11.17 AM, TCS was trading 0.32% lower at ₹3,988.50 per piece, against the previous closing price of ₹4,001.40 on NSE. The counter touched an intraday high and low of 4,064.20 and ₹3,971, respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • tcs
  • TCS earnings
  • TCS news
  • TCS Q4
  • TCS Q4 result
  • TCS stock price
  • TCS updates
sidebar mobile


Read More

Most Read News

Paytm Denies Adani Stake Talks
29 May 2024|10:04 AM
Stocks under F&O ban today, 29 May, 2024
29 May 2024|09:57 AM
Oil Up on Expected Rise in Demand
29 May 2024|09:49 AM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.