TCS Q3 results: India's largest IT firm, Tata Consultancy Services Ltd, announced their October to December quarter results on Thursday, Janaury 9. The company announced a 12 per cent rise in net profit to ₹ 12,380 crore.

Results: Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for the December quarter, reaching Rs 12,380 crore, compared to the previous year's Rs 11,058 crore. The company declared an interim dividend of Rs 10 per share and a special dividend of Rs 66 per share.

India’s largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees.

Tata Consultancy Services (TCS) posted a 12% rise in Q3 net profit to ₹12,380 crore, driven by strong execution, cost efficiency, and strategic risk management, despite revenue missing estimates. It announced robust TCV growth and a ₹76/share dividend.

Lakkad further added that during Q3FY25, TCS promoted over 25,000 associates, bringing the total promotions for the current financial year to more than 110,000. Asked how the company would deal if the new government in the US made changes to H-1B visa regulations, Lakkad said TCS was not dependent on visas.

IT major Tata Consultancy Services (TCS), reported a reduction of 5,370 employees in its workforce during the fiscal third quarter, ending a trend of headcount growth observed in the previous two quarters.

TCS employees have collectively logged 40.1 million learning hours and acquired 3.8 million competencies year-to-date. The attrition rate for IT services over the last twelve months stands at 13%.