Thu Jan 09 10:30:00 UTC 2025: ## TCS Reports 12% Jump in Q3 Net Profit, Despite Stock Dip

**Mumbai, India** – Tata Consultancy Services (TCS), India’s largest IT services company, announced a significant 12% surge in its net profit for the third quarter (Q3) of the fiscal year, reaching ₹12,380 crore (approximately $1.5 billion USD). This represents a substantial increase from ₹11,058 crore in the same period last year and ₹11,909 crore in the previous quarter.

The company also reported a 6.13% rise in total income to ₹65,216 crore, exceeding both the previous quarter and the year-ago period. While expenses increased by 6.33% to ₹48,550 crore, the overall growth in profits demonstrates strong financial performance.

Despite the positive financial results, TCS’s stock price closed down 1.72% at ₹4,036.65 on the BSE on Thursday. The company’s employee base decreased by over 5,000 to 607,354. However, its order book showed impressive growth, reaching $10.2 billion, up from $8.6 billion in the previous quarter and $8.1 billion a year earlier.

Looking ahead, TCS faces potential challenges. The incoming US administration and its stance on H-1B visas, crucial for Indian IT firms, could impact operations in the US market. Furthermore, anticipated inflation and a less accommodative US Federal Reserve could affect client spending. Despite these headwinds, TCS remains a leader in India’s $250 billion software services sector, serving major global clients such as Apple and Bank of America.

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