Ratan Tata’s TCS CFO makes BIG statement on wage hikes of employees: ‘Priority is…’

TCS, India’s largest CT Services company, recently announced the third quarter FY26 results. He witnessed the winds on growth and margins. Now, the Chief Finance Manager (CFO) Samir Sexaria said that it is a ‘priority’ for TCS to provide wage increases for more than 6 lakh employees. Speaking with PTI, Sexaria clearly said that TCS will focus on growth with profitability.

Sexaria stated that TCS rarely resorted to wage increases unlike peers, “My priority is to return to the wage increase.” He said. However, he did not specify when the hikes would be delivered. Sexaria, typically, annual wage increases in a way of operating profit margin over 1.50 percent, he said.

TCS Q1 Results

The company increased by 6 percent in non -core income, as the demand postponed the annual wage increases, which were affected by the demand due to macroeconomic and geopolitical problems and typically determined from April on April. 24.5 percent for the June quarter reported 0.20 percent contraction, but Sexaria stressed that the aim was to push margins to the desire range of 26-28 percent. Sexaria announced the preliminary recruitment investments to capture the demand while damaging margins, as lack of demand reduces the level of use.

TCS market value

The market value of TCS is currently at 11.81 Lakh Crore as of 11 July. The stock price of IT company was closed on Friday as 3,264.50 RS.

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TCS seems to be expanding margins

As the company tried to expand the margins, a number of controllable and unhealthy factors are struggling, Sexaria, usage and other organizational adjustments are controlled, while the demand cannot be controlled, they are controllable.