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TCS Q3 Results: IT sector giant Tata Consultancy Services has declared the results of the third quarter (October-December) of the financial year 2024-25. TCS has achieved a profit of Rs 12,380 crore in the third quarter. This is an increase of 12 percent from the third quarter of last year when TCS’s profit stood at Rs 11,058 crore. For TCS, this profit has been higher than its estimates and it has presented better results than the market estimates.
TCS revenue increased by 6 percent on annual basis
Consolidated revenue of TCS has increased by 6 percent to Rs 63,973 crore in the third quarter, which was Rs 60,583 crore in the third quarter of FY 2024. This has been slightly less than expected and if seen on quarter to quarter basis, the net profit of TCS has increased by 4 percent.
TCS also announces special dividend
This time the company has declared a dividend of Rs 10 as the third interim dividend and along with this it has also declared a special dividend of Rs 66. In the information given to the stock exchange, TCS has said that the record date for dividend has been fixed as January 17 and its payment date will be February 3.
TCS share price
Today, before the company’s quarterly results, TCS shares closed at Rs 4044 per share, down by Rs 64.40 or 1.57 per cent. However, now on the basis of better results than market expectations, TCS shares are expected to rise on Friday, January 10.
Company’s order book remains strong
In the October-December third quarter, the total order book of the company has come down to $10.2 billion and during the previous quarter i.e. July-September, the order book value of TCS was at $8.6 billion. If we talk about the same quarter a year ago, the order book of Tata Consultancy Services was total at $ 8.1 billion.
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