TCS reports better than expected numbers in its Q4 of FY24, with its profit and revenues coming higher than the street and analysts anticipated. The IT major posted a 9% growth in its net profit at Rs 12,434 crore against Rs 11,392 crore reported during the same period last year. The company’s total revenue also grew 3.5% in the quarter ended March 2024 to Rs 61,237 crore.
TCS in its exchange filing said that their operating profit margin expanded by 1.50% to 26% against 25% in the previous quarter. For the entire year of FY24, revenue for the company expanded by 6.8% YoY to Rs 240,893 crore, while its net profit for the year stood at Rs 46,585 crore.
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.”
Shares of TCS ended 0.45% higher at Rs 4,000.30 on the BSE on Friday ahead of its Q4 earnings.
