TCS Q4 results: Net profit rises 9 pc to Rs 12,434 crore; board approves final dividend of Rs 28

TCS, on Friday, reported a 9.1 per cent increase in its March quarter net profit at Rs 12,434 crore, beating street estimates.

The Tata Group company's post-tax profit during the same quarter last year stood at Rs 11,392 crore.

In the fiscal year 2023-24, the company's net profit grew 9 per cent to Rs 45,908 crore, as per an exchange filing.

Revenue from operations went up by a marginal 3.5 per cent year-on-year to Rs 61,237 crore.

Meanwhile, the IT major's board approved a final dividend of Rs 28 per share.

“We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26 per cent operating margin, validating the robustness of our business model and execution excellence." CEO and managing director of the company K. Krithivasan 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,” COO and executive director of the company N. Ganapathy Subramaniam said.

“In FY2024, 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,” chief financial officer of the company Samir Seksaria said.

Shares of the company closed 0.48 per cent higher at the end of the trading day at Rs 4003.80