TCS Reports 7% Jump In Q3 Profit; Announces Interim Dividend

On Friday, Tata Consultancy Services reported a consolidated net profit of Rs 8,701 crore for the December-ended quarter, a 16.4% jump from the previous quarter and a 7.1% increase year-on-year, on the back of demand-led revenue growth.

The IT giant said that it was the strongest third-quarter growth in the last nine years.

Notably, the September-ended quarter has a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC. The consolidated revenue for the quarter rose 4.7% sequentially to Rs 42,015 crore, and the year-on-year increase was 5.4% for the quarter.