TCS Q1FY23 consolidated Result : Net cash from Ops at ₹10,810 Cr, PAT down 4.51% QOQ but up 5.2% YoY

Order Book at $8.2 billion | Book to Bill at 1.2 Stellar client metrics: 9 new clients added to the 100Mn+ band YoY; 19 clients added to the $50Mn+ band Workforce crosses the 600K milestone: Headcount at 606,331 North America (+19.1% CC), Retail (+25.1% CC) lead among segments

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Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company with its headquarters in Mumbai. It is a part of the Tata Group and operates in 149 locations across 46 countries.

TCS is the second largest Indian company by market capitalisation and is among the most valuable IT service brands worldwide. In 2015, TCS was ranked 64th overall in the Forbes “World’s Most Innovative Companies” ranking, making it one of the highest-ranked IT services companies and a top Indian company, and ranked 2nd in the world in 2021. The company has posted its Q1FY23 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹53,547 crore in the quarter ended on June 30, 2022 as against ₹51,572 crore in the corresponding quarter ended last year on Mar 31, 2022, increased by 3.83%.

The company has posted a consolidated Net Profit of ₹9,478 crore in the quarter ended on June 30, 2022 as against ₹9,926 crore in the corresponding quarter ended in last year on Mar 31, 2022. The PAT surges down by -4.51%.

The status of the EPS of the company stood at ₹25.90 as on June 30, 2022 compared to the previous quarter ended on Mar 31, 2022 which was ₹26.85, down by -3.54%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income53,54751,572
Total Expenses40,77138,208
PBT /(Loss)12,77613,364
Total Tax /(credit)3,2573,405
PAT /(Loss) [to the owners]9,4789,926
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Quarter Ended (YoY comparison) :

The company has reported, a consolidated Total Income of ₹53,547 crore in the financial year ended on June 30, 2022 as against ₹46,132 crore for the financial year ended on Mar 31, 2022, increased by 16.07%.

The company has posted a consolidated Net Profit of ₹9,478 crore in the financial year ended on June 30, 2022 as against ₹9,008 crore for the financial year ended on March 31, 2022. The PAT surges up by 5.22%.

The status of the EPS of the company stood at ₹25.90 as on June 30, 2022 compared to the previous year ended on March 31, 2022 which was ₹24.35, up by 6.37%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income53,54746,132
Total Expenses40,77133,969
PBT /(Loss)12,77612,163
Total Tax /(credit)3,2573,132
PAT /(Loss) [to the owners]9,4789,008
*figures are in Crores

>TCS Interim Dividend announced, July 08, 2022 – Click to know more.

(III) Key Highlights about the Performance :

Market Times/company results

  • Order Book at $8.2 billion | Book to Bill at 1.2
  • Stellar client metrics: 9 new clients added to the 100Mn+ band YoY; 19 clients added to the $50Mn+ band
  • Workforce crosses the 600K milestone: Headcount at 606,331
  • North America (+19.1% CC), Retail (+25.1% CC) lead among segments
  • Net Cash from Operations at ₹10,810 crore ie, 114.1% of Net Income
  • Constant Currency revenue growth: 15.5% up YoY
  • Operating Margin at 23.1% and contraction of 2.4% YoY

Shares of Tata Consultancy Services Limited was last trading in BSE at ₹3286.95 as compared to the previous close of ₹3260.30. The total number of shares traded during the day was 77239 in over 7213 trades.

The stocks of TCS last hit in BSE,

  • Intraday High of ₹ 3300.00
  • Intraday low of ₹ 3250.05