IT sector giant Tata Consultancy Services has announced the results for the third (October-December) quarter of FY 2024-25. TCS has earned a profit of Rs 12,380 crore in the third quarter. This is a 12 per cent increase from the third quarter of last year when TCS’s profit stood at Rs 11,058 crore. This profit for TCS has been more than its estimate and it has presented better results than the market estimates.
TCS revenue increased by 6 per cent on an annual basis
TCS’ consolidated revenue grew 6 per cent to Rs 63,973 crore in the third quarter from Rs 60,583 crore in the third quarter of FY 2024. This is slightly lower than the estimate and on a quarter-on-quarter basis, TCS’s net profit has increased by 4 per cent.
TCS also announced special dividend
This time the company has announced a dividend of Rs 10 as the third interim dividend and along with this it has also announced a special dividend of Rs 66. In the information given to the stock exchange, TCS has said that the record date for the dividend has been fixed as January 17 and its payment date will be February 3.
TCS share price
Today, before the quarterly results of the company, the share of TCS closed at Rs 4044 per share with a decline of Rs 64.40 or 1.57 percent. However, now on the basis of better results than the market expectations, TCS shares are expected to see a rise on Friday, January 10.
The company’s order book remained strong
In the third quarter of October-December, 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. The total order book of Tata Consultancy Services stood at $8.1 billion in the same quarter a year ago.
