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 percent 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 percent year-on-year
TCS' consolidated revenue grew 6 percent to Rs 63,973 crore in the third quarter from Rs 60,583 crore in the third quarter of FY 2024. This is slightly less than the estimate and on a quarter-on-quarter basis, TCS's net profit has increased by 4 percent.
tcs also announces special dividend
This time the company has announced a dividend of Rs 10 as the third interim dividend and along with this, a special dividend of Rs 66 has also been announced. 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 company's quarterly results, tcs shares 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
The company's total order book in the October-December third quarter has come to $10.2 billion and during the previous quarter i.e. July-September, TCS's order book value was $8.6 billion. If we talk about the same quarter a year ago, the total order book of Tata Consultancy services was $8.1 billion.
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