TCS Q3 net profit jumps 11% to ₹10,846 cr; revenue up over 19%

India's largest IT services company TCS reported an 11 percent rise in December quarter net profit to Rs 10,846 crore, restricted by a narrowing of profit margins, but sounded sanguine about the deal pipeline.

In a multi-year first, the company reported a marginal decline in its employee base, which had been steadily growing for a long time, but made it clear that this was not due to the demand environment, and said it will hire up to 1.50 lakh people next fiscal.

The Tata group company's board also declared a dividend payout of Rs 75 per share, including a special dividend of Rs 67 per share, which will result in an outflow of Rs 33,000 crore in cash.