TCS Q4: Net profit jumps 14.87% YoY to Rs 9,246 crore, declares Rs 15 dividend
Consolidated revenue from operations growth came in at 9.4%1 to Rs 43,705 crore as against Rs 39,946 crore a year ago
India’s largest information technology company Tata Consultancy Services on Monday reported that its consolidated net profit grew by 14.87% on a year-on-year basis to Rs 9,246 crore for the quarter ended March 2021 compared to Rs 8,049 crore earned in the same quarter last year.
Consolidated revenue from operations growth came in at 9.4%1 to Rs 43,705 crore as against Rs 39,946 crore a year ago. The company declared a dividend of Rs 15 per share.
Commenting on the earnings outlook Rajesh Gopinathan, Chief Executive Officer and Managing Director of TCS said, “Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity. Our focus going into FY 22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge.”
In Q4FY21, TCS added 19,388 employees to its payrolls on a net basis, its highest ever net addition in a quarter. The total headcount stood at 488,649, a net addition of 40,185 during the year. While the Q4 order book stood at $9.2 billion with the highest-ever total contract value registered in the quarter.
On annual basis its revenue from operations grew at 4.1% to Rs 1,64,177 crore from 1,56,949 crore in March 2020. While its bottom line remained flat in FY21 at Rs 32,430 crore compared to Rs 32,340 crore.
“I am pleased to note that in FY 21, leading organizations partnered with TCS in their growth and transformation journeys. Many of them benefited from our refreshingly different consultative approach to shaping, contracting, executing, and measuring the success of transformation programs, always holding ourselves accountable for the results,” said N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, TCS.