TCS's net profit rose 11.95% to Rs 12,380 crore in the third quarter, employees reduced
Q3 Results: The country's largest IT services exporter TCS on Thursday said that its net profit rose 11.95 percent 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. Let's know what the company's financial results say.
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.
