TCS Q4 Results: EBIT margin best in 12 quarters, net profit of ₹12,240 crore

12/04/2024

Tata Consultancy Services Ltd. (TCS) reported a net profit of ₹12,240 crore, a growth of xx% compared to the December quarter. Analysts polled in a CNBC-TV18 estimate had pegged the net profit figure to be ₹12,080 crore.

In rupee terms, TCS reported a revenue growth of 1% compared to the December quarter. The ₹61,237 crore figure was slightly lower with the ₹61,400 crore estimate from a CNBC-TV18 poll.

EBIT or Earnings before Interest and Tax beat expectations to ₹15,918 crore compared to the ₹15,515 crore estimate. TCS’ EBIT was up 5% during the quarter. EBIT Margin also expanded by 100 basis points to 26% from 25% in the previous quarter and higher than the CNBC-TV18 estimate of 25.3%.

Shares of TCS ended 0.5% higher ahead of results at ₹4,003.8.

This is a developing story.

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