TCS Q3 Results: Profit rises 12% YoY to Rs 12,380 crore, in-line with estimates

Indian IT bellwether rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Tata Consultancy Services (TCS) on Thursday reported a 12% jump in its December quarter consolidated net profit, reaching Rs 12,380 crore, compared to Rs 11,058 crore reported in the year-ago period.

ET Year-end Special Reads

This is nearly in line with the Street’s estimates of Rs 12,490 crore.

TCS has also announced an inteim dividend of Rs 10 per share and Rs 66 per share as special dividend to shareholders.

The revenue for Q3FY25 stood at Rs 63,973 crore, marking a 5.6% increase compared to Rs 60,583 crore reported by IT major in the same quarter of the previous financial year. However, it fell short of Street estimates, which had anticipated Rs 64,750 crore.

The quarter saw strong growth in Total Contract Value (TCV) despite the seasonally challenging Q3, positioning TCS for long-term growth, according to the company’s filing with the exchanges.

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