Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for Q3 FY25, reaching ₹12,380 crore compared to ₹11,058 crore in the same quarter last year, surpassing market estimates. The company’s consolidated revenue grew by 6% year-on-year to ₹63,973 crore from ₹60,583 crore, although it fell short of projections.
Sequentially, TCS’s net profit increased by 4%. Analysts had estimated a net profit of ₹12,308 crore and revenue of ₹64,218 crore for the October-December quarter.
The IT major declared a third interim dividend of ₹10 and a special dividend of ₹66 per equity share of par value of ₹1 each. A record date in respect of the same is January 17 and the said amount would be paid on February 3.
K Krithivasan, CEO and MD, said, “The excellent TCV performance in Q3, well-rounded across industries, geographies, and service lines, provides good visibility for long-term growth. BFSI and CBG sectors return to growth. Discretionary spending shows early signs of revival.
CFO Samir Seksaria said that TCS has seen margin improvement despite the currency volatility, along with strong free cash flows. Order book grew to $10.2 billion this quarter from $8.6 billion in the previous quarter and $8.1 billion a year ago.
Milind Lakkad, Chief HR Officer, said, “Investments in talent development were more than 25,000 promotions this quarter and more than 1,10,000 this financial year. The company plans to ramp up campus hiring next year.
Ahead of the results, TCS shares fell nearly 1.5% to close at ₹4,046 on the BSE. The performance of TCS at the beginning of the earnings season sets the stage for other big-ticket IT firms such as HCLTech, Wipro, and Infosys, which are slated to announce their Q3 results next week.
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Source: Moneycontrol
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