TCS Q4 Net profit rises 9% to Rs 12,434 crore, declares final dividend of Rs 28 per share
Tata Consultancy Services (TCS) reported 9% rise in net profit at Rs 12,434 crore for the fourth quarter of FY24 as against Rs 11,392 crore in the year-ago period.
Revenue rose 3.5% to Rs 61,237 crore in the three months ended March 31
For the full year of FY24, revenue grew by by 6.8 percent YoY to Rs 240,893 crore. Net profit for the year was at Rs 46,585 crore. Operating margin for the year was 24.6%.
The EBIT margin or the operating margin was up at 26 percent for Q4, a 100 bps increased from 25 percent in the previous quarter.
TCS reported all-time high quarterly and full year deal wins at $13.2 billion, and $42.7 billion respectively.
TCS board also approved a final dividend of Rs 28 per share.
K Krithivasan, Chief Executive Officer and Managing Director, said: “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% operating margin, validating the robustness of our business model and execution excellence.”
N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said: “Our Q4 performance is robust, with broad based deal wins across industries and geographies. Our products and platforms business sparkled with the mega deal win at Aviva and emerging markets had another stellar growth quarter demonstrating the power of TCS’ diversified portfolio.”
TCS share price closed at Rs. 4003.80 per share on BSE, a 0.48 percent increase from the previous day’s closing.
Quicklinks
