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**TCS Q3 Profit Jumps 11.95%, Declares Interim and Special Dividends**

MUMBAI, INDIA – Tata Consultancy Services (TCS), India’s largest IT company, announced a significant 11.95% surge in net profit for the December quarter, reaching ₹12,380 crore (approximately $1.5 billion USD). This marks a considerable increase from ₹11,058 crore in the same quarter last year and ₹11,909 crore in the previous quarter.

The company’s consolidated revenue also saw a 6.13% rise to ₹65,216 crore, exceeding the ₹61,445 crore recorded in the year-ago period and surpassing the previous quarter’s ₹64,988 crore. Revenue from operations increased by 5.6% to ₹63,973 crore. Total expenses rose by 6.33% to ₹48,550 crore.

To reward shareholders, TCS declared an interim dividend of ₹10 per share and a special dividend of ₹66 per share, totaling ₹76 per share. The dividends will be paid on February 3rd, with the record date set for January 17th. This brings the total dividend paid in 2024 to ₹75, compared to ₹117 in 2023 and ₹45 in 2022.

Despite the strong financial results, TCS’s share price closed down 1.72% at ₹4,036 on the BSE. The company also reported a reduction in its employee count by over 5,000, ending the quarter with 607,354 employees.

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