TCS Q3 Result: The December 2024 quarter was much better than expected for Tata Consultancy Services, the country’s largest IT company in terms of profit. Although revenue has increased, it was less than expected. Along with the results, the company has also announced the third interim dividend and special dividend of this financial year, the record date of which has also been fixed. The company’s consolidated net profit increased by 12 per cent year-on-year to Rs 12,380 crore in the December quarter. During this period, revenue increased by 6 percent to Rs 63,973 crore.
TCS was projected to post net profit of Rs 12,308 crore and revenue of Rs 64,218 crore in a Moneycontrol poll. Talking about shares, today before the results came, it closed at Rs 4036.65 with a fall of 1.72 percent on BSE.
What is the record date for dividend?
TCS has declared an interim dividend of Rs 10 and a special dividend of Rs 66, the record date of which has been fixed as January 17. It will be credited to the shareholders’ accounts by February 3. Earlier in this financial year, it has distributed interim dividend of ₹10 each i.e. ₹20 per share to the shareholders twice.
TCS Q3 Result: Special points
This time TCS has presented the results first among big IT companies. HCLTech, Wipro and Infosys will present December quarter results next week. In the December quarter, TCS’s consolidated net profit increased by 11.96 per cent to Rs 12,380 crore from Rs 11,058 crore on an annual basis. During this period, revenue also jumped by 5.60 percent from Rs 60,583 crore to Rs 63,973 crore.
Regarding the results, the company’s CEO and MD K Kritinivasan says that he is very happy with the Total Contract Value (TCV) performance. The company’s total order book in the December quarter stood at $ 1020 crore, whereas in the December 2023 quarter it was $ 810 crore and in the September 2024 quarter it was $ 860 crore.