TCS’ total expenses increased by 6.33 percent to Rs 48,550 crore.
The country’s largest IT company TCS on Thursday reported 11.95 percent increase in net profit in the December quarter at Rs 12,380 crore. This Tata Group company had registered a net profit of Rs 11,058 crore in the same quarter a year ago and Rs 11,909 crore a quarter earlier. Its total income rose 6.13 per cent to Rs 65,216 crore in the third quarter, up from Rs 61,445 crore in the year-ago quarter and up from Rs 64,988 crore in the previous September quarter, PTI reported.
Dividend also announced
TCS has also declared an interim dividend of ₹10 per share and a special dividend of ₹66 per share to shareholders as interim dividend. The company’s third interim dividend and special dividend will be paid to shareholders on February 3, with the record date set for January 17. The IT company’s revenue increased by 5.6 percent to Rs 63,973 crore, while the company had earned Rs 60,583 crore in the same quarter of the last financial year. When a company goes dividend-free on a particular date, its stock no longer bears the value of its next dividend payment. TCS paid a total dividend of Rs 75 on five occasions in 2024. In 2023, it paid a dividend of Rs 117, while in 2022, the total dividend payout was Rs 45.
The number of TCS employees decreased
According to the news, TCS’s total expenses increased by 6.33 percent to Rs 48,550 crore, from Rs 45,658 crore in the same quarter a year ago. TCS shares closed at Rs 4,036, down 1.72 per cent. The company’s stock closed at Rs 65 per share on the BSE on Thursday, compared with a 0.68 per cent decline in the benchmark index. Meanwhile, the company said in a statement that its employee headcount declined by more than 5,000 to 6,07,354 at the end of the quarter.
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