TCS Consolidated

(unaudited)

KEY FINANCIAL AND OPERATING METRICS

Contents
Income Statement and Balance Sheet - Consolidated, Unaudited as per IFRS (USD Mn)
Income Statement and Balance Sheet - Consolidated, Unaudited as per IFRS (INR Mn)
Operating Metrics
Income Statement and Balance Sheet - Consolidated, Unaudited as per US GAAP (USD Mn)
Income Statement and Balance Sheet - Consolidated, Unaudited as per US GAAP (INR Mn)
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TCS Consolidated Income Statement as per IFRS - USD Mn FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 1Q22 2Q22 3Q22 4Q22 FY22 1Q23
EX-ADJ ** EX-ADJ ***
Revenue
Information Technology and Consultancy Services $ 7,907 $ 9,852 $ 11,244 $ 13,167 $ 15,137 $ 16,545 $ 17,576 $ 19,089 $ 20,913 $ 22,031 $ 22,174 $ 6,154 $ 6,333 $ 6,524 $ 6,696 $ 25,707 $ 6,780
Sale of Equipment and Software Licenses $ 280 $ 319 $ 325 $ 275 $ 317
Total Revenue $ 8,187 $ 10,171 $ 11,568 $ 13,442 $ 15,454 $ 16,545 $ 17,576 $ 19,089 $ 20,913 $ 22,031 $ 22,174 $ 6,154 $ 6,333 $ 6,524 $ 6,696 $ 25,707 $ 6,780

Employee cost $ 3,185 $ 3,911 $ 4,377 $ 4,984 $ 5,926 $ 6,379 $ 6,884 $ 7,807 $ 8,647 $ 9,216 $ 9,714 $ 2,732 $ 2,787 $ 2,824 $ 2,937 $ 11,280 $ 3,044
Fees to External Consultants $ 309 $ 455 $ 638 $ 820 $ 998 $ 1,190 $ 1,243 $ 1,307 $ 1,525 $ 1,755 $ 1,709 $ 508 $ 546 $ 584 $ 613 $ 2,251 $ 655
Cost of Equipment and Software Licenses $ 235 $ 278 $ 281 $ 243 $ 303 $ 391 $ 418 $ 419 $ 325 $ 267 $ 198 $ 35 $ 29 $ 58 $ 34 $ 155 $ 28
Depreciation $ 108 $ 121 $ 123 $ 141 $ 208 $ 206 $ 217 $ 244 $ 236 $ 377 $ 417 $ 114 $ 118 $ 124 $ 122 $ 478 $ 120
Travel $ 126 $ 145 $ 163 $ 175 $ 238 $ 243 $ 268 $ 291 $ 333 $ 322 $ 119 $ 37 $ 41 $ 62 $ 33 $ 174 $ 55
Communication $ 90 $ 97 $ 98 $ 98 $ 123 $ 125 $ 115 $ 123 $ 140 $ 173 $ 194 $ 50 $ 50 $ 50 $ 55 $ 206 $ 46
Facility Expenses $ 209 $ 244 $ 247 $ 272 $ 354 $ 330 $ 343 $ 410 $ 426 $ 253 $ 189 $ 45 $ 43 $ 48 $ 46 $ 182 $ 50
Other Expenses $ 219 $ 259 $ 303 $ 347 $ 428 $ 410 $ 477 $ 453 $ 528 $ 599 $ 578 $ 149 $ 159 $ 165 $ 168 $ 640 $ 177
Total Cost of Revenues $ 4,481 $ 5,509 $ 6,229 $ 7,079 $ 8,577 $ 9,274 $ 9,965 $ 11,054 $ 12,160 $ 12,962 $ 13,118 $ 3,670 $ 3,773 $ 3,915 $ 4,008 $ 15,366 $ 4,175

Gross Profit $ 3,706 $ 4,661 $ 5,339 $ 6,363 $ 6,877 $ 7,271 $ 7,611 $ 8,035 $ 8,753 $ 9,069 $ 9,056 $ 2,484 $ 2,560 $ 2,609 $ 2,688 $ 10,341 $ 2,605

Operating Expenses
Selling, General and Administrative Expenses
Employee Cost $ 943 $ 1,236 $ 1,476 $ 1,677 $ 1,930 $ 2,051 $ 2,297 $ 2,488 $ 2,526 $ 2,849 $ 2,682 $ 744 $ 778 $ 801 $ 816 $ 3,140 $ 854
Fees to External Consultants $ 40 $ 53 $ 58 $ 63 $ 86 $ 90 $ 76 $ 87 $ 92 $ 62 $ 77 $ 21 $ 20 $ 19 $ 23 $ 83 $ 24
Provision for Doubtful Debts $ (16) $ 5 $ 10 $ 16 $ 26 $ 21 $ 19 $ 32 $ 27 $ 19 $ 27 $ 6 $ 5 $ 6 $ 2 $ 18 $ 2
Depreciation $ 50 $ 67 $ 75 $ 77 $ 98 $ 82 $ 79 $ 68 $ 58 $ 119 $ 133 $ 32 $ 33 $ 35 $ 39 $ 139 $ 38
Facility Expenses $ 132 $ 158 $ 180 $ 185 $ 166 $ 189 $ 207 $ 200 $ 183 $ 127 $ 98 $ 25 $ 24 $ 28 $ 28 $ 105 $ 28
Travel $ 77 $ 105 $ 135 $ 161 $ 154 $ 162 $ 147 $ 146 $ 162 $ 142 $ 27 $ 9 $ 12 $ 7 $ 12 $ 39 $ 16
Communication $ 31 $ 38 $ 43 $ 46 $ 50 $ 44 $ 43 $ 42 $ 48 $ 50 $ 62 $ 17 $ 14 $ 18 $ 19 $ 69 $ 18
Other Expenses $ 151 $ 193 $ 238 $ 233 $ 217 $ 249 $ 225 $ 242 $ 310 $ 287 $ 209 $ 60 $ 52 $ 62 $ 78 $ 252 $ 59
Total Operating Expenses $ 1,408 $ 1,855 $ 2,216 $ 2,457 $ 2,727 $ 2,886 $ 3,093 $ 3,305 $ 3,406 $ 3,655 $ 3,315 $ 914 $ 938 $ 976 $ 1,017 $ 3,845 $ 1,039

Operating Income $ 2,299 $ 2,806 $ 3,124 $ 3,906 $ 4,150 $ 4,385 $ 4,518 $ 4,730 $ 5,347 $ 5,414 $ 5,741 $ 1,570 $ 1,622 $ 1,633 $ 1,671 $ 6,496 $ 1,566

Other Income/(Exp ) $ 118 $ 99 $ 199 $ 264 $ 513 $ 464 $ 624 $ 557 $ 589 $ 519 $ 338 $ 78 $ 131 $ 127 $ 98 $ 434 $ 76

Income before Income Tax $ 2,416 $ 2,905 $ 3,323 $ 4,170 $ 4,663 $ 4,849 $ 5,142 $ 5,287 $ 5,936 $ 5,933 $ 6,079 $ 1,648 $ 1,753 $ 1,760 $ 1,769 $ 6,930 $ 1,642

Income tax $ 475 $ 657 $ 741 $ 996 $ 1,087 $ 1,142 $ 1,215 $ 1,273 $ 1,428 $ 1,377 $ 1,549 $ 424 $ 448 $ 452 $ 451 $ 1,775 $ 419

Income after income tax $ 1,941 $ 2,248 $ 2,582 $ 3,174 $ 3,576 $ 3,706 $ 3,927 $ 4,014 $ 4,508 $ 4,556 $ 4,530 $ 1,224 $ 1,305 $ 1,308 $ 1,318 $ 5,155 $ 1,223

Non-controlling interests $ (26) $ (24) $ (28) $ (35) $ (35) $ (19) $ (10) $ (9) $ (14) $ (15) $ (17) $ (3) $ (4) $ (5) $ (4) $ (16) $ (5)

Net profit $ 1,915 $ 2,223 $ 2,554 $ 3,139 $ 3,541 $ 3,687 $ 3,917 $ 4,005 $ 4,494 $ 4,541 $ 4,513 $ 1,221 $ 1,301 $ 1,303 $ 1,314 $ 5,139 $ 1,218

Basic and Diluted EPS (after adjusting for bonus shares) $ 0.97 $ 1.14 $ 1.31 $ 1.60 $ 1.81 $ 1.88 $ 1.99 $ 2.08 $ 1.19 $ 1.21 $ 1.21 $ 0.33 $ 0.35 $ 0.35 $ 0.36 $ 1.39 $ 0.33

Weighted average no of shares used in computing Basic and

Diluted EPS 1,957,220,996 1,957,220,996 1,957,220,996 1,958,100,069 1,958,727,979 1,966,040,455 1,970,427,941 1,924,592,806 3,789,749,350 3,752,384,706 3,740,110,733 3,699,051,373 3,699,051,373 3,699,051,373 3,698,162,484 3,698,832,195 3,659,051,373

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TCS Consolidated Balance Sheet as per IFRS - USD Mn FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 1Q22 2Q22 3Q22 4Q22 FY22 1Q23
Period Ending FY11 FY12 FY13 31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 31-Mar-22 30-Jun-22

ASSETS

Current Assets
Cash and Cash Equivalents $ 349 $ 391 $ 339 $ 245 $ 298 $ 950 $ 555 $ 751 $ 1,045 $ 1,146 $ 934 $ 901 $ 700 $ 808 $ 1,650 $ 1,650 $ 706
Bank Deposits $ 713 $ 752 $ 915 $ 2,160 $ 2,618 $ 8 $ 66 $ 316 $ 785 $ 107 $ 308 $ 757 $ 668 $ 940 $ 728 $ 728 $ 508
Trade Receivables $ 1,838 $ 2,258 $ 2,594 $ 3,035 $ 3,266 $ 3,634 $ 3,488 $ 3,835 $ 3,955 $ 4,047 $ 4,098 $ 4,118 $ 4,416 $ 4,596 $ 4,501 $ 4,501 $ 4,536
Investments $ 155 $ 158 $ 200 $ 194 $ 240 $ 3,393 $ 6,421 $ 5,490 $ 4,208 $ 3,465 $ 3,973 $ 4,019 $ 5,211 $ 6,122 $ 3,998 $ 3,998 $ 4,114
Other Current Financial Assets $ 164 $ 305 $ 900 $ 571 $ 434 $ 619 $ 695 $ 661 $ 1,446 $ 1,347 $ 1,781 $ 1,753 $ 1,623 $ 1,250 $ 1,065 $ 1,065 $ 1,489
Unbilled Receivables (PY: Unbilled Revenue) $ 303 $ 441 $ 578 $ 667 $ 612 $ 603 $ 803 $ 1,028 $ 746 $ 760 $ 897 $ 942 $ 906 $ 882 $ 1,022 $ 1,022 $ 1,050
Current Income Tax Assets $ 51 $ - $ 1 $ 6 $ 12 $ 5 $ 4 $ 6 $ 268 $ 1 $ 3 $ 2 $ 2 $ 1 $ 1 $ 1 $ 1
Other Current Assets $ 256 $ 197 $ 270 $ 276 $ 335 $ 331 $ 354 $ 402 $ 877 $ 1,090 $ 1,532 $ 1,541 $ 1,349 $ 1,291 $ 1,344 $ 1,344 $ 1,269
Total Current Assets $ 3,827 $ 4,503 $ 5,798 $ 7,153 $ 7,815 $ 9,543 $ 12,386 $ 12,489 $ 13,330 $ 11,963 $ 13,526 $ 14,033 $ 14,875 $ 15,890 $ 14,309 $ 14,309 $ 13,673

Non Current Assets

Bank Deposits $ 606 $ 543 $ 446 $ 246 $ 80 $ 63 $ - $ - $ - $ 46 $ 98 $ 98 $ 97 $ 87 $ 163 $ 163 $ 149
Investments $ 258 $ 132 $ 175 $ 383 $ 41 $ 52 $ 53 $ 46 $ 35 $ 29 $ 29 $ 29 $ 32 $ 32 $ 29 $ 29 $ 30
Trade Receivables $ 10 $ 14 $ 14 $ 10 $ 8 $ 8 $ 9 $ 9 $ 19 $ 19 $ 7
Unbilled Receivables (PY: Unbilled Revenue) $ 22 $ 35 $ 57 $ 43 $ 37 $ 35 $ 28 $ 13 $ 7 $ 7 $ 12
Other Non Current Financial Assets $ 129 $ 170 $ 117 $ 291 $ 370 $ 510 $ 129 $ 410 $ 115 $ 115 $ 120 $ 192 $ 212 $ 234 $ 176 $ 176 $ 173
Non Current Income Tax Assets $ 202 $ 291 $ 356 $ 511 $ 654 $ 674 $ 739 $ 635 $ 581 $ 326 $ 251 $ 255 $ 270 $ 285 $ 262 $ 262 $ 262
Deferred Income tax Assets $ 265 $ 346 $ 394 $ 384 $ 418 $ 435 $ 433 $ 527 $ 381 $ 372 $ 532 $ 467 $ 400 $ 389 $ 486 $ 486 $ 440
Property, plant and Equipment $ 1,166 $ 1,267 $ 1,508 $ 1,726 $ 1,849 $ 1,780 $ 1,811 $ 1,784 $ 1,685 $ 1,583 $ 1,653 $ 1,618 $ 1,606 $ 1,613 $ 1,596 $ 1,596 $ 1,518
Other Intangible Assets $ 43 $ 34 $ 26 $ 30 $ 35 $ 20 $ 7 $ 2 $ 26 $ 37 $ 65 $ 62 $ 65 $ 156 $ 145 $ 145 $ 126
Right-of-use assets $ 1,060 $ 1,040 $ 1,067 $ 1,073 $ 1,056 $ 1,009 $ 1,009 $ 956
Goodwill $ 722 $ 652 $ 619 $ 663 $ 593 $ 575 $ 574 $ 597 $ 555 $ 510 $ 538 $ 537 $ 529 $ 525 $ 520 $ 520 $ 491
Other Non-Current Assets $ 101 $ 121 $ 122 $ 89 $ 145 $ 117 $ 84 $ 130 $ 157 $ 215 $ 206 $ 170 $ 255 $ 246 $ 251 $ 251 $ 232
Total Non Current Assets $ 3,491 $ 3,558 $ 3,764 $ 4,321 $ 4,184 $ 4,226 $ 3,862 $ 4,180 $ 3,606 $ 4,346 $ 4,577 $ 4,538 $ 4,576 $ 4,645 $ 4,663 $ 4,663 $ 4,396

Total Assets $ 7,318 $ 8,061 $ 9,563 $ 11,473 $ 11,999 $ 13,769 $ 16,248 $ 16,669 $ 16,936 $ 16,309 $ 18,103 $ 18,571 $ 19,451 $ 20,535 $ 18,972 $ 18,972 $ 18,069

LIABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities
Trade and Other Payables $ 579 $ 607 $ 786 $ 922 $ 1,411 $ 1,138 $ 756 $ 783 $ 910 $ 894 $ 1,071 $ 1,077 $ 1,101 $ 985 $ 1,063 $ 1,063 $ 1,286
Borrowings $ 8 $ 2 $ 19 $ 28 $ 39 $ 25 $ 34 $ 30 $ 3 $ - $ - $ - $ - $ - $ - $ - $ -
Mandatorily Redeemable Preference shares $ 22 $ 19 $ 18 $ - $ - $ - $ - $ - $ - $ - $ - $ -
Lease liabilities $ 168 $ 176 $ 187 $ 190 $ 192 $ 192 $ 192 $ 183
Other current financial liabilities $ 186 $ 172 $ 203 $ 211 $ 190 $ 349 $ 448 $ 600 $ 706 $ 809 $ 838 $ 694 $ 817 $ 934 $ 1,015 $ 1,015 $ 860
Unearned and Deferred Revenue $ 173 $ 162 $ 178 $ 175 $ 170 $ 205 $ 216 $ 313 $ 346 $ 386 $ 497 $ 446 $ 460 $ 489 $ 480 $ 480 $ 466
Employee benefit obligations $ 118 $ 126 $ 148 $ 174 $ 217 $ 247 $ 287 $ 310 $ 341 $ 364 $ 476 $ 508 $ 520 $ 529 $ 503 $ 503 $ 488
Other provisions $ 6 $ 17 $ 17 $ 10 $ 37 $ 35 $ 39 $ 189 $ 188 $ 187 $ 187 $ 186 $ 186 $ 45
Current Income Tax Liabilities $ 89 $ 80 $ 75 $ 112 $ 87 $ 122 $ 218 $ 219 $ 386 $ 492 $ 850 $ 978 $ 928 $ 970 $ 1,046 $ 1,046 $ 1,087
Other Current Liabilities $ 124 $ 144 $ 188 $ 216 $ 214 $ 247 $ 269 $ 450 $ 468 $ 435 $ 554 $ 710 $ 520 $ 537 $ 1,108 $ 1,108 $ 743
Total Current Liabilities $ 1,300 $ 1,312 $ 1,615 $ 1,844 $ 2,345 $ 2,350 $ 2,238 $ 2,742 $ 3,195 $ 3,587 $ 4,651 $ 4,788 $ 4,723 $ 4,823 $ 5,593 $ 5,593 $ 5,158

Non Current Liabilities

Borrowings $ 9 $ 23 $ 24 $ 21 $ 18 $ 12 $ 11 $ 8 $ 6 $ - $ - $ - $ - $ - $ - $ - $ -
Lease liabilities $ 915 $ 886 $ 910 $ 915 $ 884 $ 841 $ 841 $ 798
Other non current financial liabilities $ 53 $ 68 $ 64 $ 73 $ 106 $ 74 $ 70 $ 77 $ 42 $ 39 $ 38 $ 38 $ 40 $ 77 $ 76 $ 76 $ 73
Unearned and deferred revenue $ 77 $ 122 $ 92 $ 163 $ 140 $ 132 $ 164 $ 147 $ 147 $ 136
Employee benefit obligations $ 31 $ 43 $ 64 $ 46 $ 33 $ 36 $ 38 $ 45 $ 48 $ 55 $ 102 $ 104 $ 99 $ 101 $ 89 $ 89 $ 87
Other provisions $ 18 $ 15 $ 6 $ 6 $ 4 $ - $ - $ - $ -
Deferred Income Tax Liabilities $ 127 $ 85 $ 90 $ 93 $ 88 $ 122 $ 142 $ 180 $ 151 $ 103 $ 104 $ 111 $ 104 $ 102 $ 78 $ 78 $ 84
Other Non-Current Liabilities $ 25 $ 38 $ 49 $ 51 $ 65 $ 67 $ 67 $ 60 $ 60 $ - $ - $ - $ - $ - $ - $ - $ -
Total Non-Current Liabilities $ 245 $ 256 $ 290 $ 302 $ 325 $ 317 $ 334 $ 451 $ 429 $ 1,204 $ 1,293 $ 1,303 $ 1,290 $ 1,328 $ 1,231 $ 1,231 $ 1,178

Total Liabilities $ 1,545 $ 1,569 $ 1,905 $ 2,146 $ 2,668 $ 2,667 $ 2,572 $ 3,193 $ 3,624 $ 4,791 $ 5,944 $ 6,091 $ 6,013 $ 6,151 $ 6,824 $ 6,824 $ 6,336

Shareholders' Equity
Share Capital $ 44 $ 44 $ 44 $ 44 $ 44 $ 44 $ 44 $ 43 $ 70 $ 70 $ 69 $ 69 $ 69 $ 69 $ 68 $ 68 $ 68
Share Premium $ 427 $ 427 $ 427 $ 428 $ 428 $ 911 $ 911 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Retained Earnings $ 5,155 $ 6,523 $ 8,025 $ 10,289 $ 10,670 $ 12,499 $ 14,738 $ 15,284 $ 15,973 $ 15,034 $ 15,144 $ 15,488 $ 16,308 $ 17,063 $ 14,943 $ 14,943 $ 15,025
Accumulated Other Comprehensive Income/(Loss) $ 76 $ (605) $ (959) $ (1,548) $ (1,956) $ (2,406) $ (2,074) $ (1,914) $ (2,800) $ (3,671) $ (3,148) $ (3,169) $ (3,031) $ (2,843) $ (2,958) $ (2,958) $ (3,445)
Total Shareholders' Equity attributable to TCS Ltd $ 5,702 $ 6,389 $ 7,537 $ 9,213 $ 9,185 $ 11,048 $ 13,619 $ 13,413 $ 13,243 $ 11,433 $ 12,065 $ 12,388 $ 13,346 $ 14,289 $ 12,053 $ 12,053 $ 11,648

Non Controlling Interests $ 71 $ 104 $ 121 $ 115 $ 146 $ 54 $ 57 $ 63 $ 69 $ 85 $ 94 $ 92 $ 92 $ 95 $ 95 $ 95 $ 85

Total Liabilities and Shareholders' Equity $ 7,318 $ 8,061 $ 9,563 $ 11,473 $ 11,999 $ 13,769 $ 16,248 $ 16,669 $ 16,936 $ 16,309 $ 18,103 $ 18,571 $ 19,451 $ 20,535 $ 18,972 $ 18,972 $ 18,069

Notes:
From 1QFY12, Consolidated Financial Statements are being prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)

On April 4, 2014, the Company announced that it has chosen to apply IFRS 9 w.e.f April 1, 2013, much ahead of its mandatory adoption, because we believe the new standard is better aligned with our risk management policy and practice than the earlier IAS 39 standard. In accordance with the transition provisions set out in IFRS 9, we have restated the Net Foreign Exchange Gains / Losses as reported under IAS 39 from 1Q FY12 till 3Q FY14. The cells impacted by this restatement are colored light blue. For more details, please refer to Notes to Accounts to our Financial Statements.

* For Detailed schedules and Notes to Accounts, please visit [Link]/investors/financial_info

** Ex-Adj excludes One time Special Employee Rewards of $ 423 Mn in 4QFY15 and FY15. Numbers including the one time adjustment are mentioned in the impacted Cell Comments.

***Ex Adj excludes legal claim provision; Impact on Operating Margin $165 Mn; Net Margin $ 129 Mn. Numbers including the one time adjustment are mentioned in the impacted Cell Comments.
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 TCS Consolidated Income Statement as per IFRS -
INR Mn FY11 FY12 FY13

Revenue

Information Technology and Consultancy Services 360,464 473,605 612,230

Sale of Equipment and Software Licenses 12,782 15,333 17,665
Total Revenue 373,245 488,938 629,895

Cost of Revenues
Cost of Services
Employee Cost 145,234 187,710 238,361
Fees to External Consultants 14,133 21,912 34,720
Cost of Equipment and Software Licenses 10,338 13,403 15,267
Depreciation 4,909 5,807 6,688
Travel 5,762 6,916 8,868
Communication 4,108 4,666 5,340
Facility Expenses 9,510 11,673 13,431
Other Costs 10,286 12,475 16,514
Total Cost of Revenues 204,280 264,561 339,188

Gross Profit 168,965 224,377 290,707

Operating Expenses
Selling, General and Administrative Expenses
Employee Cost 43,264 59,454 80,353
Fees to External Consultants 1,841 2,529 3,161
Provision for Doubtful Debts -724 259 559
Depreciation 2,276 3,229 4,104
Facility Expenses 6,002 7,597 9,795
Travel 3,419 5,024 7,351
Communication 1,420 1,835 2,329
Other Costs 6,671 9,283 12,976
Total Operating Expenses 64,166 89,209 120,627

Operating Income 104,799 135,168 170,080

Total Other Income/(Expense) 5,333 4,378 10,819

Income Before Income Taxes 110,132 139,546 180,899

Total Taxes 21,639 31,585 40,346

Net Profit After Taxes 88,493 107,961 140,553

Adjustments for Minority Interests

Non-controlling interests (1,190) (1,111) (1,493)

Net Income Before Extraordinary Items 87,303 106,850 139,060

Net Income After Extraordinary Items 87,303 106,850 139,060

Basic and Diluted EPS (after adjusting for bonus

shares) 44.60 54.59 71.05

Dividend Per share (INR) 14 25 22

Weighted average no of shares used in computing
Basic and Diluted EPS 1,957,220,996 1,957,220,996 1,957,220,996

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TCS Consolidated Balance Sheet as per IFRS -

INR Mn FY11 FY12 FY13
Period Ending 31-Mar-11 31-Mar-12 FY13

ASSETS

Current Assets
Cash and Cash Equivalents 15,538 19,936 18,432
Bank Deposits 31,812 38,304 49,732
Trade Receivables 81,949 115,023 140,956
Investments 6,896 8,037 10,871
Other Current Financial Assets 7,313 15,541 48,895
Unbilled Receivables (PY: Unbilled Revenue) 13,489 22,478 31,410
Current Income Tax assets 2,264 - 49
Other Current Assets 11,394 10,049 14,677
Total Current Assets 170,655 229,368 315,022

Non Current assets

Bank Deposits 27,016 27,653 24,234
Other Non Current Financial Assets 5,733 8,681 6,374
Non Current Income Tax Assets 8,991 14,837 19,345
Deferred Income Tax Assets 11,803 17,645 21,422
Property, Plant and Equipment, net 51,996 64,548 81,944
Right-of-use assets
Goodwill, net 32,206 33,238 33,636
Other Intangible Assets, net 1,905 1,736 1,427
Investments 11,495 6,746 9,531
Trade Receivables
Unbilled Receivables (PY: Unbilled Revenue)
Other Non-Current Assets 4,511 6,171 6,610
Total Non-Current Assets 155,654 181,254 204,523

Total Assets 326,309 410,623 519,545

LIABILITIES AND SHAREHOLDER'S EQUITY

Liabilities
Current Liabilities
Trade and Other Payables 25,818 30,941 42,706
Short-term Borrowings 368 112 1,013
Mandatorily Redeemable Preference shares with Tata
Sons Ltd 1,000 1,000 1,000
Lease liabilities
Other Current Financial Liabilities 8,281 8,758 11,027
Unearned and Deferred Revenue 7,720 8,230 9,663
Employee Benefit Obligations 5,273 6,415 8,042
Other provisions
Current Income Tax Liabilities 3,983 4,053 4,073
Accrued Expenses and Other Current Liabilities 5,537 7,346 10,205
Total Current Liabilities 57,980 66,854 87,729

Non Current Liabilities

Long-Term Debt / Borrowings 380 1,154 1,310
Lease liabilities
Other Non Current Financial Liabilities 2,383 3,443 3,459
Unearned and deferred revenue
Employee Benefit Obligation 1,392 2,177 3,489
Other provisions
Deferred Income Tax Liabilities 5,650 4,331 4,880
Other Non-Current Liabilities 1,112 1,942 2,636
Total Non Current Liabilities 10,918 13,046 15,774

Total Liabilities 68,898 79,900 103,503

Shareholders' Equity
Share Capital 1,957 1,957 1,957
Share premium 19,199 19,199 19,199
Other reserves 1,413 5,358 9,086
Retained Earnings 231,696 298,933 379,239
Total Shareholders' Equity 254,265 325,447 409,481

Non Controlling Interests 3,147 5,275 6,561

Total Liabilities and Shareholders' Equity 326,309 410,623 519,545

Notes :
From 1QFY12, Consolidated Financial Statements are being prepared in accordance with the International Financial Reporting Standard

On April 4, 2014, the Company announced that it has chosen to apply IFRS 9 w.e.f April 1, 2013, much ahead of its mandatory adoption

* For Detailed schedules and Notes to Accounts, please visit [Link]/investors/financial_info

** Ex-Adj excludes One time Special Employee Rewards of ` 26,279 Mn in 4QFY15 and FY15 in the Consolidated Income Statement.

***Ex Adj excludes legal claim provision; Impact on Operating Margin INR 1,218 Crore; Net Margin INR 958 Crore. Numbers includ
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FY14 FY15 FY16 FY17 FY18 FY19
EX-ADJ **

801,398 927,017 1,086,462 1,179,660 1,231,040 1,464,630

16,695 19,467
818,094 946,484 1,086,462 1,179,660 1,231,040 1,464,630

303,182 362,844 418,829 462,020 503,500 605,530

49,970 61,165 78,228 83,450 84,310 106,860
14,701 18,601 25,711 28,080 27,000 22,700
8,581 12,719 13,507 14,570 15,730 16,490
10,642 14,567 15,999 17,990 18,760 23,340
5,925 7,515 8,173 7,750 7,910 9,840
16,518 21,662 21,658 23,010 26,460 29,840
21,126 26,210 26,892 32,000 29,210 36,980
430,644 525,283 608,997 668,870 712,880 851,580

387,449 421,201 477,465 510,790 518,160 613,050

101,909 118,164 134,666 154,200 160,460 176,920

3,827 5,280 5,899 5,090 5,590 6,440
953 1,605 1,347 1,260 2,080 1,870
4,662 5,980 5,373 5,300 4,410 4,060
11,235 10,175 12,404 13,850 12,910 12,780
9,771 9,452 10,630 9,880 9,410 11,400
2,815 3,045 2,900 2,910 2,690 3,380
14,199 13,256 16,346 15,060 15,590 21,700
149,369 166,957 189,565 207,550 213,140 238,550

238,080 254,244 287,901 303,240 305,020 374,500

15,891 31,397 30,502 41,890 35,900 41,130

253,970 285,641 318,403 345,130 340,920 415,630

60,713 66,566 75,026 81,560 82,120 100,010

193,258 219,075 243,376 263,570 258,800 315,620

(2,090) (2,114) (1,227) (680) (540) (900)

191,168 216,961 242,149 262,890 258,260 314,720

191,168 216,961 242,149 262,890 258,260 314,720

97.63 110.77 123.17 133.41 134.19 83.05

32 79 44 47 50 30
1,958,100,069 1,958,727,979 1,966,040,455 1,970,427,941 1,924,592,806 3,789,749,350

FY14 FY15 FY16 FY17 FY18 FY19

31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 31-Mar-18 31-Mar-19

14,688 18,622 62,950 35,970 48,830 72,240

129,754 163,829 530 4,300 20,560 54,280
182,304 204,399 240,730 226,170 249,430 273,460
11,631 15,009 224,790 416,360 357,070 290,910
34,273 27,142 40,990 45,050 43,020 99,940
40,056 38,271 39,920 52,080 66,860 51,570
338 749 320 260 370 18,530
16,568 20,990 21,900 22,970 26,100 60,380
429,613 489,011 632,130 803,160 812,240 921,310

14,773 5,001 4,150 - - -

17,475 23,156 33,820 8,340 26,670 7,980
30,688 40,930 44,640 47,890 41,310 40,170
23,060 26,150 28,820 28,050 34,230 26,320
103,644 115,716 117,900 117,410 116,000 116,500

39,797 37,115 38,120 37,210 38,840 38,340

1,772 2,193 1,340 470 120 1,790
22,986 2,534 3,430 3,440 3,010 2,390
670 940 950
1,430 2,270 3,910
5,320 9,064 7,770 5,460 8,460 10,870
259,512 261,859 279,990 250,370 271,850 249,220

689,125 750,868 912,120 1,053,530 1,084,090 1,170,530

55,365 88,318 75,410 49,050 50,940 62,920

1,696 2,434 1,620 2,180 1,930 180

- - - -
 12,663 11,878 23,150 29,060 39,010 48,850
10,507 10,623 13,590 13,980 20,320 23,920
10,469 13,561 16,350 18,620 20,180 23,560
376 1,030 1,150 660 2,400 2,390
6,702 5,456 8,050 14,120 14,210 26,670
12,973 13,415 16,370 17,450 29,290 32,350
110,752 146,716 155,690 145,120 178,280 220,840

1,273 1,143 830 710 540 440

4,380 6,618 4,930 4,540 5,030 2,870

5,030 8,440
2,749 2,034 2,370 2,450 2,900 3,300
1,107 945 400 390 260 -
5,556 5,473 8,050 9,190 11,700 10,420
3,052 4,037 4,420 4,320 3,920 4,130
18,117 20,250 21,000 21,600 29,380 29,600

128,869 166,966 176,690 166,720 207,660 250,440

1,959 1,959 1,970 1,970 1,910 3,750

19,203 19,203 50,820 50,820 - -
14,759 10,824 14,140 15,490 27,960 25,660
517,434 542,782 664,960 814,870 842,540 886,150
553,355 574,767 731,890 883,150 872,410 915,560

6,902 9,136 3,540 3,660 4,020 4,530

689,125 750,868 912,120 1,053,530 1,084,090 1,170,530

tional Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)

uch ahead of its mandatory adoption, because we believe the new standard is better aligned with our risk management policy and practice than the ear

he Consolidated Income Statement. Numbers including the one time adjustment are mentioned in the impacted Cell Comments.

gin INR 958 Crore. Numbers including the one time adjustment are mentioned in the impacted Cell Comments.
FY20 FY21 1Q22 2Q22 3Q22 4Q22
EX-ADJ ***

1,569,490 1,641,770 454,110 468,670 488,850 505,910

1,569,490 1,641,770 454,110 468,670 488,850 505,910

656,520 719,460 201,570 206,230 211,620 221,930

125,000 126,480 37,470 40,390 43,770 46,320
19,050 14,620 2,580 2,130 4,320 2,600
26,870 30,850 8,400 8,740 9,310 9,230
22,910 8,830 2,760 3,050 4,610 2,520
12,320 14,340 3,720 3,720 3,750 4,180
17,980 14,010 3,340 3,150 3,610 3,440
42,570 42,790 10,960 11,810 12,330 12,650
923,220 971,380 270,800 279,220 293,320 302,870

646,270 670,390 183,310 189,450 195,530 203,040

203,000 198,680 54,920 57,610 60,060 61,600

4,370 5,690 1,530 1,510 1,420 1,690
1,440 2,010 410 350 420 170
8,430 9,800 2,360 2,410 2,650 2,940
9,060 7,290 1,820 1,770 2,120 2,140
10,040 1,980 690 860 510 880
3,600 4,620 1,260 1,070 1,350 1,460
20,530 15,510 4,440 3,870 4,630 5,880
260,470 245,580 67,430 69,450 73,160 76,760

385,800 424,810 115,880 120,000 122,370 126,280

36,680 24,970 5,750 9,690 9,540 7,360

422,480 449,780 121,630 129,690 131,910 133,640

98,010 114,580 31,320 33,160 33,850 34,050

324,470 335,200 90,310 96,530 98,060 99,590

(1,070) (1,320) (230) (290) (370) (330)

323,400 333,880 90,080 96,240 97,690 99,260

323,400 333,880 90,080 96,240 97,690 99,260

86.19 89.27 24.35 26.02 26.41 26.85

73 38 7.0 7.0 7.0 22.0

3,752,384,706 3,740,110,733 3,699,051,373 3,699,051,373 3,699,051,373 3,698,162,484

FY20 FY21 1Q22 2Q22 3Q22 4Q22

31-Mar-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22

86,460 68,580 67,070 51,950 59,920 124,880

8,050 22,620 56,350 49,620 69,770 55,070
305,320 300,790 306,460 327,860 341,030 340,740
261,400 291,600 299,100 386,830 454,250 302,620
101,630 130,750 130,470 120,520 92,740 80,610
57,320 65,830 70,070 67,250 65,470 77,360
80 190 170 150 50 110
82,110 112,440 114,370 99,810 95,740 101,710
902,370 992,800 1,044,060 1,103,990 1,178,970 1,083,100

3,480 7,190 7,300 7,180 6,450 12,320

8,650 8,830 14,290 15,750 17,350 13,320
24,620 18,450 19,010 20,030 21,180 19,830
28,020 39,030 34,770 29,680 28,870 36,800
119,380 121,350 120,410 119,230 119,650 120,800
79,940 76,330 79,400 79,640 78,370 76,360
38,500 39,480 39,940 39,250 38,920 39,350
2,830 4,800 4,590 4,850 11,600 11,010
2,160 2,130 2,130 2,370 2,370 2,230
740 550 610 690 660 1,450
3,240 2,730 2,640 2,060 950 550
16,200 15,140 12,670 19,180 17,990 19,220
327,760 336,010 337,760 339,910 344,360 353,240

1,230,130 1,328,810 1,381,820 1,443,900 1,523,330 1,436,340

67,400 78,600 80,100 81,770 73,110 80,450

- - - - - -

- -
12,680 12,920 13,900 14,130 14,250 14,500
 61,000 61,500 51,670 60,600 69,260 76,870
29,150 36,500 33,220 34,160 36,270 36,350
27,490 34,980 37,790 38,610 39,210 38,100
2,930 13,940 13,980 13,880 13,830 14,110
37,120 62,430 72,750 68,900 71,960 79,210
32,830 40,680 52,820 38,600 39,820 83,920
270,600 341,550 356,230 350,650 357,710 423,510

-
69,060 65,030 67,740 67,960 65,610 63,680
2,910 2,800 2,830 2,960 5,680 5,720
6,970 11,970 10,430 9,820 12,180 11,100
4,170 7,490 7,760 7,330 7,480 6,770
- -
7,790 7,670 8,280 7,720 7,540 5,900
- - - - - -
90,900 94,960 97,040 95,790 98,490 93,170

361,500 436,510 453,270 446,440 456,200 516,680

3,750 3,700 3,700 3,700 3,700 3,660

- - - - - -
39,330 54,400 64,800 73,220 85,740 98,440
819,320 827,450 853,370 913,850 970,770 810,490
862,400 885,550 921,870 990,770 1,060,210 912,590

6,230 6,750 6,680 6,690 6,920 7,070

1,230,130 1,328,810 1,381,820 1,443,900 1,523,330 1,436,340

t policy and practice than the earlier IAS 39 standard. In accordance with the transition provisions set out in IFRS 9, we have restated the Net Foreign
FY22 1Q23

1,917,540 527,580

1,917,540 527,580

841,350 236,850
167,950 51,000
11,630 2,170
35,680 9,360
12,940 4,290
15,370 3,550
13,540 3,880
47,750 13,790
1,146,210 324,890

771,330 202,690

234,190 66,410
6,150 1,840
1,350 150
10,360 2,950
7,850 2,210
2,940 1,300
5,140 1,380
18,820 4,590
286,800 80,830

484,530 121,860

32,340 5,900

516,870 127,760

132,380 32,570

384,490 95,190

(1,220) (410)

383,270 94,780

383,270 94,780

103.62 25.90

43 8.0
3,698,832,195 3,659,051,373

FY22 1Q23
31-Mar-22 30-Jun-22

124,880 55,750
55,070 40,070
340,740 358,100
302,620 324,770
80,610 117,520
77,360 82,890
110 100
101,710 100,440
1,083,100 1,079,640

12,320 11,780
13,320 13,660
19,830 20,670
36,800 34,700
120,800 119,860
76,360 75,510
39,350 38,760
11,010 9,960
2,230 2,350
1,450 520
550 940
19,220 18,330
353,240 347,040

1,436,340 1,426,680

80,450 101,530
- -

-
14,500 14,420
 76,870 67,960
36,350 36,780
38,100 38,520
14,110 3,560
79,210 85,780
83,920 58,680
423,510 407,230

63,680 63,030
5,720 5,730
11,100 10,780
6,770 6,870
-
5,900 6,650
- -
93,170 93,060

516,680 500,290

3,660 3,660
- -
98,440 99,300
810,490 816,860
912,590 919,820

7,070 6,570

1,436,340 1,426,680

we have restated the Net Foreign Exchange Gains / Losses as reported under IAS 39 from 1Q FY12 till 3Q FY14. The cells impacted by this restatem
The cells impacted by this restatement are colored light blue. For more details, please refer to Notes to Accounts to our Financial Statements.
our Financial Statements.
Operating Metrics

TCS OPERATING METRICS FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 1Q22 2Q22 3Q22 4Q22 FY22 1Q23

Revenue Distribution by Geography - New Classification

Americas 55.9% 55.3% 54.0% 55.2% 56.1% 53.7% 53.0% 52.3% 51.3% 51.0% 51.9% 52.4% 53.3% 52.2% 55.0%
North America 53.7% 53.0% 51.9% 53.3% 54.0% 51.6% 51.0% 50.4% 49.7% 49.4% 50.3% 50.7% 51.6% 50.5% 53.2%
Latin America * 2.2% 2.3% 2.1% 1.9% 2.1% 2.1% 2.0% 1.9% 1.6% 1.6% 1.6% 1.7% 1.7% 1.7% 1.8%
Europe 26.7% 28.7% 28.3% 26.8% 25.4% 27.7% 29.7% 30.6% 31.9% 33.0% 32.0% 31.6% 31.1% 31.9% 30.1%
UK 17.1% 17.5% 16.7% 15.8% 13.9% 14.3% 15.6% 15.9% 15.6% 16.3% 16.1% 15.6% 15.6% 15.9% 14.9%
Continental Europe 9.6% 11.2% 11.6% 11.0% 11.5% 13.4% 14.1% 14.7% 16.3% 16.7% 15.9% 16.0% 15.5% 16.0% 15.2%
India 7.8% 6.7% 6.4% 6.2% 6.3% 6.4% 5.7% 5.7% 5.1% 4.6% 5.1% 5.5% 5.1% 5.1% 4.8%
Asia Pacific 7.5% 7.2% 9.3% 9.5% 9.7% 9.7% 9.5% 9.3% 9.6% 9.3% 9.0% 8.6% 8.5% 8.8% 8.3%
MEA 2.1% 2.1% 2.0% 2.3% 2.5% 2.5% 2.1% 2.1% 2.1% 2.1% 2.0% 1.9% 2.0% 2.0% 1.8%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
* Reclassified based on location of contracts, as is done in other regions
Back

Revenue Distribution by Industry Domain

BFSI 33.4% 31.9% 31.0% 30.8% 31.8% 32.4% 32.3% 32.0% 31.7% 32.1% 32.1%
Retail & CPG 12.9% 16.3% 15.4% 15.2% 14.4% 14.7% 15.0% 15.1% 15.3% 15.0% 15.9%
Communication & Media 7.0% 7.1% 6.9% 6.9% 6.6% 6.6% 6.6% 6.7% 6.9% 6.7% 6.8%
Manufacturing 7.3% 7.4% 9.9% 9.9% 9.6% 9.8% 9.9% 9.9% 10.0% 9.9% 9.9%
Life Science & Healthcare 6.9% 7.2% 7.5% 8.3% 9.7% 10.2% 10.0% 9.9% 10.1% 10.0% 10.1%
Technology & Services 7.8% 7.9% 8.8% 8.7% 8.7% 8.6% 8.8% 8.7% 8.7% 8.7% 8.8%
Regional Markets & Others 17.7% 17.7% 20.5% 20.2% 19.2% 17.7% 17.4% 17.7% 17.3% 17.6% 16.4%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Digital Revenue (%) 9.7% 13.8% 16.7% 21.2% 28.6% Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued
Back

Back

Currency Mix ( % of Revenue )

USD 57.1% 58.2% 58.6% 59.4% 59.3% 58.5% 57.1% 55.4% 57.0% 57.0% 54.6% 53.6% 53.0% 52.0% 51.7% 52.9% 53.1% 54.1% 53.0% 55.6%
GBP 16.7% 15.6% 13.1% 12.5% 12.4% 14.8% 15.3% 14.9% 14.0% 12.1% 12.4% 13.9% 14.0% 13.5% 14.0% 13.7% 13.4% 13.5% 13.6% 12.8%
EUR 7.7% 8.3% 7.8% 7.1% 7.6% 6.7% 8.7% 8.5% 7.7% 8.0% 9.4% 10.1% 10.7% 12.0% 12.5% 11.8% 11.8% 11.3% 11.8% 11.0%
OTHERS 18.6% 17.9% 20.5% 21.1% 20.7% 20.0% 18.9% 21.2% 21.3% 22.9% 23.6% 22.4% 22.3% 22.4% 21.8% 21.6% 21.7% 21.2% 21.6% 20.6%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Average Realized Rates in INR

USD 40.14 46.30 47.36 45.60 48.12 54.55 60.85 61.26 65.68 67.13 64.49 70.07 71.23 74.06 73.79 74.01 74.93 75.55 74.61 77.81
GBP 80.63 78.33 75.74 71.00 77.02 85.89 97.36 98.34 98.66 87.35 86.05 91.60 90.15 97.32 103.13 101.69 100.90 100.48 101.50 96.68
EUR 57.46 65.52 67.09 60.40 66.36 70.27 81.93 76.86 72.54 73.27 76.16 80.82 78.94 86.69 89.10 87.10 85.38 84.27 86.36 82.38

Back

TCS CLIENT METRICS

Clients Contribution - New Classification

USD 1 mn clients * 638 714 791 829 897 963 1008 1072 1096 1118 1138 1175 1182 1182 1196
USD 5 mn clients * 290 354 389 429 459 495 532 565 569 586 609 619 638 638 650
USD 10 mn clients * 211 231 261 298 310 350 371 391 387 405 417 426 439 439 446
USD 20 mn clients * 121 136 162 173 190 207 215 240 228 241 247 255 268 268 272
USD 50 mn clients * 52 53 68 73 84 97 99 105 101 105 114 118 120 120 124
USD 100 mn clients * 17 24 29 37 35 38 44 49 48 50 54 58 58 58 59
* Last Twelve Months' services revenues; includes clients in India

Back

TCS EMPLOYEE METRICS

Total Headcount 45,714 66,480 89,419 111,407 143,761 160,429 198,614 238,583 276,196 300,464 319,656 353,843 387,223 394,998 424,285 448,464 488,649 509,058 528,748 556,986 592,195 592,195 606,331

Net Addition 16,668 38,185 39,969 37,613 24,268 19,192 34,187 33,380 7,775 29,287 24,179 40,185 20,409 19,690 28,238 35,209 103,546 14,136

Back

LTM Attrition *
Attrition : IT Services 10.6% 12.0% 10.5% 11.0% 13.1% 11.1% 9.4% 10.4% 13.8% 14.7% 10.5% 11.0% 11.3% 12.1% 7.2% 8.6% 11.9% 15.3% 17.4% 17.4% 19.7%

Number of Nationalities of associates 53 67 62 67 80 99 110 118 118 122 129 130 131 147 144 154 155 157 156 153 153 153

% of Women associates 21.6% 24.0% 26.0% 27.8% 30.1% 30.4% 30.3% 31.6% 32.4% 32.7% 33.0% 33.8% 34.7% 35.3% 35.9% 36.2% 36.5% 36.2% 36.2% 36.0% 35.6% 35.6% 35.5%

Back

Revenue Growth in Constant Currency (CC)

QoQ CC Revenue Growth by Geography

North America Discontinued Discontinued 4.1% Discontinued Discontinued Discontinued Discontinued Discontinued
Latin America Discontinued Discontinued 4.0% Discontinued Discontinued Discontinued Discontinued Discontinued
UK Discontinued Discontinued 3.6% Discontinued Discontinued Discontinued Discontinued Discontinued
Continental Europe Discontinued Discontinued 1.5% Discontinued Discontinued Discontinued Discontinued Discontinued
India Discontinued Discontinued -14.1% Discontinued Discontinued Discontinued Discontinued Discontinued
Asia Pacific Discontinued Discontinued 2.4% Discontinued Discontinued Discontinued Discontinued Discontinued
MEA Discontinued Discontinued 4.2% Discontinued Discontinued Discontinued Discontinued Discontinued
Total Discontinued Discontinued 2.4% Discontinued Discontinued Discontinued Discontinued Discontinued

YoY CC Revenue Growth by Geography

North America 10.8% 7.6% 3.7% 8.3% 4.3% -0.9% 15.8% 17.4% 18.0% 18.7% 17.5% 19.1%
Latin America 16.1% 14.1% 7.8% 9.0% 5.8% -1.2% 16.1% 15.2% 21.1% 20.6% 18.2% 21.6%
UK 8.3% 6.1% 8.6% 22.0% 10.4% -4.3% 16.3% 15.6% 12.7% 13.0% 14.3% 12.6%
Continental Europe 12.9% 13.6% 19.1% 17.8% 14.6% 5.5% 19.7% 13.5% 17.5% 10.1% 15.1% 12.1%
India 9.8% 10.1% 6.9% 5.8% 6.8% -5.9% 25.3% 20.1% 15.2% 7.0% 16.0% 20.8%
Asia Pacific 19.8% 5.7% 5.9% 11.8% 6.2% -0.5% 9.3% 7.6% 4.3% 5.5% 6.7% 6.2%
MEA 27.3% 14.8% 5.5% -3.8% 6.5% -2.7% 25.3% 13.8% 6.9% 7.3% 12.9% 3.2%
Total 11.9% 8.3% 6.7% 11.4% 7.1% -0.8% 16.4% 15.5% 15.4% 14.3% 15.4% 15.5%

QoQ CC Revenue Growth by Industry Domain

BFSI Discontinued Discontinued 3.1% Discontinued Discontinued Discontinued Discontinued Discontinued
Retail & CPG Discontinued Discontinued 4.4% Discontinued Discontinued Discontinued Discontinued Discontinued
Communication & Media Discontinued Discontinued 1.7% Discontinued Discontinued Discontinued Discontinued Discontinued
Manufacturing Discontinued Discontinued 4.8% Discontinued Discontinued Discontinued Discontinued Discontinued
Life Science & Healthcare Discontinued Discontinued 7.3% Discontinued Discontinued Discontinued Discontinued Discontinued
Technology & Services Discontinued Discontinued 5.0% Discontinued Discontinued Discontinued Discontinued Discontinued
Regional Markets & Others Discontinued Discontinued -5.0% Discontinued Discontinued Discontinued Discontinued Discontinued
Grand Total Discontinued Discontinued 2.4% Discontinued Discontinued Discontinued Discontinued Discontinued
Digital Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued

YoY CC Revenue Growth by Industry Domain

BFSI 2.8% 7.7% 5.2% 2.4% 19.3% 17.0% 17.9% 12.9% 16.7% 13.9%
Retail & CPG 6.7% 12.1% 5.5% -6.2% 21.7% 18.4% 20.4% 22.1% 20.6% 25.1%
Communication & Media 9.5% 9.6% 9.8% -5.9% 6.9% 15.6% 14.4% 18.7% 14.0% 19.6%
Manufacturing 9.5% 7.5% 7.3% -4.1% 18.3% 21.7% 18.3% 19.0% 19.4% 16.4%
Life Science & Healthcare 11.9% 15.3% 16.8% 17.1% 25.4% 19.0% 16.3% 16.4% 19.2% 11.9%
Technology & Services 9.0% 6.1% 5.0% 0.2% 12.3% 14.8% 17.7% 18.0% 15.8% 16.4%
Regional Markets & Others 4.8% 18.7% 7.5% -5.9% 7.7% 6.4% 5.2% 4.0% 5.8% 9.8%
Grand Total 6.7% 11.4% 7.1% -0.8% 16.4% 15.5% 15.4% 14.3% 15.4% 15.5%
Digital 28.8% 35.3% 50.6% Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued Discontinued

Printed on 10/17/2022 at [Link] Page 20 of 32

TCS Consolidated Income Statement as per US GAAP - USD
Mn FY07 FY08

Revenue
Information Technology and Consultancy Services $ 3,930 $ 5,340
Sale of Equipment and Software Licenses $ 194 $ 295
Total Revenue $ 4,125 $ 5,634

Employee cost $ 1,831 $ 2,457

Cost of Equipment and Software Licenses $ 150 $ 243
Depreciation $ 65 $ 96
Travel $ 56 $ 70
Communication $ 34 $ 50
Rent $ 36 $ 68
Other Costs $ 136 $ 159
Total Cost of Revenues $ 2,307 $ 3,143

Gross Profit $ 1,818 $ 2,491

Operating Expenses
Selling, General and Administrative Expenses
Employee Cost $ 418 $ 671
Provision for Doubtful Debts $ 6 $ 9
Depreciation $ 31 $ 48
Rent $ 40 $ 52
Travel $ 57 $ 81
Communication $ 24 $ 32
Education, Recruitment and Training $ 29 $ 43
Professional Fees $ 31 $ 36
Other Costs $ 148 $ 229
Research and Development $ 10 $ 14
Total Operating Expenses $ 793 $ 1,215

Operating Income $ 1,025 $ 1,276

Other Income/(Exp ) $ 48 $ 171

Income before Income Tax $ 1,073 $ 1,447

Income tax $ 149 $ 187

Income after income tax $ 924 $ 1,260

Non Controlling Interest $ (9) $ (11)

Equity in Net Earnings of Affialiates
Net profit $ 915 $ 1,249

EPS (after adjusting for bonus shares) $ 0.47 $ 0.64

Weighted average no of shares used in computing EPS 978,610,498 978,610,498

Back

TCS Consolidated Balance Sheet as per US GAAP - USD Mn FY07 FY08

Period Ending FY07 FY08

ASSETS

Current Assets
Cash and Cash Equivalents $ 283 $ 258
Bank Deposits $ - $ -
Account Receivables $ 991 $ 1,344
Unbilled Revenue on Contracts $ 180 $ 337
Inventories $ 10 $ 11
Prepaid Expenses and Other Receivables $ 250 $ 373
Total Current Assets $ 1,713 $ 2,323

Non Current Assets

Investments in debentures issued by Tata Sons and its subsidiaries $ - $ -

Investments $ 291 $ 660
Equity Method Investment in Affiliates $ 1 $ 1
Property, Plant and Equipment $ 527 $ 753
Other Intangible Assets $ 97 $ 91
Goodwill $ 224 $ 277
Other Non-Current Assets $ 140 $ 259
Total Non Current Assets $ 1,281 $ 2,041

Total Assets $ 2,994 $ 4,364

LIABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities
Mandatorily Redeemable Preference shares with Tata Sons Ltd $ - $ 25
Accrued Expenses and Other Current Liabilities $ 550 $ 846
Unearned and Deferred Revenue $ 160 $ 177
Short-term Debt $ 14 $ 9
Total Current Liabilities $ 724 $ 1,058

Non Current Liabilities

Long-Term Debt / Borrowings $ 139 $ 143
Other Non-Current Liabilities $ 20 $ 19
Total Non-Current Liabilities $ 159 $ 162

Total Liabilities $ 882 $ 1,219

Shareholders' Equity
Common Stock - Par value / Share Capital $ 22 $ 22
Additional Paid-in Capital / Share Premium $ 547 $ 547
Retained Earnings $ 1,418 $ 2,296
Accumulated Other Comprehensive Income/(Loss) $ 77 $ 223
Total Shareholders' Equity attributable to TCS Ltd $ 2,063 $ 3,087

Non Controlling Interests $ 49 $ 57

Total Liabilities and Shareholders' Equity $ 2,994 $ 4,364

Note : From 1QFY12, Consolidated Financial Statements are being prepared in accordance with the International Financial Report
* For Detailed schedules and Notes to Accounts, please visit [Link]/investors/financial_info
 FY09 FY10 FY11

$ 5,789 $ 6,140 $ 7,907

$ 226 $ 199 $ 280
$ 6,016 $ 6,339 $ 8,187

$ 2,693 $ 2,799 $ 3,663

$ 196 $ 171 $ 246
$ 78 $ 94 $ 123
$ 71 $ 56 $ 76
$ 57 $ 62 $ 88
$ 100 $ 116 $ 105
$ 148 $ 114 $ 204
$ 3,343 $ 3,412 $ 4,505

$ 2,673 $ 2,927 $ 3,682

$ 748 $ 744 $ 926

$ 21 $ 41 $ (16)
$ 46 $ 58 $ 51
$ 58 $ 50 $ 70
$ 60 $ 43 $ 61
$ 32 $ 28 $ 32
$ 27 $ 21 $ 46
$ 42 $ 34 $ 44
$ 206 $ 208 $ 165
$ 8 $ 18 $ 23
$ 1,248 $ 1,245 $ 1,402

$ 1,425 $ 1,682 $ 2,280

$ -97 $ 49 $ 117

$ 1,327 $ 1,731 $ 2,397

$ 190 $ 261 $ 475

$ 1,137 $ 1,469 $ 1,922

$ (13) $ (16) $ (26)

$ 1,124 $ 1,454 $ 1,896

$ 0.57 $ 0.74 $ 0.97

978,610,498 1,957,220,996 1,957,220,996

FY09 FY10 FY11

FY09 FY10 FY11

$ 288 $ 228 $ 338

$ 226 $ 813 $ 725
$ 1,213 $ 1,293 $ 1,839
$ 292 $ 267 $ 303
$ 7 $ 4 $ 5
$ 277 $ 469 $ 647
$ 2,303 $ 3,075 $ 3,856

$ - $ 269 $ 282
$ 340 $ 573 $ 131
$ 1 $ 0 $ -
$ 739 $ 928 $ 1,174
$ 163 $ 158 $ 157
$ 511 $ 564 $ 571
$ 453 $ 581 $ 1,289
$ 2,207 $ 3,074 $ 3,603

$ 4,509 $ 6,149 $ 7,459

$ 20 $ 22 $ 22
$ 962 $ 978 $ 1,193
$ 153 $ 163 $ 182
$ 101 $ 51 $ 56
 $ 1,236 $ 1,214 $ 1,454

$ 35 $ 2 $ 1
$ 91 $ 187 $ 240
$ 126 $ 189 $ 240

$ 1,362 $ 1,403 $ 1,694

$ 22 $ 42 $ 42
$ 547 $ 527 $ 527
$ 3,074 $ 4,117 $ 5,032
$ (557) $ (24) $ 60
$ 3,085 $ 4,662 $ 5,660

$ 62 $ 84 $ 105

$ 4,510 $ 6,149 $ 7,459

rnational Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
TCS Consolidated Income Statement as per US GAAP - INR Mn FY05 FY06

Revenue
Information Technology and Consultancy Services 96,013 123,986
Sale of Equipment and Software Licenses 10,381 8,468
Total Income 106,394 132,454

Cost of Revenue
Cost of Services
Employee Cost 44,760 56,901
Cost of Equipment and Software Licenses 9,373 7,421
Depreciation 1,129 1,931
Travel 1,820 2,354
Communication 846 1,185
Rent - -
Other Costs 2,771 3,741
Total Cost of Revenues 60,699 73,533

Gross Profit 45,696 58,922

Operating Expenses
Selling, General and Administrative Expenses
Employee Cost 11,548 12,339
Provision for Doubtful Debts 291 405
Depreciation 512 879
Facility Expenses 778 1,074
Travel 1,569 1,904
Communication 702 877
Education, Recruitment and Training 403 786
Professional Fees 1,351 1,164
Other Costs 4,150 5,186
Research & Development Expenses 403 415
Total Operating Expenses 21,707 25,028

Operating Income 23,989 33,894

Total Other Income/(Expense) 2,113 190

Income Before Income Taxes 26,102 34,084

Total Taxes 4,799 4,989

Net Profit After Taxes 21,303 29,095

Adjustments for Minority Interests
Non Controlling Interest (79) (279)
Equity in net earnings of affiliates 3 16

Net Income Before Extraordinary Items 21,227 28,831

Extraordinary Gains/(Losses) 49 -

Net Income After Extraordinary Items 21,276 28,831

EPS (after adjusting for bonus shares) 10.91 58.94

Dividend Per share (INR) 12 14

SHARE CAPITAL
Average No. of Shares Outstanding (million)
Basic 470,461,111 489,305,249
Diluted 470,461,111 489,305,249

Back

TCS Consolidated Balance Sheet as per US GAAP - INR Mn

FY05 FY06
Period Ending 31-Mar-05 31-Mar-06

ASSETS

Current Assets
Cash and Cash Equivalents 2,633 3,965
Bank Deposits - -
Accounts Receivable ( net of allowances ) 20,343 32,790
Unbilled Revenue 2,203 4,712
Inventories 320 806
Prepaid Expenses and Other Current Assets 5,092 7,327
Total Current Assets 30,590 49,600

Non Current assets

Property, Plant and Equipment, net 10,870 15,072
Goodwill, net 447 4,630
Other Intangible Assets, net 84 4,063
 Investments 4,183 7,086

Investment in debentures issued by Tata Sons and its subsidiaries - -

Equity in Affiliates 14 188
Other Non-Current Assets 2,721 4,988
Total Non-Current Assets 18,318 36,026

Total Assets 48,908 85,626

LIABILITIES AND SHAREHOLDER'S EQUITY

Liabilities
Current Liabilities
Short-term Borrowings 1,928 987

Mandatorily Redeemable Preference shares with Tata Sons Ltd - -

Unearned and Deferred Revenue 1,772 5,317
Accrued Expenses and Other Current Liabilities 11,424 17,401
Total Current Liabilities 15,124 23,706

Non Current Liabilities

Long-Term Debt / Borrowings - 1,428
Other Non-Current Liabilities 483 521
Total Non Current Liabilities 483 1,949

Total Liabilities 15,608 25,655

Shareholders' Equity
Common Stock - Par value / Share Capital 480 489
Additional Paid-in Capital / Share Premium 21,584 24,862
Accumulated Other Comprehensive Income/(Loss) (183) (144)
Retained Earnings 10,096 33,201
Total Shareholders' Equity 31,977 58,408

Non Controlling Interests 1,323 1,564

Total Liabilities and Shareholders' Equity 48,908 85,626

Note : From 1QFY12, Consolidated Financial Statements are being prepared in accordance with the International Financial Report
* For Detailed schedules and Notes to Accounts, please visit [Link]/investors/financial_info

Back
FY07 FY08 FY09 FY10 FY11

177,372 214,347 267,819 290,852 360,464

8,789 11,828 10,310 9,437 12,782
186,160 226,175 278,129 300,289 373,245

82,657 98,630 124,465 132,613 166,975

6,783 9,720 8,937 8,118 11,227
2,912 3,851 3,645 4,468 5,631
2,531 2,838 3,227 2,668 3,469
1,526 2,046 2,643 2,925 4,044
1,603 2,766 4,615 5,475 4,812
6,114 6,343 6,859 5,401 9,234
104,126 126,195 154,391 161,668 205,392

82,034 99,981 123,738 138,621 167,853

18,859 26,965 34,621 35,274 42,216

254 381 998 1,947 (764)
1,384 1,897 2,119 2,739 2,359
1,820 2,076 2,723 2,398 3,199
2,565 3,248 2,747 2,034 2,754
1,062 1,285 1,466 1,313 1,402
1,319 1,735 1,234 977 2,141
1,420 1,454 1,955 1,633 1,977
6,647 9,162 9,386 9,865 7,599
432 565 475 851 1,067
35,762 48,768 57,726 59,031 63,950

46,273 51,212 66,013 79,590 103,903

2,116 6,889 (4,671) 2,255 5,244

48,389 58,101 61,341 81,845 109,147

6,700 7,494 9,011 12,202 21,204

41,689 50,607 52,330 69,643 87,943

 (417) (425) (605) (738) (1,115)
44 8 (7) (10) 0

41,316 50,190 51,719 68,895 86,828

- - - - -

41,316 50,190 51,719 68,895 86,828

42.22 25.64 26.43 35.12 44.53

13 14 14 20 14

978,610,498 978,610,498 978,610,498 1,957,220,996 1,957,220,996

978,610,498 978,610,498 978,610,498 1,957,220,996 1,957,220,996

FY07 FY08 FY09 FY10 FY11

31-Mar-07 31-Mar-08 31-Mar-09 31-Mar-10 31-Mar-11

12,291 10,352 14,625 10,249 15,078

- - - 36,525 32,323
43,090 53,903 61,532 58,098 81,990
7,835 13,525 14,814 12,011 13,489
416 424 366 178 228
11,221 14,965 31,666 21,089 28,840
74,853 93,170 123,003 138,149 171,948

22,912 30,214 37,490 41,706 52,340

9,744 11,105 25,906 25,333 25,472
4,234 3,633 8,279 7,082 6,982
 12,661 26,475 17,232 25,746 5,833

- - - 12,077 12,557
50 28 39 17 -
6,193 10,399 16,853 26,103 57,474
55,794 81,854 105,799 138,064 160,660

130,648 175,024 228,802 276,213 332,608

605 371 5,158 2,307 2,500

- 1,000 1,000 1,000 1,000

6,944 7,101 7,762 7,311 8,126
24,414 33,949 44,395 46,899 53,211
31,963 42,421 58,315 57,516 64,837

6,020 5,727 1,762 111 40

884 756 9,048 5,413 10,678
6,904 6,483 10,810 5,524 10,718

38,866 48,904 69,124 63,040 75,555

979 979 979 1,957 1,957

24,372 24,372 24,372 23,401 23,401
673 (418) (3,386) 35 1,844
63,637 98,887 134,580 184,011 225,187
89,661 123,820 156,545 209,404 252,389

2,121 2,300 3,133 3,768 4,663

130,648 175,024 228,802 276,213 332,608

e International Financial Reporting Standards (IFRS) as issued by the I -