On Thursday, the country's largest IT services exporter TCS released its third-quarter financial results. The company said that its net profit rose 11.95% to Rs 12,380 crore in the December quarter. The Tata Group company had achieved a net profit of Rs 11,058 crore in the same quarter a year ago and Rs 11,909 crore a quarter ago.

The total income for the quarter in review jumped 6.13% from Rs 65,216 crore, against Rs 61,445 crore in the same period a year ago and over Rs 64,988 crore in the September quarter of the previous financial year.

Total expenses rose 6.33% to Rs 48,550 crore against Rs 45,658 crore in the same period a year ago. TCS shares fell 1.72% to close at Rs 4,036.65 on the BSE on Thursday. The company said in a statement that its employee strength fell by over 5,000 to 6,07,354 at the end of the quarter.

The company has further announced an interim dividend of Rs 10 each and a special dividend of Rs 66 per share to its shareholders.