Tata Consultancy Services (TCS) reported a consolidated net profit of ₹12,380 crore for the quarter ending December 31, 2024, marking a 12% increase compared to ₹11,058 crore in the same quarter last year, slightly surpassing expectations.
The company's revenue from operations grew by 6% to ₹63,973 crore in Q3FY25, compared to ₹60,583 crore in Q3FY24, but fell short of market estimates. Sequentially, the net profit rose by 4%.
A Moneycontrol survey of seven brokerages had estimated TCS's Q3 net profit at ₹12,308 crore and revenue at ₹64,218 crore.
TCS announced a third interim dividend of ₹10 and a special dividend of ₹66 per equity share of ₹1 face value. The record date for the dividend is January 17, and the payment date is February 3, as per the company's stock exchange filing.
Operating margins for Q3 stood at 24.5%, reflecting a sequential increase of 40 basis points.
Ahead of the results, TCS shares dropped nearly 1.5% on the BSE, closing at ₹4,046 per share.
K. Krithivasan, CEO and MD, commented, “We are delighted with the strong TCV performance in Q3, driven by growth across industries, geographies, and services. The return to growth in BFSI and CBG, the strong performance in Regional Markets, and early signs of recovery in discretionary spending give us confidence in the future. Our focus on upskilling, AI/Gen AI innovations, and strategic partnerships positions us well to seize upcoming opportunities.”
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