TCS Q4FY23 PAT up 14.77% at Rs11,392cr as Q4 TCV crosses $10 billion

TCS reported a 16.94% growth in total sales revenues for the March 2023 quarter on a consolidated basis at Rs59,162cr. Full-year revenue growth stood at 13.7% in constant currency (CC) terms. Quarterly revenues grew 10.7% in CC terms. Full year growth was led by North America at 15.3%, UK at 15% and India at 14.6%.  On the verticals, the growth was led by the retail business at 13% and the Lifescience business at 12.3%. During FY23, TCS added 60 clients in the premium $100 million plus bracket and 133 clients in the $50 million plus category. K Krithivasan takes over as CEO from Rajesh Gopinath effective June 2023. FY23 order book total contract value (TCV) stood at $34.1 billion with Q4 at $10 billion.

Financial highlights for Mar-23 compared yoy and sequentially

 TCS Ltd    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 59,162

₹ 50,591

16.94%

₹ 58,229

1.60%

Operating Profit (Rs cr)

₹ 14,216

₹ 12,383

14.80%

₹ 14,124

0.65%

Net Profit (Rs cr)

₹ 11,392

₹ 9,926

14.77%

₹ 10,846

5.03%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 31.14

₹ 26.85

 

₹ 29.64

 

OPM

24.03%

24.48%

 

24.26%

 

Net Margins

19.26%

19.62%

 

18.63%

 

 

Consolidated Profit after tax (PAT) for March 2023 quarter was up 14.77% at Rs11,392cr on the back of improved operating performance. Operating margins stood at a healthy 24.1% for the full year and 24.5% in Q4FY23. However, attrition continued higher than historical levels at 20.1% in FY23. PAT margins at 19.26% in Mar-23 quarter compared with 19.62% in the Mar-22 quarter and 18.63% in Dec-22 quarter. For the full year, TCS reported free cash flows of Rs41,440 crore. The final dividend payout was Rs24 per share taking the total dividend payout to shareholders for the year to Rs45,602 crore.

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