On consolidated basis
Quarter
ended June 2024 compared with Quarter ended March 2024.
Net sales (including other operating income) of Tata Consultancy Services has
increased 2.25% to Rs 62613 crore.
Operating profit margin has declined
from 28.03% to 26.61%, leading to 2.92% decline in operating profit to Rs
16,662.00 crore. Employee cost increased from 57.38% to 58.16%.
Other expenses rose from 14.59% to 15.23%. Software technology
development services cost rose from 2.55% to 3.44%.
Other income fell 16.85% to Rs 962
crore. PBIDT fell 3.80% to Rs 17624 crore. Provision for
interest fell 23.45% to Rs 173 crore.
PBDT fell 3.56% to Rs 17451
crore. Provision for depreciation fell 2.09% to Rs 1220 crore.
Profit before tax down 3.67% to Rs
16,231.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 4126 crore, compared to
Rs 4347 crore. Effective tax rate was 25.42% compared to 25.80%.
Minority interest decreased 4.41% to
Rs 65.00 crore. Net profit attributable to owners of the company
decreased 3.17% to Rs 12,040.00 crore.
Promoters’ stake was 71.77% as of 30
June 2024 ,compared to 71.77% as of 31 March 2024 . Promoters
pledged stake was 0.28% as of 30 June 2024 ,compared to 0.28% as of 31 March
2024 .
Quarter ended June 2024 compared with Quarter ended June 2023.
Net sales (including other operating income) of Tata Consultancy Services has
increased 5.44% to Rs 62613 crore. Sales of Banking Finance
Insurance segment has gone up 1.82% to Rs 23,074.00 crore (accounting for
36.85% of total sales). Sales of Manufacturing segment has gone up
11.27% to Rs 6,271.00 crore (accounting for 10.02% of total
sales). Sales of Communication, Media and Technology segment has
gone up 12.48% to Rs 10,794.00 crore (accounting for 17.24% of total
sales). Sales of Others segment has gone up 12.04% to Rs 5,574.00
crore (accounting for 8.90% of total sales). Sales of Retail and
Consumer Packing Goods segment has gone up 1.16% to Rs 9,991.00 crore
(accounting for 15.96% of total sales). Sales of Life Sciences and
Healthcare segment has gone up 4.11% to Rs 6,909.00 crore (accounting for
11.03% of total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 11.09% to Rs 16,662.00
crore. PBIT of Banking Finance Insurance segment rose 10.15% to Rs
6,011.00 crore (accounting for 36.08% of total PBIT). PBIT of
Manufacturing segment rose 29.09% to Rs 2,090.00 crore (accounting for 12.54%
of total PBIT). PBIT of Communication, Media and Technology segment
fell 8.14% to Rs 2,459.00 crore (accounting for 14.76% of total
PBIT). PBIT of Others segment rose 38.72% to Rs 1,383.00 crore
(accounting for 8.30% of total PBIT). PBIT of Retail and Consumer
Packing Goods segment rose 6.49% to Rs 2,627.00 crore (accounting for 15.77% of
total PBIT). PBIT of Life Sciences and Healthcare segment rose
17.46% to Rs 2,092.00 crore (accounting for 12.56% of total PBIT).
PBIT margin of Banking Finance
Insurance segment rose from 24.08% to 26.05%. PBIT margin of
Manufacturing segment rose from 28.73% to 33.33%. PBIT margin of
Communication, Media and Technology segment fell from 27.90% to
22.78%. PBIT margin of Others segment rose from 20.04% to
24.81%. PBIT margin of Retail and Consumer Packing Goods segment
rose from 24.98% to 26.29%. PBIT margin of Life Sciences and
Healthcare segment rose from 26.84% to 30.28%. Overall PBIT margin
rose from 25.26% to 26.61%.
Operating profit margin has jumped
from 25.26% to 26.61%, leading to 11.09% rise in operating profit to Rs
16,662.00 crore. Employee cost decreased from 59.19% to 58.16%.
Other expenses fell from 15.55% to 15.23%. Software
technology development services cost rose from 0.85% to 3.44%.
Other income fell 31.14% to Rs 962
crore. PBIDT rose 7.50% to Rs 17624 crore. Provision for
interest rose 6.13% to Rs 173 crore.
PBDT rose 7.51% to Rs 17451
crore. Provision for depreciation fell 1.85% to Rs 1220
crore.
Profit before tax grew 8.29% to Rs 16,231.00
crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 4126 crore, compared to
Rs 3869 crore. Effective tax rate was 25.42% compared to 25.81%.
Minority interest increased 41.30%
to Rs 65.00 crore. Net profit attributable to owners of the company
increased 8.72% to Rs 12,040.00 crore.
Promoters’ stake was 71.77% as of 30
June 2024 ,compared to 72.30% as of 30 June 2023 . Promoters pledged
stake was 0.28% as of 30 June 2024 ,compared to 0.48% as of 30 June 2023
.
Full year results analysis.
Net sales (including other operating income) of Tata Consultancy Services has
increased 6.85% to Rs 240893 crore. Sales of Banking Finance
Insurance segment has gone up 5.57% to Rs 90,928.00 crore (accounting for
37.75% of total sales). Sales of Manufacturing segment has gone up
10.62% to Rs 23,491.00 crore (accounting for 9.75% of total
sales). Sales of Communication, Media and Technology segment has
gone up 4.62% to Rs 39,391.00 crore (accounting for 16.35% of total
sales). Sales of Others segment has gone up 14.46% to Rs 20,981.00
crore (accounting for 8.71% of total sales). Sales of Retail and
Consumer Packing Goods segment has gone up 4.94% to Rs 39,357.00 crore
(accounting for 16.34% of total sales). Sales of Life Sciences and
Healthcare segment has gone up 8.70% to Rs 26,745.00 crore (accounting for 11.10%
of total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 8.50% to Rs 64,296.00
crore. PBIT of Banking Finance Insurance segment rose 5.50% to Rs
23,574.00 crore (accounting for 36.66% of total PBIT). PBIT of Manufacturing
segment rose 24.41% to Rs 7,268.00 crore (accounting for 11.30% of total
PBIT). PBIT of Communication, Media and Technology segment rose
2.35% to Rs 10,918.00 crore (accounting for 16.98% of total
PBIT). PBIT of Others segment rose 20.59% to Rs 4,673.00 crore
(accounting for 7.27% of total PBIT). PBIT of Retail and Consumer
Packing Goods segment rose 6.39% to Rs 10,252.00 crore (accounting for 15.95%
of total PBIT). PBIT of Life Sciences and Healthcare segment rose
10.40% to Rs 7,611.00 crore (accounting for 11.84% of total PBIT).
PBIT margin of Banking Finance
Insurance segment fell from 25.94% to 25.93%. PBIT margin of
Manufacturing segment rose from 27.51% to 30.94%. PBIT margin of
Communication, Media and Technology segment fell from 28.33% to
27.72%. PBIT margin of Others segment rose from 21.14% to
22.27%. PBIT margin of Retail and Consumer Packing Goods segment
rose from 25.69% to 26.05%. PBIT margin of Life Sciences and
Healthcare segment rose from 28.02% to 28.46%. Overall PBIT margin
rose from 26.28% to 26.69%.
Operating profit margin has jumped
from 26.28% to 26.69%, leading to 8.50% rise in operating profit to Rs
64,296.00 crore. Employee cost increased from 56.56% to 58.17%.
Other expenses fell from 17.15% to 15.14%. Software
technology development services cost rose from 0.83% to 1.54%.
Other income rose 28.21% to Rs 4422
crore. PBIDT rose 9.58% to Rs 68718 crore. Provision for
interest fell 0.13% to Rs 778 crore. Loan funds rose to Rs 8,021.00
crore as of 31 March 2024 from Rs 7,688.00 crore as of 31 March
2023. Inventories stood at Rs 28.00 crore as of 31 March 2024 to Rs
28.00 crore as of 31 March 2023. Sundry debtors were higher at Rs
44,434.00 crore as of 31 March 2024 compared to Rs 41,049.00 crore as of 31
March 2023. Cash and bank balance rose to Rs 13,286.00 crore as of
31 March 2024 from Rs 11,032.00 crore as of 31 March
2023. Investments declined from Rs 37,163.00 crore as of 31 March
2023 to Rs 31,762.00 crore as of 31 March 2024.
PBDT rose 9.71% to Rs 67940
crore. Provision for depreciation fell 0.74% to Rs 4985
crore. Fixed assets declined from Rs 19,024.00 crore as of 31 March
2023 to Rs 18,826.00 crore as of 31 March 2024. Intangible assets
declined from Rs 2,725.00 crore to Rs 2,342.00 crore.
Profit before tax grew 10.63% to Rs
62,955.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 15898 crore, compared
to Rs 14604 crore. Effective tax rate was 25.64% compared to 25.66%.
Minority interest increased 22.44%
to Rs 191.00 crore. Net profit attributable to owners of the company
increased 8.92% to Rs 45,908.00 crore.
Equity capital decreased from Rs
366.00 crore as of 31 March 2023 to Rs 362.00 crore as of 31 March 2024
. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 72.41% as of 31
March 2024 ,compared to 72.30% as of 31 March 2023 . Promoters
pledged stake was 0.48% as of 31 March 2024 ,compared to 0.48% as of 31 March
2023 .
Cash flow from operating activities
increased to Rs 44,338.00 crore for year ended March 2024 from Rs 41,965.00
crore for year ended March 2023. Cash flow used in acquiring fixed
assets during the year ended March 2024 stood at Rs 2,674.00 crore, compared to
Rs 3,100.00 crore during the year ended March 2023.
Others:
Dividend: The board has declared dividend of Rs 10 per equity
share.
TCV(Total Contract Value) : The Company recorded order book of TCV
(total Contract Value) of US $ 8.3 billion in Q1FY2025.
Management Commentary:
K Krithivasan, Chief Executive Officer and Managing
Director, said: “I am pleased to report a strong start to the new fiscal year
with all-round growth across industries and markets. We are continuing to
expand our client relationships, create new capabilities in emerging
technologies and invest in innovation, including a new AI-focused TCS PacePort™
in France, IoT lab in the US and expanding our delivery centers in Latin
America, Canada and Europe.”
Samir Seksaria, Chief Financial Officer, said: “In spite of
the usual impact of the annual wage increments in this quarter, we have
delivered strong operating margin performance, validating our efforts towards
operational excellence. We remain focused on making the right investments in
R&I and talent, strengthening our superior return ratios and creating long
term value for our stakeholders.
”Milind Lakkad, Chief HR Officer, said: “I am delighted to
announce the successful completion of our annual increment process. Our
continued focus on employee engagement and development led to industry-leading
retention and strong business performance, with the net headcount addition
being a matter of immense satisfaction.”
| Tata Consultancy Services : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202406 | 202306 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 62,613.00 | 59,381.00 | 5.44 | 2,40,893.00 | 2,25,458.00 | 6.85 | | OPM (%) | 26.61 | 25.26 | 135 bps | 26.69 | 26.28 | 41 bps | | OP | 16,662.00 | 14,998.00 | 11.09 | 64,296.00 | 59,259.00 | 8.50 | | Other Inc. | 962.00 | 1,397.00 | -31.14 | 4,422.00 | 3,449.00 | 28.21 | | PBIDT | 17,624.00 | 16,395.00 | 7.50 | 68,718.00 | 62,708.00 | 9.58 | | Interest | 173.00 | 163.00 | 6.13 | 778.00 | 779.00 | -0.13 | | PBDT | 17,451.00 | 16,232.00 | 7.51 | 67,940.00 | 61,929.00 | 9.71 | | Depreciation | 1220 | 1243 | -1.85 | 4985 | 5022 | -0.74 | | PBT | 16,231.00 | 14,989.00 | 8.29 | 62955 | 56907 | 10.63 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 16231 | 14989 | 8.29 | 62955 | 56907 | 10.63 | | EO Income | 0 | 0 | - | -958 | 0 | - | | PBT after EO | 16231 | 14989 | 8.29 | 61997 | 56907 | 8.94 | | Taxation | 4126 | 3869 | 6.64 | 15898 | 14604 | 8.86 | | PAT | 12105 | 11120 | 8.86 | 46099 | 42303 | 8.97 | | Minority Interest (MI) | 65 | 46 | 41.30 | 191 | 156 | 22.44 | | Net profit | 12040 | 11074 | 8.72 | 45908 | 42147 | 8.92 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 12040 | 11074 | 8.72 | 45908 | 42147 | 8.92 | | EPS (Rs)* | 33.28 | 30.61 | 8.72 | 128.85 | 116.49 | 10.61 | | | * EPS is on current equity of Rs 361.81 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Tata Consultancy Services : Consolidated Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202406 | 202306 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
|---|
| Sales | | Banking Finance Insurance | 36.85 | 23,074.00 | 22,662.00 | 1.82 | 37.75 | 90,928.00 | 86,127.00 | 5.57 | | Manufacturing | 10.02 | 6,271.00 | 5,636.00 | 11.27 | 9.75 | 23,491.00 | 21,236.00 | 10.62 | | Retail and Distribution | 0.00 | 0.00 | 0.00 | - | | Communication, Media and Technology | 17.24 | 10,794.00 | 9,596.00 | 12.48 | 16.35 | 39,391.00 | 37,653.00 | 4.62 | | Others | 8.90 | 5,574.00 | 4,975.00 | 12.04 | 8.71 | 20,981.00 | 18,331.00 | 14.46 | | Retail and Consumer Packing Goods | 15.96 | 9,991.00 | 9,876.00 | 1.16 | 16.34 | 39,357.00 | 37,506.00 | 4.94 | | Life Sciences and Healthcare | 11.03 | 6,909.00 | 6,636.00 | 4.11 | 11.10 | 26,745.00 | 24,605.00 | 8.70 | | Total Reported Sales | 100.00 | 62,613.00 | 59,381.00 | 5.44 | 100.00 | 2,40,893.00 | 2,25,458.00 | 6.85 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 62,613.00 | 59,381.00 | 5.44 | 100.00 | 2,40,893.00 | 2,25,458.00 | 6.85 | | PBIT | | Banking Finance Insurance | 36.08 | 6,011.00 | 5,457.00 | 10.15 | 36.66 | 23,574.00 | 22,345.00 | 5.50 | | Manufacturing | 12.54 | 2,090.00 | 1,619.00 | 29.09 | 11.30 | 7,268.00 | 5,842.00 | 24.41 | | Retail and Distribution | 0.00 | 0.00 | 0.00 | - | | Communication, Media and Technology | 14.76 | 2,459.00 | 2,677.00 | -8.14 | 16.98 | 10,918.00 | 10,667.00 | 2.35 | | Others | 8.30 | 1,383.00 | 997.00 | 38.72 | 7.27 | 4,673.00 | 3,875.00 | 20.59 | | Retail and Consumer Packing Goods | 15.77 | 2,627.00 | 2,467.00 | 6.49 | 15.95 | 10,252.00 | 9,636.00 | 6.39 | | Life Sciences and Healthcare | 12.56 | 2,092.00 | 1,781.00 | 17.46 | 11.84 | 7,611.00 | 6,894.00 | 10.40 | | Total PBIT | 100.00 | 16,662.00 | 14,998.00 | 11.09 | 100.00 | 64,296.00 | 59,259.00 | 8.50 | | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Add: Other un-allcoable | | -431.00 | -9.00 | -4,688.89 | | -2,299.00 | -2,352.00 | 2.25 | | PBIT Margin(%) | | Banking Finance Insurance | | 26.05 | 24.08 | 197.10 | | 25.93 | 25.94 | -1.82 | | Manufacturing | | 33.33 | 28.73 | 460.20 | | 30.94 | 27.51 | 342.96 | | Retail and Distribution | | 0.00 | 0.00 | 0.00 | | Communication, Media and Technology | | 22.78 | 27.90 | -511.59 | | 27.72 | 28.33 | -61.28 | | Others | | 24.81 | 20.04 | 477.14 | | 22.27 | 21.14 | 113.35 | | Retail and Consumer Packing Goods | | 26.29 | 24.98 | 131.39 | | 26.05 | 25.69 | 35.68 | | Life Sciences and Healthcare | | 30.28 | 26.84 | 344.09 | | 28.46 | 28.02 | 43.90 | | PBT | 100.00 | 16,231.00 | 14,989.00 | 8.29 | 100.00 | 61,997.00 | 56,907.00 | 8.94 |
|
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