May 19, 2024 19:47 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Arvind Kejriwal to march with AAP leaders to BJP HQs tomorrow with an 'arrest' dare | Adhir Chowdhury won't decide, he will be axed if he doesn't...': Congress chief Mallikarjun Kharge on alliance with Mamata Banerjee | Swati Maliwal assault case: Arvind Kejriwal's aide Bibhav Kumar arrested by Delhi Police | DK Shivakumar offered me Rs. 100 crore to defame Modi: Arrested BJP leader G Devaraje Gowda on Karnataka sex scandal | Swati Maliwal assault case: New video shows AAP MP escorted out of Arvind Kejriwal's home
TCS Q4FY24 consolidated profit grows 9% YoY to Rs 11,392 cr; company declares Rs 28 dividend per share

TCS Q4FY24 consolidated profit grows 9% YoY to Rs 11,392 cr; company declares Rs 28 dividend per share

India Blooms News Service | @indiablooms | 12 Apr 2024, 08:47 pm

Mumbai: IT giant Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 12,434 crore for the January-March quarter, a growth of more than 9 percent compared to Rs 11,392 crore recorded in the same period last year.

Sequentially, the net profit increased 12.44 percent from the preceding quarter, which stood at Rs 11,058 crore in Q3FY24.

The company declared an interim dividend of Rs 28 per share.

TCS reported consolidated revenue from operations for Q4FY24 stood at Rs 61,237 crore, compared to Rs 59,162 crore in the previous year, marking a rise of 3.50 percent.

However, on a quarter-on-quarter basis, there was a slight decrease of 1.07 percent from the revenue of Rs 60,583 crore in Q3FY24.

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. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

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.”

Samir Seksaria, Chief Financial Officer, said: “In FY 2024, our disciplined approach to operations have helped us expand our industry-leading margins. In a challenging environment, we persisted with our long-term investments in workforce reskilling, research and innovation. We will continue to drive efficiencies and competitiveness to capture opportunities for growth with profitability.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.