TCS Q4 Updates: Profit Dips 1.3%; Anand Rathi Profit Up 31%

Anand Rathi Q4 Highlights (YoY)

• Total Income up 22.5% at Rs 232 crore versus Rs 189 crore.

• Net profit up 30.5% at Rs 72.4 crore versus Rs 55.5 crore.

• Declares final dividend of Rs 7 per share.

• Onboarded 42,000 employees in fiscal 2025 and the trend is likely to be similar this fiscal.

• Wage hikes will be decided based on the demand environment.

• Campus hiring is strategic and will continue.

• Net additions will depend on business needs and skill requirements.

• New hires will be needed for AI-led opportunities.

• AI is not impacting overall hiring plans.

• Company will deliver more work for customers going forward.

• No margin impact is expected in the short term.

• Investments are continuing as planned.

• Deal durations remain unchanged.

• No reduction in customer commitment is being observed.

• AI continues to increase customer engagement and deal activity.

• Operating leverage is likely to be impacted in the current uncertain environment.

• The BSNL deal is headed towards closure and is expected to conclude in the first quarter of fiscal 2026.

• Retail, consumer packaged goods, travel and hospitality are the most impacted sectors.

• The auto sector has been impacted due to tariffs.

• BFSI (banking, financial services, and insurance) demand remains stable.

• Cost optimisation programmes present an opportunity to gain market share.

• The newly appointed COO will drive focused growth in new technologies.

• Aarthi Subramanian has extensive experience at TCS and is the most appropriate choice for the role.

• Deal duration has not changed, and customer commitment levels remain intact.

• No reduction in deal commitment is being seen from clients.

• AI continues to drive increased commitment with customers.

• Market share has shifted slightly away from North America, with India picking up.

• Focus on North America will continue.