Tata Consultancy Services Limited (BOM: 532540)

Tata Consultancy Services Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	2,486,920	2,408,930	2,254,580	1,917,540	1,641,770	1,569,490
Revenue Growth (YoY)	5.17%	6.85%	17.58%	16.80%	4.61%	7.16%
Cost of Revenue	1,510,450	1,438,330	1,294,030	1,087,170	932,760	878,570
Gross Profit	976,470	970,600	960,550	830,370	709,010	690,920
Selling, General & Admin	32,670	31,000	26,550	21,390	21,310	27,020
Other Operating Expenses	274,350	296,640	341,410	278,500	222,230	242,800
Operating Expenses	356,670	377,490	418,180	345,930	284,190	305,110
Operating Income	619,800	593,110	542,370	484,440	424,820	385,810
Interest Expense	-7,960	-7,780	-7,790	-7,840	-6,370	-9,240
Interest & Investment Income	33,330	38,220	32,630	26,670	25,120	35,720
Currency Exchange Gain (Loss)	40	2,230	-1,590	10,450	2,480	7,270
Other Non Operating Income (Expenses)	600	510	970	870	560	190
EBT Excluding Unusual Items	645,810	626,290	566,590	514,590	446,610	419,750
Gain (Loss) on Sale of Investments	2,860	3,120	2,240	1,980	2,040	2,140
Gain (Loss) on Sale of Assets	130	70	260	230	130	460
Legal Settlements	-9,580	-9,580	-	-	-12,180	-
Other Unusual Items	190	70	-20	70	1,000	130
Pretax Income	639,410	619,970	569,070	516,870	437,600	422,480
Income Tax Expense	162,820	158,980	146,040	132,380	111,980	98,010
Earnings From Continuing Operations	476,590	460,990	423,030	384,490	325,620	324,470
Minority Interest in Earnings	-2,180	-1,910	-1,560	-1,220	-1,320	-1,070
Net Income	474,410	459,080	421,470	383,270	324,300	323,400
Net Income to Common	474,410	459,080	421,470	383,270	324,300	323,400
Net Income Growth	6.24%	8.92%	9.97%	18.18%	0.28%	2.76%
Shares Outstanding (Basic)	3,626	3,647	3,659	3,699	3,740	3,752
Shares Outstanding (Diluted)	3,626	3,647	3,659	3,699	3,740	3,752
Shares Change (YoY)	-0.89%	-0.33%	-1.08%	-1.10%	-0.33%	-0.99%
EPS (Basic)	130.82	125.88	115.19	103.62	86.71	86.19
EPS (Diluted)	130.82	125.88	115.19	103.62	86.71	86.19
EPS Growth	7.20%	9.29%	11.16%	19.50%	0.61%	3.78%
Free Cash Flow	414,100	421,360	394,330	374,660	360,830	298,310
Free Cash Flow Per Share	114.19	115.54	107.77	101.29	96.48	79.50
Dividend Per Share	57.000	55.000	48.000	43.000	38.000	33.000
Dividend Growth	14.00%	14.58%	11.63%	13.16%	15.15%	10.00%
Gross Margin	39.26%	40.29%	42.60%	43.30%	43.19%	44.02%
Operating Margin	24.92%	24.62%	24.06%	25.26%	25.88%	24.58%
Profit Margin	19.08%	19.06%	18.69%	19.99%	19.75%	20.61%
Free Cash Flow Margin	16.65%	17.49%	17.49%	19.54%	21.98%	19.01%
EBITDA	651,870	625,800	576,250	514,880	450,470	408,420
EBITDA Margin	26.21%	25.98%	25.56%	26.85%	27.44%	26.02%
D&A For EBITDA	32,070	32,690	33,880	30,440	25,650	22,610
EBIT	619,800	593,110	542,370	484,440	424,820	385,810
EBIT Margin	24.92%	24.62%	24.06%	25.26%	25.88%	24.58%
Effective Tax Rate	25.46%	25.64%	25.66%	25.61%	25.59%	23.20%
Revenue as Reported	2,524,020	2,453,150	2,289,070	1,957,720	1,673,110	1,615,410

Source: S&P Capital IQ. Standard template. Financial Sources.