TCS Q4 Results 2023: Net Profit at Rs 12434 Crore, Revenue Up 4.3%
Key Highlights:
- TCS reported a net profit of Rs 12434 crore for the January-March quarter, a 12.1% increase YoY.
- Total revenue rose to Rs 58229 crore, a 4.3% increase YoY.
- The company announced an interim dividend of Rs 8 per share.
Q4 Revenue Breakdown:
TCS's revenue growth was driven by strong performance across all major regions. The largest contributor, North America, saw a 3.9% YoY growth to Rs 25385 crore, while Europe grew 4.8% to Rs 18652 crore. The company's other markets, including India, Latin America, and Asia Pacific, also reported healthy growth.
Segment-wise Performance:
- Banking, Financial Services & Insurance (BFSI): 33% of revenue, 4.6% YoY growth.
- Retail & Consumer Packaged Goods (CPG): 21% of revenue, 3.6% YoY growth.
- Technology & Services: 14% of revenue, 7.2% YoY growth.
- Life Sciences & Healthcare: 9% of revenue, 5.1% YoY growth.
- Public Services: 6% of revenue, 4.2% YoY growth.
Dividend and Outlook:
TCS declared an interim dividend of Rs 8 per share for the quarter ended March 31, 2023. The company also expressed optimism about its future prospects, citing its robust order book and strong deals pipeline.
Conclusion:
TCS's Q4 results showcase the company's resilience and continued growth momentum despite global economic challenges. The strong performance across various verticals and regions highlights TCS's ability to adapt to evolving business needs.
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