TCS Q4 Results Highlights: Net Profit of ₹12,240 Crore and Dividend Announcement
Tata Consultancy Services (TCS), a leading IT services company, has announced its financial results for the fourth quarter (Q4) of the fiscal year 2024. Here are the key highlights:
-
Net Profit: TCS reported a net profit of ₹12,240 crore, beating estimates. This robust performance reflects the company’s resilience and adaptability in a dynamic business environment.
-
Revenue Growth: The company’s revenue increased by 3.5% year-on-year (YoY). This growth was driven by strong performances in various segments, including India, the UK, and manufacturing.
-
Operating Margin: TCS achieved an operating margin of 26.0%, representing a YoY expansion of 150 basis points (bps). This improvement reflects effective cost optimization strategies.
-
Net Margin: The net margin expanded by 100 bps to reach 20.3% during the January-March period.
-
Cash Conversion: TCS demonstrated strong cash conversion, with operating cash flow amounting to 100.4% of net income.
-
Dividend Announcement: The company proposed a final dividend of ₹28 per share.
TCS continues to lead the earnings growth among large-tier IT firms, riding on significant deals and improving margins. The positive results underscore TCS’s commitment to excellence and its ability to navigate complex market conditions.
Disclaimer: Always verify official results and follow the instructions provided by the relevant authorities.