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TCS Q3 net profit rises 12% to ₹12,380 crore

The Morning Standard

|

January 10, 2025

Earnings beat Street estimates, company reports 5.6% increase in revenue at ₹63,973 crore for the quarter

- UMA KANNAN

TCS Q3 net profit rises 12% to ₹12,380 crore

THE country's largest IT services company Tata Consultancy Services (TCS) on Thursday beat Street estimates and reported a 12% increase in its net profit at ₹12,380 crore for the third quarter ended December 2024 compared to ₹11,058 crore in the same quarter last year.

However, excluding the settlement of the legal claim that it had incurred in Q3 FY24, its y-o-y net income growth stood at 5.5%. The company's net margin for the third quarter was at 19.4%. Its revenue for the quarter ended December 2024 was at ₹63,973 crore, up 5.6% YoY.

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Jaishankar says India-EU FTA reaches decisive phase

Defence and security cooperation in focus

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