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PremiumTCS Q4 Results Live Updates: The IT major announced a consolidated net profit of ₹12,434 crore for the fourth quarter, marking a 9% increase from ₹11,392 crore recorded a year earlier. Revenue from operations experienced a slight year-on-year (YoY) uptick, rising by 3.5% to reach ₹61,237 crore. The company announced an interim dividend of ₹28 per equity share.
TCS Q4 Results Live: “Our Generative Artificial Intelligence (AI) pipeline has surged to $900 million, marking a doubling in value. The Total Contract Value (TCV) of the deal comprises primarily of standard-sized deals, with the exception of a significant win secured in Q3," the company said.
TCS Q4 Results Live: N. Ganapathy Subramaniam's role cannot be filled by any one person. Our focus isn't on appointing a new COO, as Krithivasan mentioned. Instead, we're delegating responsibilities across our senior leadership team, said Krithivasan during the call.
TCS Q4 Results Live: KKrithivasan further announced that Ganapathy Subramaniam will retire next month, marking over four decades of dedicated service at TCS.
TCS Q4 Results Live: CHRO further said that the company is implementing wage increases of around 4.7% raise across the board, with exceptional performers receiving double-digit raises.
However, full year headcount falls first time in 19 years. TCS reported a quarter-on-quarter decline of 1,759 in its headcount for the fourth quarter.
TCS Q4 Results Live: Numerous significant opportunities await in India, with some posing considerable challenges to secure. We engage in a major nation-building project deal in India approximately every 1-2 years, the company said in its conference call.
TCS Q4 Results Live: The BFSI sector, traditionally the top revenue generator, experienced a 3.2% decline, while the consumer business also saw a slight dip of 0.3%, for the quarter ended on March 31, 2024.
On a brighter note, the manufacturing segment surged by 9.7%, leading the growth charts, closely followed by energy and utilities with a respectable 7.3% uptick. However, the tech and communications as well as media sectors faced significant setbacks, each experiencing a decline of over 5% during the same period.
TCS Q4 Results Live: “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."
TCS Q4 Results Live: As of March 31, 2024, the company has submitted 8,040 patent applications, with 188 filed during the quarter. Additionally, it has been awarded 3,919 patents, including 461 granted within the same quarter.
TCS Q4 Results Live “We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double-digit hikes. The reduced attrition at 12.5%, enthusiastic response to our campus hiring, increased customer visits, and employees returning to the office have resulted in great vibrancy in our delivery centres and elevated morale of our associates."
TCS Q4 Results Live: IT services experienced a decrease in attrition, with rates dropping to 12.5% at the end of the March quarter, compared to 13.3% in the previous December quarter on a trailing twelve-month basis.
TCS concluded the fourth quarter with a workforce totaling 601,546 employees, with women comprising 35.6% of the total.
TCS Q4 Results Live: “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 Q4 Results Live: TCS recorded operating profit or EBIT growth slightly surpassing expectations, although revenue growth remained stagnant on a sequential basis.
TCS Q4 Results Live: In terms of constant currency, TCS saw a 2.2% increase in revenue during the March quarter. The surge was primarily driven by the Indian sector, boasting a 38% rise, with the UK trailing at 6.2%.
TCS Q4 Results Live: The company posted revenue from operations at ₹61,237 crore, a 3.5 per cent jump year-on-year (YoY).
TCS Q4 Results Live: The Board of the IT major has also recommended a final dividend of ₹28 per share.
TCS Q4 Results Live: Net profit at ₹12,240 crore for the fourth quarter of FY24. It surged by 9% compared to ₹11,392 crore from the previous year.
TCS Q4 Results Live: Analyst at JM Financial expects the IT major firm to post 1 1% revenue growth. “We expect c/c revenue growth of 1% with 30bps cross currency tailwinds translating into 1.3% QoQ USD revenue growth. Expect ~20bps expansion in EBIT margin to 25.2% led better utilisation and lower sub-con expenses, offsetting lower margins from BSNL deal," it said.
TCS Q4 Results Live: The share price of TCS is trading 0.46 per cent higher at ₹4,003 per share ahead the release of Q4 results. The fourth-quarter results are scheduled to be disclosed post-market closure.
TCS Q4 Results Live: Key things to look for in TCS Q4 results include demand outlook in BFSI, retail, communication, hi-tech and other key segments, impact of macro concerns on demand/its clients, deal pipeline especially for large/mega size deals, client decision making and pricing trends, outlook on CY24E/FY25E IT budgets and any new strategy update under the leadership of newly appointed CEO.
TCS Q4 Results Live: USD revenue is expected to grow by 1.3% QoQ (CC: +1.3%) largely led by the ramp-up of large deal wins in the domestic market and expect growth softness to continue in International markets. EBIT margins are likely to improve by 50 bps QoQ largely due to operating leverage and cost efficiencies. We expect healthy order intake to continue, said Equirus Securities.
TCS Q4 Results Live: TCS shares are in focus today ahead of its March quarter (Q4FY24) earnings which are expected to be modest amid persisting headwinds in key markets. TCS share price gained about 2 per cent in Q4FY24, significantly outperforming its sectoral index Nifty IT which declined about 2 per cent during the quarter. However, the stock underperformed the benchmark Nifty 50 which rose nearly 3 per cent during the March quarter. TCS numbers will influence the mood of the market. But apart from the numbers, investors will also focus on the following five crucial things. Read here
TCS Q4 Results Live: CA Vatsal Vinchhi, an equity analyst for the IT sector at Choice Equity Broking expects a marginal sequential growth for TCS on the back of a strong order book in the BFSI segment. It is expected to report about 1 per cent CC QoQ growth amidst delayed discretionary spending. Margins are expected to remain resilient and to be in the range of 24-25 per cent, however, the aspirational range is 26-28 per cent going ahead, said Vinchhi.
TCS Q4 Results Live: Nuvama Institutional Equities expects TCS Q4 revenue to grow 1.1% to ₹61,257.4 crore from ₹60,583 crore in Q3, while USD revenue growth of 1.4% to $7,380 million. Net profit is expected to rise 9.3% to ₹12,083.3 crore from ₹11,058 crore, QoQ. EBIT is estimated to increase 2% to ₹15,463.5 crore from ₹15,155 crore, while EBIT margin is likely to improve by 23 bps to 25.2% from 25%, QoQ.
TCS Q4 Results Live: Recovery in the FSI vertical and ramp-up of the BSNL deal could aid growth. Operational efficiency to aid margin partly offset by the BSNL deal. Absence of provision for EPIC Systems could aid sequential PAT. Key monitorables include conversion from the deal pipeline, outlook on FSI, retail & manufacturing verticals and outlook on ramp-up of large deals, said InCred Equities.
TCS Q4 Results Live: TCS Q4 revenue is expected to rise 1.1% to ₹61,240.2 crore from ₹60,583 crore in Q3. Net profit is estimated to fall 0.2% to ₹11,991.9 crore from ₹12,016 crore, QoQ, as per JM Financial. It expects TCS Q4 EBIT 1.7% to ₹15,415.1 crore from ₹15,155 crore and EBIT margin to improve by 20 bps to 25.2% from 25.0%, QoQ.
TCS Q4 Results Live: We expect CC revenue growth of 1% with 30 bps cross currency tailwinds translating into 1.3% QoQ USD revenue growth. Expect ~20 bps expansion in EBIT margin to 25.2% led by better utilisation and lower sub-con expenses, offsetting lower margins from BSNL deal. We have built c.$100 million+ contribution from BSNL, said JM Financial.
TCS Q4 Results Live: TCS is expected to report Q4 revenue at ₹61,338.8 crore, registering a growth of 1.2% from ₹60,583 crore in the December quarter. USD revenue growth is likely to be 1.5% QoQ at $7,390 million. EBIT margin is estimated to improve by 190 bps QoQ to 25.3%, as per Nomura.
TCS Q4 Results Live: Nomura expects CC growth of 1.5% QoQ. It estimates a 0.4% revenue contribution from the BSNL project (one month) and a reversal of the negative impact from furloughs. Adjusted EBIT margins are expected to expand 30 bps QoQ (3Q adj EBIT margin was 25%). Key things to watch out for - commentary on cost takeout projects, banking vertical and outlook on client CY24 discretionary spend.
TCS Q4 Results Live: We can expect modest single-digit growth for TCS in Q4 FY24. Net profit is estimated to rise 5-6% year-on-year, with sales growth around 2%. EBIT margin might see a sequential expansion of 20–40 basis points. The BSNL deal's impact and overall Total Contract Value (TCV) will be key factors to watch. Overall, TCS is expected to outperform its peers, said Santosh Meena, Head of Research at Swastika Investmart Ltd.
TCS Q4 Results Live: Nuvama Institutional Equities expects TCS to deliver 1.0% QoQ CC revenue growth and 1.4% QoQ USD growth, driven by a recovery in BFSI and continued strength in manufacturing. It expects margins to improve QoQ due to operating leverage and strong deal-wins streak to continue. Commentary on client spending and outlook for FY25 shall be keenly sought.
TCS Q4 Results Live: Brokerage firm Motilal Oswal Financial Services expects TCS' deal pipeline to remain resilient in the UK regions, but the US and Europe may continue to stay weak. As per estimates, TCS may report a 2.2 per cent QoQ growth in constant currency (CC) terms while EBIT margin may be stable, as operational improvements should be compensated by low margins in the India business. For Q4FY24, TCS may report a 5 per cent year-on-year growth in overall revenue and an 8 per cent growth in reported PAT, according to Motilal Oswal.
TCS Q4 Results Live: The Indian IT services companies are likely to end the financial year 2023-2024 on a weak footing with the March quarter results estimated to show subdued growth amid unabated headwinds. The largecap IT services players are expected to report modest revenue growth in Q4FY24 as muted demand trends continue on account of weak discretionary spending and cautious behavior by clients, amid an uncertain global macroeconomic situation. However, analysts believe margins to remain steady despite weak revenue growth, as companies optimize costs and tighten discretionary spending. Read here
TCS Q4 Results Live: Experts expect TCS’ revenue growth to be in the low single digits quarter-on-quarter (QoQ) in constant currency terms. EBIT margin may remain stable even as operational improvements and cost efficiencies would be offset by low margins in the Indian business. Apart from the key numbers, trends on deal winds, attrition and management commentary on near-term demand will be under focus. Read full report here
TCS Q4 Results Live: A total of four companies are scheduled to release their financial results for the fourth quarter of FY24 (Q4FY24) on April 12. Tata Consultancy Services (TCS), Anand Rathi, Metal Forge India, and Milgrey Finance Investments Ltd are the four companies that will release their earnings for the January-March 2024 period on April 12. Read here
TCS Q4 Results Live: TCS Q4 results are expected to be modest with marginally increase in revenue and net profit even as weakness in key international markets persisted during the quarter ended March 2024. The IT bellwether is likely to report Q4FY24 revenue growth in the low single digits quarter-on-quarter (QoQ) in constant currency terms led by the ramp-up of large deal wins, including the BSNL deal. EBIT margin may remain stable as operational improvements and cost efficiencies would be offset by low margins in the domestic business.
TCS Q4 Results Live: Tata Consultancy Services (TCS), the largest software services exporter in India, is set to report its earnings for the fourth quarter of FY24 today, 12 April. The IT major TCS Q4 results are scheduled to be released after market hours later today. The board of directors of TCS will meet today to approve the audited standalone financial results of the company for the year ending March 31, 2024. The board will also approve the audited consolidated financial results of the company and its subsidiaries for the year ending March 31, 2024, and recommend a final dividend, if any for FY24.
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