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

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.”