Info-tech

TCS net rises 14.9% to ₹9,246 cr in Q4

Our Bureau Mumbai | Updated on April 12, 2021

Rajesh Gopinathan, CEO of TCS Dhiraj Singh

Adds 19,388 employees, the highest-ever in a quarter

Riding on an acceleration in digital technologies and improving demand, Tata Consultancy Services (TCS) posted a 14.9 per cent rise in consolidated net profit at ₹9,246 crore for the fourth quarter ended March 31. In comparison, the IT major had posted a net profit of ₹8,049 crore in the same period last year, TCS said in a regulatory filing.

For the full-year ended March 31, TCS recorded a net profit of ₹32,430 crore , up from ₹32,340 crore in the comparable period of last year.

The company’s total income rose to ₹44,636 crore (₹40,684 crore) during the quarter, while that for the full year stood at ₹1,67,311 crore (₹1,61,541 crore).

Growth opportunity

“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 FY22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge,” Rajesh Gopinathan, Chief Executive Officer and Managing Director, said.

TCS has also recommended a final dividend of ₹15 per share.

All the company’s business verticals — including BFSI (up 7 per cent), retail and consumer packaged goods (4 per cent), lifesciences and healthcare (3.8 per cent), manufacturing (3.9 per cent) and technology and Services (2.8 per cent) — posted growth on quarter-on-quarter basis. However, on a year-on-year basis, verticals such as retail and CPG (fell 0.9 per cent) and communications and media (down 4 per cent) posted negative growth.

“I am pleased to note that in FY21, leading organisations 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 programmes, always holding ourselves accountable for the results,” TCS Chief Operating Officer and Executive Director N Ganapathy Subramaniam said.

Workforce addition

The Mumbai-headquartered company added 19,388 employees, its highest-ever net addition in a quarter. With a net addition of 40,185 personnel, the company’s total headcount rose to 4,88,649 during the year.

TCS’ shares closed 2.43 per cent lower at ₹3,241.45 on the BSE on Monday.

Published on April 12, 2021

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