Interim report
Page 1
Year ended December 31, September 30, December 31, December 31, December 31, March 31, 2024 2024 2023 2024 2023 2024 Revenue from operations 63,973 64,259 60,583 1,90,845 1,79,656 2,40,893 Other income 1,243 729 862 2,934 3,265 4,422 TOTAL INCOME 65,216 64,988 61,445 1,93,779 1,82,921 2,45,315 Expenses Employee benefit expens es 35,956 36,654 34,722 1,09,026 1,04,993 1,40,131 Cos t of equipment and s oftware licences 3,519 3,230 1,173 8,900 2,141 3,702 Finance cos ts 234 162 230 569 552 778 Depreciation and amortis ation expens e 1,377 1,266 1,233 3,863 3,739 4,985 Other expens es 7,464 7,644 8,300 22,492 25,390 32,764 TOTAL EXPENSES 48,550 48,956 45,658 144,850 136,815 1,82,360 PROFIT BEFORE EXCEPTIONAL ITEM AND TAX 16,666 16,032 15,787 48,929 46,106 62,955 Exceptional item Settlement of legal claim - - 958 - 958 958 PROFIT BEFORE TAX 16,666 16,032 14,829 48,929 45,148 61,997 Tax expense Current tax 4,217 4,078 3,633 12,585 11,456 15,864 Deferred tax 5 (1) 99 (160) 95 34 TOTAL TAX EXPENSE 4,222 4,077 3,732 12,425 11,551 15,898 PROFIT FOR THE PERIOD 12,444 11,955 11,097 36,504 33,597 46,099 OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeas urement of defined employee benefit plans 41 (38) (70) 54 (65) (2) Net change in fair values of inves tments in equity s hares carried at fair value through OCI (6) (12) - (18) - (6) Income tax on items that will not be reclassified subsequently to profit or loss (14) 10 12 (22) 4 (11) Items that will be reclassified subsequently to profit or loss Net change in fair values of inves tments other than equity s hares carried at fair value through OCI (133) 392 54 313 29 237 Net change in intrins ic value of derivatives des ignated as cas h flow hedges 29 (14) (82) 19 (8) 1 Net change in time value of derivatives des ignated as cas h flow hedges 22 (23) - - (2) 13 Exchange differences on trans lation of financial s tatements of foreign operations (780) 835 718 (237) 522 44 Income tax on items that will be reclassified subsequently to profit or loss 21 (89) 5 (82) 19 (39) TOTAL OTHER COMPREHENSIVE INCOME / (LOSSES) (820) 1,061 637 27 499 237 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 11,624 13,016 11,734 36,531 34,096 46,336 Profit for the period attributable to: Shareholders of the Company 12,380 11,909 11,058 36,329 33,474 45,908 Non-controlling interes ts 64 46 39 175 123 191 12,444 11,955 11,097 36,504 33,597 46,099 Other comprehensive income for the period attributable to: Shareholders of the Company (776) 987 609 30 525 299 Non-controlling interes ts (44) 74 28 (3) (26) (62) (820) 1,061 637 27 499 237 Total comprehensive income for the period attributable to: Shareholders of the Company 11,604 12,896 11,667 36,359 33,999 46,207 Non-controlling interes ts 20 120 67 172 97 129 11,624 13,016 11,734 36,531 34,096 46,336 Paid up equity s hare capital (Face value: `1 per s hare) 362 362 362 362 362 362 Total reserves (including Non-controlling interests) 90,957 (` crore) Audited Consolidated Interim Statement of Financial Results Tel: +91 22 6778 9595 e-mail: investor.relations@tcs.com Website: www.tcs.com CIN: L22210MH1995PLC084781 Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 TATA CONSULTANCY SERVICES LIMITED Three months ended Nine months ended Earnings per equity share:- Basic and diluted ( `) 34.21 32.92 30.29 100.40 91.55 125.88 Dividend per share (Par value `1 each) Interim dividend on equity shares ( `) 76.00 10.00 27.00 96.00 45.00 45.00 Final dividend on equity shares ( `) - - - - - 28.00 Total dividend on equity shares ( `) 76.00 10.00 27.00 96.00 45.00 73.00 Total equity dividend percentage 7,600 1,000 2,700 9,600 4,500 7,300
Page 2
Year ended December 31, September 30, December 31, December 31, December 31, March 31, 2024 2024 2023 2024 2023 2024 SEGMENT REVENUE Banking, Financial Services and Insurance 23,481 23,785 22,667 70,340 68,169 90,928 Manufacturing 6,194 6,310 5,931 18,775 17,354 23,491 Consumer Business 10,035 10,025 9,817 30,051 29,466 39,357 Communication, Media and Technology 11,989 12,088 9,932 34,871 29,100 39,391 Life Sciences and Healthcare 6,426 6,630 6,726 19,965 19,987 26,745 Others 5,848 5,421 5,510 16,843 15,580 20,981 Total 63,973 64,259 60,583 1,90,845 1,79,656 2,40,893 SEGMENT RESULT Banking, Financial Services and Insurance 6,403 6,345 5,951 18,759 17,269 23,574 Manufacturing 2,042 2,063 1,869 6,196 5,168 7,268 Consumer Business 2,971 2,695 2,583 8,293 7,533 10,252 Communication, Media and Technology 2,390 2,357 2,833 7,206 8,249 10,918 Life Sciences and Healthcare 1,816 1,849 1,926 5,757 5,544 7,611 Others 1,412 1,422 1,226 4,216 3,369 4,673 Total 17,034 16,731 16,388 50,427 47,132 64,296 Unallocable expenses* 1,611 1,428 2,421 4,432 5,249 6,721 Operating income 15,423 15,303 13,967 45,995 41,883 57,575 Other income 1,243 729 862 2,934 3,265 4,422 PROFIT BEFORE TAX 16,666 16,032 14,829 48,929 45,148 61,997 Three months ended Nine months ended TATA CONSULTANCY SERVICES LIMITED Audited Consolidated Interim Segment Information (` crore) Note: The assets and liabilities of the Group are used interchangeably amongst segments. Allocation of such assets and liabilities is not practicable and any forced allocation would not result in any meaningful segregation. Hence, assets and liabilities have not been identified to any of the reportable segments. *Includes settlement of legal claim of `958 crore in the three and nine months ended December 31, 2023 and year ended March 31, 2024.
Page 3
Select explanatory notes to the Statement of Audited Consolidated Interim Financial Results for three month s and nine-months ended December 31, 2024 1. Audited Consolidated Interim Statement of Financial Results for the three month s and nine-months ended December 31, 2024 have been prepared in accordance with the Indian Accounting Standard (referred to as "Ind AS") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time . These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 9, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2. The Board of Directors at its meeting held on January 9, 2025, has declared an interim dividend of `10.00 per equity share and special dividend of `66.00 per equity share. 3. The results for three month s and nine months ended December 31, 202 4, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company’s website (URL: www.tcs.com/investors). For and on behalf of the Board of Directors Mumbai K Krithivasan January 9, 2025 CEO and Managing Director
Page 4
Year ended December 31, September 30, December 31, December 31, December 31, March 31, 2024 2024 2023 2024 2023 2024 Revenue from operations 53,883 53,990 50,844 1,60,717 1,50,871 2,02,359 Other income 2,118 3,185 1,809 7,720 5,467 7,273 TOTAL INCOME 56,001 57,175 52,653 1,68,437 1,56,338 2,09,632 Expenses Employee benefit expens es 26,613 26,815 25,511 80,085 77,508 1,03,139 Cos t of equipment and s oftware licences 3,463 3,163 1,120 8,699 1,863 3,347 Finance cos ts 211 146 204 502 476 673 Depreciation and amortis ation expens e 1,125 1,008 964 3,102 2,912 3,887 Other expens es 9,080 9,454 9,850 28,073 30,199 40,026 TOTAL EXPENSES 40,492 40,586 37,649 1,20,461 1,12,958 1,51,072 PROFIT BEFORE EXCEPTIONAL ITEM AND TAX 15,509 16,589 15,004 47,976 43,380 58,560 Exceptional item Settlement of legal claim - - 958 - 958 958 PROFIT BEFORE TAX 15,509 16,589 14,046 47,976 42,422 57,602 Tax Expense Current tax 3,638 3,602 3,263 11,049 10,253 14,178 Deferred tax 39 (7) 30 (14) 3 (135) TOTAL TAX EXPENSE 3,677 3,595 3,293 11,035 10,256 14,043 PROFIT FOR THE PERIOD 11,832 12,994 10,753 36,941 32,166 43,559 OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeas urement of defined employee benefit plans 21 (35) (100) (29) (113) (60) Net change in fair values of inves tments in equity s hares carried at fair value through OCI - - - - - - Income tax on items that will not be reclassified subsequently to profit or loss (6) 9 22 7 25 13 Items that will be reclassified subsequently to profit or loss Net change in fair values of inves tments other than equity s hares carried at fair value through OCI (134) 392 54 312 29 237 Net change in intrins ic value of derivatives des ignated as cas h flow hedges 29 (14) (82) 19 (8) 1 Net change in time value of derivatives des ignated as cas h flow hedges 22 (23) - - (2) 13 Income tax on items that will be reclassified subsequently to profit or loss 20 (89) 5 (83) 18 (39) TOTAL OTHER COMPREHENSIVE INCOME / (LOSSES) (48) 240 (101) 226 (51) 165 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 11,784 13,234 10,652 37,167 32,115 43,724 Paid up equity s hare capital (Face value: `1 per s hare) 362 362 362 362 362 362 Total reserves 71,758 Three months ended Nine months ended (` crore) Audited Standalone Interim Statement of Financial Results TATA CONSULTANCY SERVICES LIMITED Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021 CIN: L22210MH1995PLC084781 Tel: +91 22 6778 9595 e-mail: investor.relations@tcs.com Website: www.tcs.com Earnings per equity share:- Basic and diluted ( `) 32.71 35.91 29.45 102.11 87.97 119.44 Dividend per share (Par value `1 each) Interim dividend on equity shares ( `) 76.00 10.00 27.00 96.00 45.00 45.00 Final dividend on equity shares ( `) - - - - - 28.00 Total dividend on equity shares ( `) 76.00 10.00 27.00 96.00 45.00 73.00 Total equity dividend percentage 7,600 1,000 2,700 9,600 4,500 7,300
Page 5
Select explanatory notes to the Statement of Audited Standalone Interim Financial Results for three months and nine-months ended December 31, 2024 1. Audited Standalone Interim Statement of Financial Results for the three month s and nine-months ended December 31, 2024 have been prepared in accordance with the Indian Accounting Standard (referred to as "Ind AS") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to tim e. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 9, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2. The Board of Directors at its meeting held on January 9, 2025, has declared an interim dividend of `10.00 per equity share and special dividend of `66.00 per equity share. 3. The results for three month s and nine months ended December 31, 202 4, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company’s website (URL: www.tcs.com/investors). For and on behalf of the Board of Directors Mumbai K Krithivasan January 9, 2025 CEO and Managing Director