Tata Consultancy Services (TCS) witnessed a 4% surge in its share price today following the announcement of its Q3 FY25 financial results. The IT giant reported a consolidated net profit of ₹12,380 crore, reflecting a 12% year-on-year (YoY) growth, beating analysts’ expectations. Sequentially, the net profit rose by 4%.
Q3 Highlights
- Revenue from Operations: ₹63,973 crore, up 6% YoY but slightly below the estimates of ₹64,218 crore.
- Net Profit: ₹12,380 crore, surpassing the projected ₹12,308 crore in the Moneycontrol poll.
- Operating Margins: Stood at 24.5%, marking an increase of 40 basis points sequentially.
Dividend Announcement
TCS declared:
- Third Interim Dividend: ₹10 per share.
- Special Dividend: ₹66 per share. The record date for the dividend is January 17, 2025, and the payment is scheduled for February 3, 2025.
Market Reaction
As of 9:15 am, TCS shares were trading 3.74% higher at ₹4,189.75 on NSE, reflecting investor optimism following the results.
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