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TCS Q4 Results 2022

20 April 2022
3 minutes

India’s largest IT services company Tata Consultancy Ltd posted its results for Q4 FY22 on April 11, 2022. 

The company reported a 7.2% YoY jump in its consolidated PAT which came in at Rs 9,959 crore against Rs 9,282 crore in the corresponding quarter in FY21. On a sequential basis, TCS reported a marginal increase of 1.5% in its PAT which grew to Rs 9,959 crore during the quarter 

TCS closed the financial year 2022 with its highest ever incremental revenue addition and an all-time high order book.

TCS’ revenue from operations remained largely flat on a QoQ basis, while it increased 15.7% YoY to Rs 50,591 crore. Despite nearly a Rs 5,000 YoY jump in its employee benefit expenses, the company reported an increase in its attrition rate. This rate climbed to 17.4% from 11.9% in the quarter ended on December 31, 2021.

The company has made significant gains after the global economy reopened amid a high demand for cloud services, IoT, 5G, cyber security, and data analytics. TCS reported its total income for the quarter jumped to Rs 51,572 crore from Rs 50,090 crore in the previous quarter and Rs 44,636 crore in the previous year.

TCS’ stock closed in the green at Rs 3,699.00 per share, up by 0.36% on April 11, 2022 ahead of its quarterly results. 

The company also announced a final dividend payout of Rs 22 per share with a face value of Rs 1 each.

TCS Q4 Results 2022 – Hits

  • PAT up by 7.2% YoY to Rs 9,959 crore compared to previous year
  • Revenue from operations up by 15.7% YoY to Rs 50,591 crore from Rs 43,705 crore in the year ago period
  • Total income up by 15.5% YoY to Rs 51,572 crore from Rs 44,636 crore in the previous year
  • TCS announces a dividend pay out of Rs 22 per share for shareholders
  • Highest ever order book TCV of $11.3 billion in Q4 FY22, $34.6 billion in FY22
  • Highest Ever Incremental Revenue in a Year: $3.533 billion

Misses of TCS Results Q4 22

  • PAT and revenue remain largely flat on a QoQ basis
  • Other income down by 18.5% QoQ at Rs 981 crore against Rs 1,205 crore in the previous year
  • Marginal increase in total income on a QoQ basis
  • The company’s attrition rate increased to 17.4% in the quarter under review

Segment-wise revenue

  • Banking, Financial Services and Insurance: Revenue up by 11.2% YoY to Rs 19,532 crore from Rs 17,559 crore
  • Manufacturing: Revenue up by 17.5% YoY to Rs 4,951 crore from Rs 4,213 crore
  • Retail and Consumer Business: Revenue up by 21.1% YoY to Rs 8,209 crore 
  • Communication, Media and Technology: Revenue up by 20.3% YoY to Rs 8,475 crore 
  • Life Sciences and Healthcare: Revenue up by 19.7% YoY to Rs 5,416 crore 
  • Others: Revenue up by 11.6% YoY to Rs 4,008 crore 

What the Management says

Rajesh Gopinathan, Chief Executive Officer and Managing Director, said that the company closed FY 22 on a strong note. The company witnessed mid-teen growth and adding the maximum incremental revenue ever. Along with an all-time high order book provide a strong and sustainable foundation for continued growth ahead.

Other things to know about TCS

  • The company completed a share buyback worth Rs 18,000 crore in the first week of March 2022 with 220 million shares being tendered via the company’s buyback offer.
  • TCS has a P/E ratio of 41.55 against the industry average of 38.66 while its P/B ratio is at 15.47 against the industry average of 9.31.
  • TCS has a dividend yield of 1.04% against the industry average of 1.12%

To read the RA disclaimer, please click here.
Research Analyst: Bavadharini KS

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