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Hot Pursuit News

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(11 Jul 2024, 16:44)

TCS PAT slips 3% QoQ to Rs 12,040 cr in Q1, declares dividend of Rs 10/share

The IT major's consolidated net profit declined 3.17% to Rs 12,040 crore in Q1 FY25 as against Rs 12,434 crore reported in Q4 FY24.


However, revenue from operations grew by 2.25% quarter on quarter (QoQ) to Rs 62,613 crore in Q1 FY25.

On a year on year (YoY) basis, the IT firm's net profit increased 8.72% and net sales grew by 5.44% in the quarter ended 30 June 2024.

Constant currency revenue grew 4.4% YoY in the June quarter. Operating margin stood at 24.7% while net margin was at 19.2% in Q1 FY25.

Profit before tax was at Rs 16,231 crore in the second quarter of FY24, down 3.67% QoQ and up 8.29% YoY.

The company said that the double-digit growth in Emerging Markets (61.8% YoY) was led by India.

Further, it added that the YoY growth was led by Manufacturing (9.4%), Energy, Resources & Utilities (5.7%), and Life Sciences & Healthcare (4%).

TCS’ workforce stood at 606,998 as on 30 June 2024. ...

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