IT company Tata Consultancy Services Limited (TCS) has released the results for the third quarter (Q3FY25) of the financial year 2024-25 today i.e. on January 9. In the October-December quarter, the consolidated net profit of TCS increased by about 3.95% on a quarterly basis to Rs 12,380 crore. Earlier, in the July-September quarter, it was Rs 11,909 crore. On the other hand, the net profit has increased by 12% on an annual basis.
TCS will pay dividend
However, the company’s income has seen a decline. In the October-December quarter, it was Rs 63,973 crore. In the previous quarter, the company had an income of Rs 64,259 crore. At the same time, EBIT increased from Rs 15,469 crore to Rs 16900 crore on a quarterly basis.
Along with the results, TCS has also announced an internal dividend of Rs 10 per share and a special dividend of Rs 66 for its shareholders. When companies give a part of their profits to their shareholders, it is called dividend.
TCS stock rose 9.60%
Today, TCS stock closed at 4,044 with a decline of 1.57%. In the last 1 month, the stock has given a negative return of 9.17%. However, in the last 6 months, TCS stock has given a positive return of 1.47% and in the last one so far, it has given a positive return of 9.60%.
Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) company. It is a subsidiary of the Tata Group. TCS was founded in 1968 as ‘Tata Computer Systems’. On 25 August 2004, TCS became a public listed company.
In 2005, it became the first Indian company to enter the informatics market. In April 2018, it became the country’s first IT company with a market capitalization of $100 billion. The current market cap of the company is Rs 14.17 lakh crore. It operates in 149 locations in 46 countries.
