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<keyword id="22373997" type="General" weightage="20" keywordseo="IT-behemoth" source="keywords">IT behemoth</keyword> <keyword id="19950203" type="General" weightage="20" keywordseo="TCS" source="keywords" meta.keywordsubtype="org" meta.entityname="TCS" meta.hostid="261" meta.entityid="TCS">TCS</keyword> reported its <keyword id="22373996" type="General" weightage="20" keywordseo="Q1FY25" source="keywords">Q1FY25</keyword> results. The stock closed at Rs 3,902, down by 0.18%. The stock has offered a YTD (yield to date) of 2.39% while inching up almost 19% over the last year. The company announced an interim dividend of Rs 10/share for FY2024-25. The company reported an above-expectations growth for the quarter, while its margins remained largely in line with what the D-street had been anticipating. <br /><br /><h2>Strong net profits, margins</h2>On expected lines, the <keyword id="6354185" type="General" weightage="20" keywordseo="IT" source="Orion">IT</keyword> giant's net <keyword id="19933742" type="General" weightage="20" keywordseo="profit" source="keywords">profit</keyword> is down by 3.2% on a quarter-on-quarter (QoQ) basis and up by 8.7% on a YoY basis, standing at Rs 12,040 crore for this quarter. Last quarter, this figure stood at Rs 12,434 crore. The company's consolidated EBIT (earnings before interest and tax) margins stood at 24.7%, witnessing an expansion of 1.5% on a year-on-year (YoY) basis. <br /><br />The company's revenue jumped up by 2.2% on a quarter-on-quarter basis and a 5.4% on a YoY basis, reaching Rs 62,613 crore for April-June 2024, as opposed to Rs 61,237 crore in the quarter before. The company's PAT (<keyword id="19933742" type="General" weightage="20" keywordseo="profit" source="keywords">profit</keyword> after tax) saw a marginal dip on a QoQ basis of 3.2%, reaching Rs 120.4 billion. However, on a YoY basis, PAT saw a robust 8.7% growth. The company TCV (total contract value) or order book for the quarter dipped significantly by 37.1% to $8.3 billion, also registering a fall of 18.6% on a YoY basis. <br /><br /><h2>Dip in attrition, rise in employee count</h2>However, the company managed to add 5,452 employees to its workforce, as opposed to losing 1,759 employees during the previous quarter. This takes the company's total workforce to 6,06,998. Its attrition rate, at 12.1% this quarter, also came down from 12.5% from the previous quarter. Per the company,  AI Cloud, Cyber Security and Enterprise Solutions led their growth this quarter.<br /><br />The company also saw a YoY growth (in constant currency terms) of 61.8% in its India markets, jumping from 4.9% in Q1FY24 to 7.5% in <keyword id="22373996" type="General" weightage="20" keywordseo="Q1FY25" source="keywords">Q1FY25</keyword>. The company's client base of ones worth over $100 million and $50 million increased by 3 each during the year. On the other hand, clients worth over $10 million rose by 18, and ones over $1 million inched up by 42 on a YoY basis. <br /><br /><br />

TCS Q1 results 2024: Contract values, net profits take a hit as PAT, employee count sees hike

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TCS Q1 results 2024: Contract values, net profits take a hit as PAT, employee count sees hike

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