Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q3 FY2025 Earnings Presentation

23 slides from Tata Consultancy Services's earnings presentation, Jan 9, 2025

  1. Slide 1: TCS Financial Results

    TCS Financial Results Quarter III Ended FY 2024-25 Jan 09, 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: Q3 FY25 Performance Highlights

    Q3 FY25 Performance Highlights  Revenue: - INR Revenue of ₹ 639,730 Mn, up 5.6% YoY - USD Revenue of $ 7,539 Mn, up 3.6% YoY - Constant currency revenue up 4.5% YoY  Profit: - Operating Margin at 24.5% - Net Margin at 19.4% - Cash flow from operations at 105.3% of net profit  Demand: - Clients $1

  4. Slide 4: Growth Summary (INR)

    Growth Summary (INR) Revenue Y-o-Y Growth Y-o-Y Growth CC 612,370 626,130 642,590 639,730 605,830 7.6% 5.4% 5.6% ` Million 4.0% 3.5% 4.4% 5.5% 4.5% 1.7% 2.2% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Operating Income Operating margin (%) 151,550 159,180 154,420

  5. Slide 5: Growth Summary (USD)

    Growth Summary (USD) Revenue Y-o-Y Growth Y-o-Y Growth CC 6.4% 7,363 7,505 7,670 7,539 7,281 4.4% 4.5% $ Million 2.9% 2.3% 5.5% 3.9% 3.6% 1.7% 2.2% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Operating Income Operating margin (%) 1,821 1,914 1,851 1,846 1,844 26.0

  6. Slide 6: Operational Parameters

    TATA ! t ( KB CONSULTANCY q@ Dv SERVICES TATA Operational Parameters

  7. Slide 7: Growth by Market

    Growth by Market Y-o-Y Geography (%) Q3 FY24 Q3 FY25 CC Growth Americas North America 50.6 47.7 - 2.3 Latin America 2.1 1.9 7.0 Europe UK 16.4 16.6 4.1 Continental Europe 15.0 13.9 - 1.5 Asia Pacific 7.8 7.8 5.8 India 6.1 9.8 70.2 MEA 2.0 2.3 15.0 Total 100.0 100.0 4.5 7

  8. Slide 8: Growth by Domain

    Growth by Domain Y-o-Y Vertical (%) Q3 FY24 Q3 FY25 CC Growth BFSI 31.7 30.5 0.9 Consumer Business 15.7 15.3 1.1 Life Sciences & Healthcare 10.9 10.1 - 4.3 Manufacturing 8.7 8.4 0.4 Technology & Services 8.4 8.0 - 0.4 Communication & Media 6.7 5.8 - 10.6 Energy, Resources and Utilities 5.7 5.6 3.4 R

  9. Slide 9: Client Parameters

    Client Parameters Clients Contribution Q3 FY24 Q3 FY25 US$ 1m+ Clients 1288 1309 US$ 5m+ Clients 693 722 US$ 10m+ Clients 480 497 US$ 20m+ Clients 299 294 US$ 50m+ Clients 137 134 US$ 100m+ Clients 61 64 *Last Twelve Months' services revenues 9

  10. Slide 10: Human Resources

    TATA ! t ( KB CONSULTANCY q@ Dv SERVICES TATA Human Resources

  11. Slide 11: Total Employee Base

    Total Employee Base Attrition*: 612,724 • 13.0% (LTM), IT Services Diversity: 606,998 607,354 • 35.3 % Women employees • 152 Nationalities 603,305 *Excluding Subsidiaries 601,546 Talent Development: • 40.1Mn Learning Hrs YTD (FY25) • 3.8Mn competencies acquired (FY25) Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 •

  12. Slide 12: Annexure

    TATA ! t ( KB CONSULTANCY q@ Dv SERVICES TATA Annexure

  13. Slide 13: IFRS Income Statement

    IFRS Income Statement ₹ M illion % of Revenue Consolidated IFRS Q3 FY24 Q3 FY24 Q3 FY25 Q3 FY25 Ex Adj* Reported Ex Adj* Reported Revenue 605,830 605,830 639,730 100.00 100.00 100.00 Cost of revenue 358,710 358,710 391,390 59.21 59.21 61.19 Gross margin 247,120 247,120 248,340 40.79 40.79 38.81 SG &

  14. Slide 14: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR Q3 FY24 Q3 FY24 Q3 FY25 Q3 FY25 Ex Adj* Reported Ex Adj* Reported Employee cost 269,500 269,500 283,860 44.48 44.48 44.37 Fees to external consultants 37,200 37,200 28,120 6.14 6.14 4.40 Equipment and software 11,730 11,730 35,190 1.94 1.94 5.50 Facility

  15. Slide 15: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q3 FY24 Q3 FY25 Net Cash from Operations 112,760 130,320 Capital Expenditure 9,240 7,260 Free Cash Flow 103,520 123,060 Dividends Paid 32,930 36,220 Buy Back (incl. expenses) 210,050 - Operating Cash Flow to Sales (%) 18.6 20.4 Operating Cash Flow to Net Profit (%) 102

  16. Slide 16: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-24 31-Dec-24 Assets Property and equipment 112,240 112,670 Right-of-use Assets 78,860 93,050 Intangible assets and Goodwill 44,990 51,180 Accounts Receivable 445,610 522,220 Unbilled Revenues 153,000 145,470 Invested Funds 469,6

  17. Slide 17: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q3 FY24 Q3 FY24 Q3 FY25 Q3 FY25 Ex Adj* Reported Ex Adj* Reported Revenue 7,281 7,281 7,539 100.00 100.00 100.00 Cost of revenue 4,311 4,311 4,613 59.21 59.21 61.19 Gross margin 2,970 2,970 2,926 40.79 40.79 38.81 SG & A expense

  18. Slide 18: COR – SG&A Details – In USD

    COR – SG&A Details – In USD $ Million % of Revenue COR Q3 FY24 Q3 FY24 Q3 FY25 Q3 FY25 Ex Adj* Reported Ex Adj* Reported Employee cost 3,239 3,239 3,345 44.48 44.48 44.37 Fees to external consultants 447 447 331 6.14 6.14 4.40 Equipment and software 141 141 415 1.94 1.94 5.50 Facility expenses 58 58

  19. Slide 19: IFRS Statement of Financial Position in USD

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-24 31-Dec-24 Assets Property and equipment 1,346 1,317 Right-of-use Assets 946 1,087 Intangible assets and Goodwill 539 598 Accounts Receivable 5,343 6,099 Unbilled Revenues 1,834 1,698 Invested Funds 5,633 7,282 Other cu

  20. Slide 20: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q3 FY24 Q3 FY24 Q3 FY25 Q3 FY25 Ex Adj* Reported Ex Adj* Reported Revenue 60,583 60,583 63,973 100.00 100.00 100.00 Expenditure a) Employee Costs 34,722 34,722 35,956 57.31 57.31 56.21 b) Cost of equipment and software l

  21. Slide 21: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-24 31-Dec-24 Assets Property and equipment 10,940 10,907 Right-of-use Assets 7,886 9,305 Intangible assets and Goodwill 2,342 2,959 Accounts Receivable 44,561 52,222 Unbilled Revenues 15,300 14,547 Invested Funds 46,963 62,349 Ot

  22. Slide 22: Currency mix and average realized rates in INR

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 USD 83.21 84.85 52.91% 49.43% GBP 104.24 107.72 14.35% 14.43% EUR 90.06 89.62 11.14% 10.64% Others 21.60% 25.50% Total 100.00% 100.00% 22

  23. Slide 23: Thank you

    Thank you Copyright © 2024 Tata Consultancy Services Limited

Tata Consultancy Services — Q3 FY2025 Earnings Presentation on 6ix