TCS Q3 results: Profit rises 12% YoY; firm announces Rs 18,000 cr buyback
NEW DELHI: Tata Consultancy Services (TCS NSE 0.13 %), the largest IT company in India, on Wednesday said its consolidated net profit for the quarter ended December climbed 12.3 percent to Rs 9,769 crore from Rs 8,701 crore in the corresponding quarter last year.
The company said its revenue from operations increased 16.3 percent year-on-year (YoY) to Rs 48,885 crore from Rs 42,015 crore in the same quarter a year ago.
TCS announced a third interim dividend of Rs 7 per share. The record date for the dividend is January 20 and the dividend will be credited by February 7.