Tata Consultancy Services (TCS), India’s largest IT services company, is set to announce its Q4 FY25 results for the January–March 2025 quarter, marking the kickoff of the earnings season for Indian IT majors. As a global leader with operations in 55 countries and a workforce of over 600,000, TCS’s performance is a key indicator of the IT sector’s health. This article covers the TCS Q4 Results 2025 date, what investors and analysts expect, and critical areas to watch, based on recent updates and market trends.
TCS Q4 Results 2025: Announcement Date and Schedule
TCS has officially scheduled its Q4 FY25 results announcement for Thursday, 10 April 2025, after market trading hours. The company’s board of directors will meet to:
- Approve the audited standalone financial results under Indian Accounting Standards (Ind AS) for the financial year ending 31 March 2025.
- Approve the audited consolidated financial results for TCS and its subsidiaries.
- Consider recommending a final dividend, if any, for FY25, subject to shareholder approval at the 30th Annual General Meeting (AGM).
The results will be uploaded on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) post-market hours and will be available on the company’s official website, www.tcs.com. TCS has also planned:
- A press conference at 17:30 hrs IST (12:00 hrs UTC) to discuss the results, streamed live on business news channels and TCS’s YouTube channel.
- An earnings conference call with analysts at 19:00 hrs IST to provide deeper insights into the quarter’s performance.
The trading window for TCS securities remained closed from 24 March 2025 until 48 hours after the results were made public, as per insider trading regulations.
Financial Performance in Q4 FY25
TCS announced its Q4 FY25 results on 10 April 2025, reporting a consolidated net profit of ₹12,224 crore, down 1.6% year-on-year (YoY) from ₹12,434 crore in Q4 FY24. Revenue from operations grew 5.3% YoY to ₹64,479 crore, up from ₹61,237 crore in the same quarter last year. In constant currency terms, revenue increased by 2.5% YoY, while in US dollar terms, it reached $7,465 million, up 1.4% YoY. The operating margin stood at 24.2%, with a net margin of 19%.
Key highlights include:
- Deal Wins: TCS secured deals worth $12.2 billion, contributing to a record order book of $39.4 billion for FY25.
- Regional Growth: India led with 33% YoY revenue growth, followed by the Middle East & Africa (13.2%) and Asia Pacific (6.4%).
- Vertical Performance: Banking, Financial Services, and Insurance (BFSI) grew 2.5% YoY, while Energy, Resources, and Utilities rose 4.6%. However, Communications (-9.8%) and Manufacturing (-2.9%) saw declines.
- Dividend: The board recommended a final dividend of ₹30 per equity share, pending shareholder approval at the AGM.
The company highlighted its focus on AI and digital innovation, crossing the $30 billion annual revenue milestone in FY25, despite global uncertainties like US tariffs impacting client spending.
Analyst Expectations and Market Context
Analysts had anticipated muted performance for TCS in Q4 FY25 due to:
- Seasonal Weakness: Fewer working days and client furloughs typically affect IT sector revenues in the March quarter.
- BSNL Project Ramp-Down: A decline in contributions from the BSNL deal impacted revenue growth.
- Global Uncertainties: US tariff policies and macroeconomic volatility delayed client decision-making, particularly in North America, TCS’s largest market.
Brokerages like Kotak Securities projected flat revenue in constant currency terms, with a slight decline in BSNL-related earnings. They estimated revenue of ₹64,963.9 crore (up 1.5% QoQ) and a net profit of ₹12,663.6 crore (up 2.3% QoQ). However, the actual net profit of ₹12,224 crore fell below expectations of ₹12,546 crore, and the operating margin of 24.2% was lower than the anticipated 24.8%.
Despite the profit dip, TCS’s strong deal wins and focus on AI-driven projects signal long-term resilience. CEO K Krithivasan noted that FY26 is expected to outperform FY25, with recovery anticipated in the coming months.
Key Areas to Watch
Investors and analysts are focusing on:
- AI and GenAI Adoption: TCS’s AI pipeline and its impact on revenue growth, especially in BFSI and consumer sectors.
- Margin Performance: Operational efficiency and wage hike decisions, as margins missed estimates.
- Deal Pipeline: Sustainability of the $12.2 billion deal wins and conversion to revenue.
- Regional Trends: Continued growth in India and emerging markets amidst challenges in the US and Europe.
- Hiring Plans: TCS onboarded 42,000 trainees in FY25 and plans similar or higher fresher hiring in FY26. The company’s attrition rate stood at 13.3% for IT services, reflecting stable workforce management.
Why TCS Q4 Results Matter
TCS Q4 FY25 Results Summary – January–March 2025
| Metric | Value | YoY Change | Key Notes |
|---|---|---|---|
| Revenue | ₹64,479 crore | +5.3% | Growth led by India (+33%), BFSI (+2.5%), and Energy (+4.6%) |
| Net Profit | ₹12,224 crore | -1.6% | Below estimates of ₹12,546 crore due to margin pressures |
| Operating Margin | 24.2% | - | Missed expectations of 24.8% |
| Deal Wins | $12.2 billion | - | Contributed to $39.4 billion order book for FY25 |
| Dividend | ₹30 per share | - | Final dividend, pending AGM approval |
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