TCS Q4 FY2023 net profit up increases by 15% to Rs 11,436cr

TCS Q4 FY2023 results : Tata Consultancy Services (TCS) has reported a net profit of INR 11,436 crores for the fourth quarter of the fiscal year 2022-2023 (Q4 FY2023) that ended 31 March 2023, which is an increase of 14.8% year-over-year (YoY), compared to INR 9,959 crores in the same quarter of the previous fiscal year.

In the third quarter of FY2023, the Indian IT services company made a net profit of INR 10,846 crores.

The earnings per share in Q4 FY2023 for Tata Consultancy Services were INR 31.14, an increase of 16%, compared to INR 26.85 in the same quarter of the previous fiscal year.

The Indian IT services company had revenue of INR 60,337 crores for the reported quarter, an increase of 17% compared to INR 51,572 crores in Q4 FY2022.

In the previous quarter, that is Q3 FY2023, Tata Consultancy Services earned revenue of INR 58,229 crores.

TCS Q4 FY2023 results. Photo courtesy of Rameshng/Wikipedia.org.

For the year ended 31 March 2023, Tata Consultancy Services made a net profit of INR 42,303 crores, an increase of 10% compared to INR 38,449 crores in the previous fiscal year.

The company’s revenue for FY2023 was INR 2,28,907 crores, an increase of 17% compared to INR 1,95,772 crores in FY2022.

Rajesh Gopinathan — Tata Consultancy Services CEO and Managing Director, commenting on TCS Q4 FY2023 results, said: “It is very satisfying to look back at our strong growth in FY 2023, on top of the mid-teen growth in the prior year. The strength of our order book demonstrates the resilience of demand for our services and gives us visibility for growth in the medium term.”