Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q4 FY2024-25 Earnings Presentation

33 slides from Tata Consultancy Services's earnings presentation, Apr 10, 2025

  1. Slide 1: TCS Financial Results

    TCS Financial Results Quarter IV & Year Ended FY 2024-25 Apr 10, 2025

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertai

  3. Slide 3: Quarterly Financial Performance

    Quarterly Financial Performance

  4. Slide 4: Q4 FY25 Performance Highlights

    Q4 FY25 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 644,790 Mn, up 5.3% YoY - USD Revenue of $ 7,465 Mn, up 1.4% YoY - Constant currency revenue up 2.5% YoY ➢ Profit: - Operating Margin at 24.2% - Net Margin at 19.0% - Cash flow from operations at 125.1% of net profit ➢ Demand: - Clients $1

  5. Slide 5: Growth Summary (INR)

    Growth Summary (INR) Revenue Y-o-Y Growth Y-o-Y Growth CC 626,130 642,590 639,730 644,790 612,370 7.6% 5.4% 5.6% 5.3% ` Million 3.5% 5.5% 4.4% 4.5% 2.2% 2.5% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Operating Income Operating margin (%) 159,180 154,420 154,650

  6. Slide 6: Growth Summary (USD)

    Growth Summary (USD) Revenue Y-o-Y Growth 6.4% Y-o-Y Growth CC 7,363 7,505 7,670 7,539 7,465 4.4% 4.5% $ Million 5.5% 2.5% 2.3% 3.9% 3.6% 2.2% 1.4% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Operating Income Operating margin (%) 1,914 1,851 1,846 1,844 1,807 26.0

  7. Slide 7: Annual Financial Performance

    Annual Financial Performance

  8. Slide 8: FY25 Performance Highlights

    FY25 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 2.55 Tn, growth of 6.0% - USD Revenue of $ 30,179 Mn, growth of 3.8% - Constant currency revenue growth of 4.2% ➢ Profit: - Operating Income at ₹ 621,650 Mn, Operating Margin of 24.3% - Net Income at ₹ 485,530 Mn, $ 5,739 Mn, Net Margin of 19

  9. Slide 9: Growth Summary

    Growth Summary Summary ₹ Summary $ Revenue & Growth (Actual & CC) % Revenue & Growth (Actual & CC) % 2,553,240; 29,080; 30,179; 2,408,930; 6.0% 27,927; 3.8% 2,254,580; 6.8% 4.1% 4.2% 8.6% 4.2% $ Million ` Million 17.6% 3.4% 3.4% 13.7% 13.7% FY23 FY24 FY25 FY23 FY24 FY25 Operating Income & Margin % O

  10. Slide 10: Operational Parameters

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Operational Parameters

  11. Slide 11: Growth by Market

    Growth by Market Y-o-Y YoY Geography (%) Q4 FY24 Q4 FY25 FY24 FY25 CC Growth CC Growth Americas North America 50.0 48.2 - 1.9 51.1 48.2 -1.8 Latin America 2.0 1.8 4.3 2.0 1.9 6.0 Europe UK 16.8 16.8 1.2 16.5 16.8 4.0 Continental Europe 14.6 14.3 1.4 14.9 14.3 0.7 Asia Pacific 7.8 8.1 6.4 7.8 8.0 6.8

  12. Slide 12: Growth by Domain

    Growth by Domain Y-o-Y YoY Vertical (%) Q4 FY24 Q4 FY25 FY24 FY25 CC Growth CC Growth BFSI 31.3 31.2 2.5 32.0 30.9 0.7 Consumer Business 15.7 15.3 - 0.2 15.8 15.3 0.3 Life Sciences & Healthcare 10.9 10.1 - 5.6 10.9 10.4 - 1.6 Manufacturing 8.8 8.4 - 2.9 8.6 8.5 2.9 Technology & Services 8.2 8.1 1.1

  13. Slide 13: Client Parameters

    Client Parameters Clients Contribution Q4 FY24 Q4 FY25 US$ 1m+ Clients 1294 1332 US$ 5m+ Clients 693 723 US$ 10m+ Clients 487 493 US$ 20m+ Clients 301 298 US$ 50m+ Clients 139 130 US$ 100m+ Clients 62 64 *Last Twelve Months' services revenues 13

  14. Slide 14: Human Resources

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Human Resources

  15. Slide 15: Total Employee Base and Talent Development

    Total Employee Base 612,724 • 13.3% LTM Attrition* – IT Services • 35.2 % Women employees 607,354 607,979 • 152 Nationalities 606,998 *Excluding Subsidiaries 603,305 601,546 Talent Development: • 56Mn Learning Hrs (FY25) • 5.2Mn competencies acquired (FY25) Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 • 729K

  16. Slide 16: Annexure

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Annexure

  17. Slide 17: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue 612,370 644,790 100.00 100.00 Cost of revenue 360,460 394,740 58.86 61.22 Gross margin 251,910 250,050 41.14 38.78 SG & A expenses 92,730 94,040 15.14 14.58 Operating income 159,180 156,010 26.00 2

  18. Slide 18: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Employee cost 276,280 291,910 45.12 45.27 Fees to external consultants 27,990 29,060 4.57 4.51 Equipment and software 15,610 27,480 2.55 4.26 Facility expenses 4,850 5,580 0.79 0.87 Depreciation 9,620 10,850 1.57 1.68 Trav

  19. Slide 19: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q4 FY24 Q4 FY25 Net Cash from Operations 124,800 152,940 Capital Expenditure 8,990 25,700 Free Cash Flow 115,810 127,240 Dividends Paid 97,690 274,970 Operating Cash Flow to Sales (%) 20.4 23.7 Operating Cash Flow to Net Profit (%) 100.4 125.1 Total Cash and Investment

  20. Slide 20: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS FY24 FY24 FY25 FY25 Ex Adj* Reported Ex Adj* Reported Revenue 2,408,930 2,408,930 2,553,240 100.00 100.00 100.00 Cost of revenue 1,435,950 1,435,950 1,559,940 59.61 59.61 61.10 Gross margin 972,980 972,980 993,300 40.39 40.39 38.90 SG &

  21. Slide 21: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR FY24 FY24 FY25 FY25 Ex Adj* Reported Ex Adj* Reported Employee cost 1,092,440 1,092,440 1,156,290 45.35 45.35 45.29 Fees to external consultants 149,860 149,860 110,460 6.23 6.23 4.32 Equipment and software 37,020 37,020 116,480 1.53 1.53 4.56 Facility e

  22. Slide 22: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn FY24 FY25 Net Cash from Operations 469,320 514,260 Capital Expenditure 26,500 49,770 Free Cash Flow 442,820 464,490 Dividends Paid 252,180 449,620 Buy Back (incl. expenses) 210,050 - Operating Cash Flow to Sales (%) 19.5 20.1 Operating Cash Flow to Net Profit (%) 102.2

  23. Slide 23: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-24 31-Mar-25 Assets Property and equipment 112,240 129,320 Right-of-use Assets 78,860 92,750 Intangible assets and Goodwill 44,990 49,640 Accounts Receivable 445,610 502,330 Unbilled Revenues 153,000 154,700 Invested Funds 469,6

  24. Slide 24: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue 7,363 7,465 100.00 100.00 Cost of revenue 4,334 4,570 58.86 61.22 Gross margin 3,029 2,895 41.14 38.78 SG & A expenses 1,115 1,088 15.14 14.58 Operating income 1,914 1,807 26.00 24.20 Othe

  25. Slide 25: COR – SG&A Details – In USD

    COR – SG&A Details – In USD $ Million % of Revenue COR Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Employee cost 3,322 3,380 45.12 45.27 Fees to external consultants 337 336 4.57 4.51 Equipment and software 188 318 2.55 4.26 Facility expenses 58 65 0.79 0.87 Depreciation 116 126 1.57 1.68 Travel 69 65 0.94 0.87

  26. Slide 26: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS FY24 FY24 FY25 FY25 Ex Adj* Reported Ex Adj* Reported Revenue 29,080 29,080 30,179 100.00 100.00 100.00 Cost of revenue 17,335 17,335 18,438 59.61 59.61 61.10 Gross margin 11,745 11,745 11,741 40.39 40.39 38.90 SG & A expenses 4

  27. Slide 27: COR – SG&A Details – In USD

    COR – SG&A Details – In USD $ Million % of Revenue COR FY24 FY24 FY25 FY25 Ex Adj* Reported Ex Adj* Reported Employee cost 13,188 13,188 13,668 45.35 45.35 45.29 Fees to external consultants 1,810 1,810 1,305 6.23 6.23 4.32 Equipment and software 446 446 1,376 1.53 1.53 4.56 Facility expenses 233 23

  28. Slide 28: IFRS Statement of Financial Position in USD

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-24 31-Mar-25 Assets Property and equipment 1,346 1,514 Right-of-use Assets 946 1,086 Intangible assets and Goodwill 539 580 Accounts Receivable 5,343 5,880 Unbilled Revenues 1,834 1,811 Invested Funds 5,633 5,526 Other cu

  29. Slide 29: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue 61,237 64,479 100.00 100.00 Expenditure a) Employee Costs 35,138 36,762 57.38 57.01 b) Cost of equipment and software licences 1,561 2,748 2.55 4.26 c) Other Operating expenses 7,3

  30. Slide 30: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS FY24 FY24 FY25 FY25 Ex Adj* Reported Ex Adj* Reported Revenue 240,893 240,893 255,324 100.00 100.00 100.00 Expenditure a) Employee Costs 140,131 140,131 145,788 58.17 58.17 57.10 b) Cost of equipment and software licence

  31. Slide 31: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-24 31-Mar-25 Assets Property and equipment 10,940 12,524 Right-of-use Assets 7,886 9,275 Intangible assets and Goodwill 2,342 2,800 Accounts Receivable 44,561 50,233 Unbilled Revenues 15,300 15,470 Invested Funds 46,963 47,222 Ot

  32. Slide 32: Currency mix and average realized rates in INR

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 USD 83.16 86.37 51.94% 49.70% GBP 105.13 109.68 14.67% 14.70% EUR 90.07 91.46 11.18% 10.97% Others 22.21% 24.63% Total 100.00% 100.00% 32

  33. Slide 33: Thank you

    Thank you Copyright © 2025 Tata Consultancy Services Limited

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