Fri Jan 10 09:54:25 UTC 2025: ## Indian Companies Announce Mixed Q3 FY25 Results; TCS Falls Short of Expectations
**Mumbai, January 10, 2025** – The Indian stock market saw a mixed bag of results as several companies announced their third-quarter (Q3) fiscal year 2025 (FY25) earnings on Thursday. Tata Consultancy Services (TCS), India’s largest software exporter, reported slightly lower-than-anticipated revenue growth, despite a rise in net profit. The company’s consolidated revenue increased by 5.6% to ₹639.73 billion, missing analysts’ predictions of ₹644.52 billion. Net profit rose 12% year-on-year to ₹12,444 crore. Despite the positive net profit increase, the stock closed 1.57% lower on the NSE at ₹4,044, following a day of fluctuating prices. TCS also declared a third interim dividend of ₹10 and a special dividend of ₹66 per share.
Other companies showed varied performances. IREDA, a non-banking financial company, reported a nearly 27% increase in net profit to ₹425.37 crore, driven by higher revenues. However, its shares ended the day down by 3.42% on the NSE. CESC saw a slight increase in standalone net profit, while Shah Metacorp announced a significant increase in consolidated net profit and an investment in Western Urja Private Limited. Several other companies, including Tata Elxsi, Padam Cotton Yarns, GTPL Hathway, Vivo Bio Tech, Teamo Productions HQ, Just Dial, and PCBL, also released their Q3 results, showing a range of performances.
The overall market reaction to the results was mixed, reflecting the broader economic uncertainty and the continuing impact of reduced tech spending by clients. Analysts noted that the muted tech spending trend remains a concern for the IT sector, with expectations for modest growth in the coming quarters. The performance of Tata Motors, which reported a 1% year-over-year increase in global wholesales, also reflected the complex picture of the Indian economy.
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