TCS Q3 Results: Profit up 2%, Rs 27/ Share dividend Announced


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

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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.

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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.

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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.

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

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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.

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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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