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Published Apr 12, 2024

TCS reports 9% profit growth, bags record new orders in Q4 FY24

By Vivek Dubey

Profit Growth

TCS reported a 9% net profit growth at Rs 12,434 crore in Q4 FY24, driven by improved margins and strong India business performance.

Previous Fiscal

The company had a post-tax profit of Rs 11,392 crore in the same quarter of the preceding fiscal.

FY24 Performance

In FY24, TCS’s net profit surged 9% to Rs 45,908 crore, with revenue rising to Rs 2,40,893 crore from Rs 2,25,458 crore in FY23.

Operating Margin

TCS expanded its operating margin by 1.50% to 26% in the reporting quarter, boosting profit.

Revenue Increase

Revenue increased by 3.5% to Rs 61,237 crore during the reporting quarter from Rs 60,583 crore a year ago.

New Orders

In Q4 FY24, TCS bagged new orders worth $13.2 billion, the highest-ever in a quarter.

CEO Statement

CEO K Krithivasan validated the robustness of the business model and execution excellence through profit margin and order book.

Customer Focus

Amid global uncertainty, TCS stays close to customers, helping them execute core priorities with its portfolio of offerings.

India Business

With a ramp-up in the BSNL deal, TCS’s revenue from India business grew 38%, increasing India’s contribution to the topline to 6.7%.

North America Market

North America, TCS’s largest market, saw a 2.3% revenue decline, reducing its contribution to the company’s topline to 50%.

Workforce Update

TCS reported a workforce dip of nearly 2,000 people in the reporting quarter, with overall strength at 6,01,546 as of March 31, 2024.

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