TATA CONSULTANCY SERVICES LIMITED

Standalone Balance Sheet

(` crore)
Note As at As at
March 31, 2024 March 31, 2023
ASSETS
Non-current assets
Property, pl a nt a nd equi pment 8(a ) 8,336 9,186
Ca pi ta l work-i n-progres s 8(a ) 1,450 1,103
Ri ght-of-us e a s s ets 7 6,154 5,695
Inta ngi bl e a s s ets 8(b) 463 809
Fi na nci a l a s s ets
Inves tments 6(a ) 2,405 2,405
Tra de recei va bl es
Bi l l ed 6(b) 127 125
Unbi l l ed 65 196
Loa ns 6(e) 2 3
Other fi na nci a l a s s ets 6(f) 626 532
Deferred ta x a s s ets (net) 15 2,524 2,464
Income ta x a s s ets (net) 1,062 2,115
Other a s s ets 8(c) 3,016 2,410
Total non-current assets 26,230 27,043
Current assets
Inventori es 8(d) 27 27
Fi na nci a l a s s ets
Inves tments 6(a ) 29,840 35,738
Tra de recei va bl es
Bi l l ed 6(b) 38,591 35,534
Unbi l l ed 7,477 7,264
Ca s h a nd ca s h equi va l ents 6(c) 3,644 1,462
Other ba l a nces wi th ba nks 6(d) 2,955 3,081
Loa ns 6(e) 317 332
Other fi na nci a l a s s ets 6(f) 1,559 1,557
Income ta x a s s ets (net) 111 -
Other a s s ets 8(c) 10,397 7,789
Total current assets 94,918 92,784
TOTAL ASSETS 1,21,148 1,19,827
EQUITY AND LIABILITIES
Equity
Sha re ca pi ta l 6(n) 362 366
Other equi ty 9 71,758 74,172
Total equity 72,120 74,538
Liabilities
Non-current liabilities
Fi na nci a l l i a bi l i ti es
Lea s e l i a bi l i ti es 5,128 4,698
Other fi na nci a l l i a bi l i ti es 6(i ) 315 340
Empl oyee benefi t obl i ga ti ons 12 144 95
Deferred ta x l i a bi l i ti es (net) 15 154 190
Unea rned a nd deferred revenue 226 642
Total non-current liabilities 5,967 5,965
Current liabilities
Fi na nci a l l i a bi l i ti es
Lea s e l i a bi l i ti es 1,017 961
Tra de pa ya bl es
Dues of s ma l l enterpri s es a nd mi cro enterpri s es 6(g) 79 -
Dues of credi tors other tha n s ma l l enterpri s es a nd mi cro enterpri s es 6(h) 14,520 13,768
Other fi na nci a l l i a bi l i ti es 6(i ) 6,286 6,948
Unea rned a nd deferred revenue 2,811 2,962
Other l i a bi l i ti es 8(e) 4,458 3,113
Provi s i ons 8(f) 71 279
Empl oyee benefi t obl i ga ti ons 12 3,332 3,022
Income ta x l i a bi l i ti es (net) 10,487 8,271
Total current liabilities 43,061 39,324
TOTAL EQUITY AND LIABILITIES 1,21,148 1,19,827

NOTES FORMING PART OF FINANCIAL STATEMENTS

As per our report of even date attached For and on behalf of the Board

For B S R & Co. LLP K Krithivasan N Ganapathy Subramaniam

Chartered Accountants CEO and Managing Director COO and Executive Director
Firm's registration no: 101248W/W-100022

Amit Somani Samir Seksaria Pradeep Manohar Gaitonde

Partner CFO Company Secretary
Membership No: 060154
Mumbai, April 12, 2024 Mumbai, April 12, 2024

1
 TATA CONSULTANCY SERVICES LIMITED
Standalone Statement of Profit and Loss
(` crore)
Note Year ended Year ended
March 31, 2024 March 31, 2023
Revenue from opera ti ons 10 202,359 1,90,354
Other i ncome 11 7,273 5,328
TOTAL INCOME 209,632 1,95,682
Expenses
Empl oyee benefi t expens es 12 103,139 96,218
Cos t of equi pment a nd s oftwa re l i cences 13(a ) 3,347 1,416
Fi na nce cos ts 14 673 695
Depreci a ti on a nd a morti s a ti on expens e 3,887 3,940
Other expens es 13(b) 40,026 41,723
TOTAL EXPENSES 151,072 1,43,992
PROFIT BEFORE EXCEPTIONAL ITEM AND TAX 58,560 51,690
Exceptional item
Settl ement of l ega l cl a i m 19 958 -
PROFIT BEFORE TAX 57,602 51,690
Tax expense
Current ta x 15 14,178 12,946
Deferred ta x 15 (135) (362)
TOTAL TAX EXPENSE 14,043 12,584
PROFIT FOR THE YEAR 43,559 39,106
OTHER COMPREHENSIVE INCOME (OCI)
Items that will not be reclassified subsequently to profit or loss
Remea s urement of defi ned empl oyee benefi t pl a ns (60) 54
Income tax on items that will not be reclassified subsequently to profit or loss 13 (12)
Items that will be reclassified subsequently to profit or loss
Net cha nge i n fa i r va l ues of i nves tments other tha n 237 (679)
equi ty s ha res ca rri ed a t fa i r va l ue through OCI
Net cha nge i n i ntri ns i c va l ue of deri va ti ves des i gna ted a s 1 (25)
ca s h fl ow hedges
Net cha nge i n ti me va l ue of deri va ti ves des i gna ted a s 13 32
ca s h fl ow hedges
Income tax on items that will be reclassified subsequently to profit or loss (39) 236
TOTAL OTHER COMPREHENSIVE INCOME / (LOSSES) 165 (394)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 43,724 38,712
Earnings per equity share:- Basic and diluted (`) 16 119.44 106.88
Wei ghted a vera ge number of equi ty s ha res 364,68,51,755 365,90,51,373

NOTES FORMING PART OF FINANCIAL STATEMENTS

As per our report of even date attached For and on behalf of the Board

For B S R & Co. LLP K Krithivasan N Ganapathy Subramaniam

Chartered Accountants CEO and Managing Director COO and Executive Director
Firm's registration no: 101248W/W-100022

Amit Somani Samir Seksaria Pradeep Manohar Gaitonde

Partner CFO Company Secretary
Membership No: 060154
Mumbai, April 12, 2024 Mumbai, April 12, 2024

2
 TATA CONSULTANCY SERVICES LIMITED
Standalone Statement of Changes in Equity
A. EQUITY SHARE CAPITAL
(` crore)
Balance as at Changes in equity share capital due Restated balance as at Changes in equity share capital Balance as at
April 1, 2023 to prior period errors April 1, 2023 during the year* March 31, 2024
366 - 366 (4) 362
(` crore)
Balance as at Changes in equity share capital due Restated balance as at Changes in equity share capital Balance as at
April 1, 2022 to prior period errors April 1, 2022 during the year March 31, 2023
366 - 366 - 366

*Refer note 6(n)

3
 TATA CONSULTANCY SERVICES LIMITED
Standalone Statement of Cash Flows
(` crore)
Year ended Year ended
March 31, 2024 March 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Profit for the year 43,559 39,106
Adjustments for:
Depreci a ti on a nd a morti s a ti on expens e 3,887 3,940
Ba d debts a nd a dva nces wri tten off, a l l owa nce for expected credi t l os s es a nd 97 110
doubtful a dva nces (net)
Ta x expens e 14,043 12,584
Net (ga i n) / l os s on l ea s e modi fi ca ti on (2) 3
Net ga i n on s ub-l ea s e - (7)
Unrea l i s ed forei gn excha nge ga i n (11) (185)
Net ga i n on di s pos a l of property, pl a nt a nd equi pment (8) (27)
Net ga i n on di s pos a l / fa i r va l ua ti on of i nves tments (264) (209)
Interes t i ncome (3,382) (3,046)
Di vi dend i ncome (i ncl udi ng excha nge i mpa ct) (3,288) (2,112)
Fi na nce cos ts 673 695
Operating profit before working capital changes 55,304 50,852
Net change in
Inventori es - (8)
Tra de recei va bl es
Bi l l ed (3,145) (5,817)
Unbi l l ed (82) (1,157)
Loa ns a nd other fi na nci a l a s s ets (291) 192
Other a s s ets (3,125) (384)
Tra de pa ya bl es 831 3,686
Unea rned a nd deferred revenue (567) 31
Other fi na nci a l l i a bi l i ti es (698) 1,222
Other l i a bi l i ti es a nd provi s i ons 1,498 (654)
Cash generated from operations 49,725 47,963
Ta xes pa i d (net of refunds ) (10,583) (10,934)
Net cash generated from operating activities 39,142 37,029

CASH FLOWS FROM INVESTING ACTIVITIES

Ba nk depos i ts pl a ced (6,489) (3,528)
Inter-corpora te depos i ts pl a ced - (7,580)
Purcha s e of i nves tments (128,764) (122,721)
Pa yment for purcha s e of property, pl a nt a nd equi pment (1,720) (2,041)
Pa yment i ncl udi ng a dva nces for a cqui ri ng ri ght-of-us e a s s ets (17) (94)
Pa yment for purcha s e of i nta ngi bl e a s s ets (411) (340)
Proceeds from ba nk depos i ts 6,605 5,930
Proceeds from i nter-corpora te depos i ts - 12,966
Proceeds from di s pos a l / redempti on of i nves tments 135,375 115,825
Proceeds from s ub-l ea s e recei va bl e 10 5
Proceeds from di s pos a l of property, pl a nt a nd equi pment 14 29
Interes t recei ved 2,670 2,933
Di vi dend recei ved from s ubs i di a ri es 3,534 1,866
Net cash generated from investing activities 10,807 3,250

6
 TATA CONSULTANCY SERVICES LIMITED
Standalone Statement of Cash Flows
(` crore)
Year ended Year ended
March 31, 2024 March 31, 2023
CASH FLOWS FROM FINANCING ACTIVITIES
Repa yment of l ea s e l i a bi l i ti es (1,061) (1,006)
Interes t pa i d (590) (697)
Di vi dend pa i d (25,137) (41,347)
Tra ns fer of funds to buy-ba ck es crow a ccount (425) -
Tra ns fer of funds from buy-ba ck es crow a ccount 425 18
Expens es for buy-ba ck of equi ty s ha res (Refer note 6(n)) (46) -
Ta x on buy-ba ck of equi ty s ha res (Refer note 6(n)) (3,959) (4,192)
Buy-ba ck of equi ty s ha res (Refer note 6(n)) (17,000) -
Net cash used in financing activities (47,793) (47,224)
Net change in cash and cash equivalents 2,156 (6,945)
Ca s h a nd ca s h equi va l ents a t the begi nni ng of the yea r 1,462 8,197
Excha nge di fference on tra ns l a ti on of forei gn currency ca s h a nd ca s h equi va l ents 26 210
Cash and cash equivalents at the end of the year 3,644 1,462
Components of cash and cash equivalents
Balances with banks
In current a ccounts 1,359 776
In depos i t a ccounts 2,285 686
Cheques on ha nd -* -*
Ca s h on ha nd -* -*
Remi tta nces i n tra ns i t -* -*
3,644 1,462

*Represents value less than `0.50 crore.

Refer note 13(c) for amount spent during the years ended March 31, 2024 and 2023 on construction / acquisition of any asset and other purposes
relating to CSR activities.

NOTES FORMING PART OF FINANCIAL STATEMENTS

As per our report of even date attached For and on behalf of the Board

For B S R & Co. LLP K Krithivasan N Ganapathy Subramaniam

Chartered Accountants CEO and Managing Director COO and Executive Director
Firm's registration no: 101248W/W-100022

Amit Somani Samir Seksaria Pradeep Manohar Gaitonde

Partner CFO Company Secretary
Membership No: 060154
Mumbai, April 12, 2024 Mumbai, April 12, 2024