Tata Group IT services provider Tata Consultancy Services Ltd.(TCS) reported its March quarter results that were lower than Street estimates on most fronts.

TCS posted revenue of ₹64,479 crore, which is a growth of 0.8%, in comparison to ₹63,973 crore in the December quarter. A CNBC-TV18 poll had projected the revenue in rupee terms to grow by 1.2% to ₹64,741 crore.

In US Dollar terms, the IT giant recorded revenue of $7,465 million, which is marginally below the CNBC-TV18 poll of $7,481.5 million.

TCS’ constant currency growth in FY25 came in at 4.2%, compared to estimates of 3.8% to 4%.

Net profit for the quarter stood at ₹12,224 crore. A CNBC-TV18 poll had pegged the figure at ₹12,546 crore.

For the fourth quarter, TCS reported EBIT of ₹15,601 crore, which is below expectations of ₹16,034 crore. EBIT margin stood at 24.2% as against CNBC-TV18’s poll of 24.8%.

TCS won deals worth $12.2 billion during the quarter, which was higher than the $10.2 billion in the December quarter.

How Have Various Business Verticals Fared (YoY)

– BFSI business grows 2.5%, compared to 0.9% growth in Q3
– Communications business still down 9.8%
– Consumer Services business down 0.2%
– Manufacturing business drops 2.9% compared to 0.4% growth in Q3 and 9.7% growth last year same quarter
– Life Sciences and Healthcare down 5.6% Vs 4.3% drop in Q3
– Regional business up 22.5%

– Tech & Services business growth at 1.1%

TCS also announced a final dividend of ₹30 per equity share for FY25. The total dividend declared for the last financial year stood at ₹126.

The dividend will be paid on the fifth day of the conclusion of the company’s Annual General Meeting, subject to shareholder approval. The date of the AGM is yet to be announced.

Shares of TCS ended 1.64% lower on Wednesday at ₹3,239. The stock is down 21% so far this year.