TCS reports a 15% increase in Q4 net profit.
On Monday, Tata Consultancy Services reported that its consolidated net profit grew 14.9% compared with the year-earlier period to ₹9,246 crores for the fourth quarter which ended on March 31, 2021. Further, their revenue has increased by 9.4% to ₹43,705 crores and the constant currency growth was 5.9% year-on-year.
The net margin was reported 1% more than the year-earlier period at 21.2%. Their Operating margin grew 1.7% at 26.8%. Further, the board has proposed a final dividend of ₹15 per share.
The company reported a net profit of ₹33,388 crores on revenue of ₹1,64,177 crore, up by 4.6% for the Financial Year 2021.
Rajesh Gopinathan, CEO and MD, 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”. He added, “Our focus going into FY22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge”. Further, V. Ramakrishnan, CFO, said, “Our performance in Q4 caps three-quarters of consistently robust performance in a pandemic year, and gives us a strong exit from FY21”.
The BFSI rose by 13.3% (y-o-y), retail and CPG were down by 0.9%, life sciences and healthcare were up by 19.3%, manufacturing was up by 1.3%, technology & services grew by 3.9%, and communications & media went down by 4% during the quarter.
Continental Europe led the growth at 11.7%, North America grew 5.9%, and the U.K. 1%.