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TCS Q3 Results: Profit up 2%, Rs 27 per share dividend announced, Check Now

Profit growth was in line with analyst expectations of 7-11%. The Mumbai-based Tata Group reported a 4.04% increase in consolidated revenue for the third quarter.

TCS reported a 1.96 percent YoY increase in consolidated net profit for the December quarter of Rs 11,097 crore, compared to Rs 10,883 crore in the last year.

Analysts predicted flat revenue growth in rupee terms. In constant currency terms, revenue increased by 1.7%  YOY. The operating margin for the quarter was 25%, up 50 YOY.

We are seeing strong momentum across markets, which has resulted in a solid order book and gives us insight into long-term growth.

IT Major announced a third dividend of Rs 9 per share and a special dividend of Rs 18 per share. The third interim dividend  will be paid on February 5, 2024.

The record date is Friday, January 19, 2024. TCS shareholders whose names appear on the Company's Register of Members or in the Depositories' records.

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