Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q1 FY2025 Earnings Presentation

23 slides from Tata Consultancy Services's earnings presentation, Jul 11, 2024

  1. Slide 1: TCS Financial Results Quarter I Ended FY 2024-25

    TCS Financial Results Quarter I Ended FY 2024-25 Jul 11, 2024

  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: Q1 FY25 Performance Highlights

    Q1 FY25 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 626,130 Mn, up 5.4% YoY - USD Revenue of $ 7,505 Mn, up 3.9% YoY - Constant currency revenue up 4.4% YoY ➢ Profit: - Operating Margin at 24.7% - Net Margin at 19.2% - Cash flow from operations at 92.8% of net profit ➢ Demand: - Clients $10

  4. Slide 4: Growth Summary (INR)

    Growth Summary (INR) Revenue Y-o-Y Growth Y-o-Y Growth CC 626,130 12.6% 593,810 596,920 605,830 612,370 ` Million 7.0% 7.9% 5.4% 4.0% 3.5% 2.8% 1.7% 4.4% 2.2% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 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 7,226 7,210 7,281 7,363 7,505 7.0% $ Million 4.8% 4.4% 6.6% 2.9% 2.3% 3.9% 2.8% 1.7% 2.2% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Operating Income Operating margin (%) 1,749 1,821 1,914 1,851 1,674 26.0

  6. Slide 6: Operational Parameters

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

  7. Slide 7: Growth by Market

    Growth by Market Y-o-Y Geography (%) Q1 FY24 Q1 FY25 CC Growth Americas North America 52.0 49.5 - 1.1 Latin America 2.0 1.9 6.3 Europe UK 16.4 16.9 6.0 Continental Europe 14.9 14.4 0.9 Asia Pacific 7.8 7.8 7.6 India 4.9 7.5 61.8 MEA 2.0 2.0 8.5 Total 100.0 100.0 4.4 7

  8. Slide 8: Growth by Domain

    Growth by Domain Y-o-Y Vertical (%) Q1 FY24 Q1 FY25 CC Growth BFSI 32.5 30.9 - 0.9 Consumer Business 16.1 15.4 - 0.3 Life Sciences & Healthcare 11.0 11.0 4.0 Manufacturing 8.4 8.8 9.4 Technology & Services 8.7 8.1 - 3.9 Communication & Media 7.0 6.2 - 7.4 Energy, Resources and Utilities 5.5 5.6 5.7

  9. Slide 9: Client Parameters

    Client Parameters Clients Contribution Q1 FY24 Q1 FY25 US$ 1m+ Clients 1268 1310 US$ 5m+ Clients 677 697 US$ 10m+ Clients 468 486 US$ 20m+ Clients 296 300 US$ 50m+ Clients 137 140 US$ 100m+ Clients 60 63 *Last Twelve Months' services revenues 9

  10. Slide 10: Human Resources

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

  11. Slide 11: Total Employee Base, Attrition, Diversity

    Total Employee Base Attrition*: • 12.1% (LTM), IT Services 615,318 Diversity: 608,985 • 35.5% Women employees 606,998 • 151 Nationalities 603,305 *Excluding Subsidiaries 601,546 Talent Development: • 11Mn Learning Hrs YTD (FY25) • 1.2Mn competencies acquired YTD (FY25) Q1-24 Q2-24 Q3-24 Q4-24 Q1-25

  12. Slide 12: Annexure

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Annexure Building on belief

  13. Slide 13: IFRS Income Statement

    IFRS Income Statement ₹ M illion % of Revenue Consolidated IFRS Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Revenue 593,810 626,130 100.00 100.00 Cost of revenue 359,160 376,610 60.48 60.15 Gross margin 234,650 249,520 39.52 39.85 SG & A expenses 97,100 95,100 16.35 15.19 Operating income 137,550 154,420 23.17

  14. Slide 14: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Employee cost 272,990 287,850 45.97 45.97 Fees to external consultants 43,880 25,210 7.39 4.03 Equipment and software 5,060 21,510 0.85 3.43 Facility expenses 4,720 5,170 0.80 0.83 Depreciation 9,430 9,400 1.59 1.50 Travel

  15. Slide 15: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q1 FY24 Q1 FY25 Net Cash from Operations 113,530 111,680 Capital Expenditure 3,610 8,750 Free Cash Flow 109,920 102,930 Dividends Paid 550 101,960 Operating Cash Flow to Sales (%) 19.1 17.8 Operating Cash Flow to Net Profit (%) 102.5 92.8 Total Cash and Investments 609

  16. Slide 16: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-24 30-Jun-24 Assets Property and equipment 112,240 112,610 Right-of-use Assets 78,860 87,750 Intangible assets and Goodwill 44,990 44,320 Accounts Receivable 445,610 470,170 Unbilled Revenues 153,000 163,310 Invested Funds 469,6

  17. Slide 17: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Revenue 7,226 7,505 100.00 100.00 Cost of revenue 4,370 4,514 60.48 60.15 Gross margin 2,856 2,991 39.52 39.85 SG & A expenses 1,182 1,140 16.35 15.19 Operating income 1,674 1,851 23.17 24.66 Othe

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

    COR – SG&A Details – In USD $ Million % of Revenue COR Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Employee cost 3,322 3,450 45.97 45.97 Fees to external consultants 534 302 7.39 4.03 Equipment and software 62 258 0.85 3.43 Facility expenses 57 62 0.80 0.83 Depreciation 115 113 1.59 1.50 Travel 60 73 0.83 0.98

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

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-24 30-Jun-24 Assets Property and equipment 1,346 1,349 Right-of-use Assets 946 1,051 Intangible assets and Goodwill 539 531 Accounts Receivable 5,343 5,634 Unbilled Revenues 1,834 1,957 Invested Funds 5,633 5,590 Other cu

  20. Slide 20: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Revenue 59,381 62,613 100.00 100.00 Expenditure a) Employee Costs 35,148 36,416 59.19 58.16 b) Cost of equipment and software licences 506 2,151 0.85 3.44 c) Other Operating expenses 8,729

  21. Slide 21: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-24 30-Jun-24 Assets Property and equipment 10,940 10,940 Right-of-use Assets 7,886 8,775 Intangible assets and Goodwill 2,342 2,275 Accounts Receivable 44,561 47,017 Unbilled Revenues 15,300 16,331 Invested Funds 46,963 46,647 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 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 USD 82.18 83.43 54.42% 51.50% GBP 103.06 105.43 14.19% 14.63% EUR 89.53 89.71 10.99% 11.02% Others 20.39% 22.85% Total 100.00% 100.00% 22

  23. Slide 23: Thank you

    Thank you Copyright © 2024 Tata Consultancy Services Limited

Tata Consultancy Services — Q1 FY2025 Earnings Presentation on 6ix