Exclusive: TCS CFO Samir Seksaria On Q4 Results

#TCS #TataConsultancyServices #TCSEarnings #TCSQ4Results #results #Profits
Tata Consultancy Services Ltd (TCS), the second most valued firm on Dalal Street, on Friday reported a 9.14 per cent year-on-year (YoY) rise in consolidated net profit at Rs 124.34 billion for the March quarter compared with Rs 113.92 billion in the same quarter last year. Marketmen, tracking the IT sector, were expecting the largest software exporter to log a 5-6 per cent year-on-year (YoY) jump in net profit.TCS said its consolidated sales for the quarter grew 3.5 per cent YoY to Rs 612.37 billion from Rs 591.62 billion in the same quarter last year. Analysts were expecting a 3-4 per cent increase in sales. On a sequential basis, sales growth in constant currency terms stood at 2.2 per cent. Ebit margin came in at 26 per cent, up 150 basis points YoY. Analysts were seeing 30-50 basis points expansion in sequential margins. Deal wins at $13.2 billion were higher than with analyst estimates of $8-10 billion for the quarter.TCS declared a final dividend of Rs 28 per share for the financial year 2023-24. Along with Rs 45 per share dividend announced earlier, the total TCS dividend for FY24 stood at Rs 73 per share. The dividend would be paid on the fourth day post TCS' upcoming 29th Annual General Meeting (AGM).Watch Siddharth Zarabi, Managing Editor of Business Today TV, in conversation with Samir Seksaria, CFO of TCS, on TCS Q4 Results.
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