TCS Q3 Results: 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 percent year-on-year

The consolidated revenue of TCS grew by 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, the net profit of TCS 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 company's quarterly results, TCS shares closed down by Rs 64.40 or 1.57 per cent at Rs 4044 per share. 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 company's total order book has come down to $10.2 billion and during the previous quarter i.e. July-September, TCS's order book value was $8.6 billion. Talking about the same quarter a year ago, the total order book of Tata Consultancy Services was $8.1 billion.