TCS Q1 Results: Cons PAT rises 9% YoY to Rs 12,105 crore, beats estimates

IT bellwether Tata Consultancy Services (TCS) on Thursday reported a 9% year-on-year growth in its June quarter consolidated net profit at Rs 12,105 crore, compared to Rs 11,120 crore profit reported in the same quarter last financial year.

The profit was higher than the Street estimate of Rs 11,900 crore. The company's board has also recommended a dividend of Rs 10 per share.

The company's revenue from operations stood at Rs 62,613 crore, which was a 5.4% increase over the Rs 59,381 crore posted by the company in the same period a year ago.

The interim dividend will be paid on Monday, August 5, 2024, to the equity shareholders of the company whose names appear in the records of the depositories as of Saturday, July 20, 2024, which has been set as the record date.

On a sequential basis, the PAT was down by over 3% compared to the Rs 12,502 crore reported by the company in Q4FY24.

The consolidated operating margin for the reported quarter stood at 24.7%, an expansion of 1.5% YoY, while the net margin stood at 19.2%.

More to come...