Thu Jan 09 15:10:29 UTC 2025: ## TCS Q3 Results Slightly Below Expectations: Net Profit Up 12% to ₹12,380 Crore
**Mumbai, January 9, 2025** – Tata Consultancy Services (TCS), India’s largest IT services provider, announced its Q3 FY24 results today, reporting a 12% year-on-year increase in net profit to ₹12,380 crore. Revenue also saw a 5.6% rise, reaching ₹63,973 crore for the October-December quarter. While showing growth, these figures fell slightly short of analyst predictions of ₹12,399 crore in profit.
TCS is the first major IT company to release its Q3 results. HCL Tech, Wipro, and Infosys are expected to announce their December quarter earnings next week.
The slightly underwhelming results impacted TCS’s share price, which closed 1.72% down at ₹4036.65 on the BSE today. Despite the shortfall compared to analyst expectations, the company’s growth in both profit and revenue indicates continued strength in the IT sector. The company also announced a dividend. Further details on the dividend payout were not immediately available in the provided text.
First Piper 