Tata Consultancy Services (TCS) shares gained 1.03 per cent to reach ₹4,309.70 on Monday morning, following the IT major’s robust third-quarter performance announced last week. The company declared a special dividend of ₹66 per share along with an interim dividend of ₹10 per share.

For the quarter ended December 31, 2024, TCS reported a consolidated net profit of ₹12,444 crore, representing a 12.1 per cent increase compared to ₹11,097 crore in the same quarter last year. The company’s revenue from operations grew 5.6 per cent to ₹63,973 crore.

The IT services giant maintained steady performance across key verticals, with Banking, Financial Services and Insurance (BFSI) remaining the largest segment, contributing ₹23,481 crore to the quarterly revenue. The operating margin stood at 25 per cent for Q3.

The board’s decision to declare a total dividend of ₹76 per share signals strong cash flow generation and reinforces the company’s commitment to shareholder returns. The company maintains its position as one of India’s largest IT services exporters.

Published on January 13, 2025