• Divyani Baranwal

This report undertakes an empirical investigation into the relationship between Corporate Social Responsibility (CSR) expenditure and Corporate Financial Performance (CFP) at Tata Consultancy Services (TCS), a globally renowned Indian multinational information technology (IT) services and consulting company. Leveraging a decade of financial and CSR data (Fiscal Years 2014-15 to 2023-24), primarily sourced from TCS's official annual and sustainability reports, this analysis aims to contribute nuanced evidence to the ongoing debate surrounding the financial implications of CSR, particularly within the context of India's mandatory CSR legislation (Section 135 of the Companies Act, 2013). The study employs quantitative methods, including descriptive statistics, correlation, and multiple regression analysis, to examine the impact of CSR spending on key financial indicators such as Profit After Tax (PAT), Return on Assets (ROA), and Return on Equity (ROE), while controlling for firm size and leverage. Keywords- Corporate Social Responsibility, Corporate Financial Performance, sustainability reports, quantitative methods, multiple regression analysis

Keywords- Corporate Social Responsibility, Corporate Financial Performance, sustainability reports, quantitative methods, multiple regression analysis

"An Analysis of the Interplay of Corporate Social Responsibility Expenditure and Financial Performance of Tata Consultancy Services", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 5, page no.q460-q469, May-2024, Available :http://www.jetir.org/papers/JETIR2405H55.pdf

"An Analysis of the Interplay of Corporate Social Responsibility Expenditure and Financial Performance of Tata Consultancy Services", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 5, page no. ppq460-q469, May-2024, Available at : http://www.jetir.org/papers/JETIR2405H55.pdf