Key takeaways from TCS Q1FY25 results: Profit, revenue, attrition rate, margin, interim dividend, and more

Key takeaways from TCS Q1FY25 results: Tech giant Tata Consultancy Services, which is India's second-largest company in the terms of market value, reported its first quarter results for the financial year 2024-25 on Thursday (July 11, 2024). The large-cap IT giant reported a consolidated net profit of Rs 12,040 crore. Along with that, the company also reported an interim dividend of Rs 10, or 1,000 per cent, on value of Rs 1 each. As the firm is the first IT giant to report its results this earning season, here's are the key takeaways from its first-quarter results. 
  

Profit after tax

The IT giant reported a consolidated net profit of Rs 12,040 crore for the April-June period, a 3.2 per cent decline sequentially.

But it was in line with Zee Business analysts' expectations. 

Revenue

The software giant reported first-quarter revenue of Rs 62,613 crore. It was an increase of 2.2 per cent on a quarter-on-quarter (QoQ) basis, as per a regulatory filing on Thursday.

Zee Business analysts had estimated a net profit of Rs 12,050 crore and revenue of Rs 62,280 crore for the April-June quarter. 

Attrition

The software exporter saw a net headcount addition of 5,452.

It helped increase its workforce strength to 606,998 .

The last 12-month attrition rate was further down to 12.1 per cent.

Margin

TCS' margin was contracted by 130 basis points to 24.7 per cent on a sequential basis.

The research team had pegged it at 24.5 per cent.

Interim dividend

The IT giant also announced an interim dividend of 1,000 per cent, or Rs 10 per share of the face value of Rs 1 each. 

The record date for the interim divided is July 20, while the payment date for it is August 5. 

TCS share price

Before the company announced its Q4 results, its stock closed the trading session on BSE on Thursday up by 0.33 per cent, or Rs 12.80, at Rs 3,922.70