Thu Jan 09 18:04:19 UTC 2025: ## TCS Reports Strong Q3 Results: 12% Profit Rise, Record Dividend Announced

**Mumbai, India –** Tata Consultancy Services (TCS), India’s largest IT services company, today announced a robust performance for the December quarter, exceeding market expectations. The company reported a 12% year-on-year increase in consolidated net profit, reaching ₹12,380 crore (approximately $1.5 billion USD), compared to ₹11,058 crore in the same period last year.

Revenue for the quarter reached ₹63,973 crore, a 5.6% year-on-year increase (4.5% in constant currency). While the operating margin dipped slightly to 24.5% (a 50 basis point YoY decline), it showed a sequential improvement of 40 basis points. The net margin stood at 19.4%.

CEO and MD K Krithivasan attributed the strong results to robust deal wins and growth across various industries, noting a positive trend in discretionary spending. CFO Samir Seksaria highlighted improved margins and strong cash flows, with net cash from operations reaching ₹13,032 crore – 105.3% of net income.

TCS also announced a significant dividend payout: a third interim dividend of ₹10 per share and a special dividend of ₹66 per share, totaling ₹76 per share. The record date for the dividend is January 17, 2025, with payment scheduled for February 3, 2025.

The company’s employee count stands at 607,354, with an IT services attrition rate of 13% over the past twelve months. Women comprise 35.3% of the workforce, representing 152 nationalities. The strong results and substantial dividend payout signal a confident outlook for TCS in the coming year.

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