By H.JanGra April 11, 2022
TCS India’s largest IT services company and the second most valuable firm, on April 11 reported a consolidated net profit of Rs 9,926 crore for the fourth quarter ended March 2022
TCS on April 11 reported a consolidated net profit of Rs 9,926 crore for the fourth quarter ended March 2022, registering a 7 percent on-year growth, the growth in profit is 2 percent.
The company had reported a consolidated profit after tax (PAT) of Rs 9,246 crore in the corresponding quarter last year. In the December quarter, its PAT stood at Rs 9,769 crore.
The consolidated revenue for TCS during the January - March period stood at Rs 50,591 crore, up 16 percent from the year-ago quarter
Revenue has increased by 3 percent on a quarterly basis. In constant currency, the increase in revenue is 14.3 percent year-on-year (YoY).
The company had reported consolidated revenue of Rs 43,705 crore in the corresponding quarter a year ago. Its revenues during the October-December period came in at Rs 48,885 crore.
For the full year period (April-March 2022), the consolidated profit was recorded at Rs 38,327 crore, which is a growth of 18 percent from a profit of Rs 32,430 crore reported for FY21
Consolidated revenue for FY22 stood at Rs 1,91,754 crore, a 17 percent rise from the revenue of Rs 164,177 crore reported for FY21
In constant currency, the growth in revenue was 15.4 percent on year.
The company recorded its highest ever order book TCV (total contract value) of $11.3 billion during the quarter, taking the total deal TCV value to $34.6 billion for FY22.