TCS Q3 net profit up 14.2 per cent at Rs 6,083 crore

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Updated: January 12, 2016 6:59:14 PM

Tata Consultancy Services' revenue was up 11.7 per cent at Rs 27,364 crore for the third quarter ended December 31.

TCS-reuters-L660TCS Q3 results announced: The company’s revenue was up up 11.7 per cent at Rs 27,364 crore for the third quarter ended December 31, 2015-16. (Photo: Reuters)

IT major Tata Consultancy Services (TCS) announced its Q3 results on Tuesday post market hours. For the quarter ended December 2015, TCS posted a consolidated net profit of Rs 6,083.39 crore, up 14.18 per cent against Rs 5,327.55 crore in the corresponding quarter a year ago.

Bottomline of TCS fell marginally 0.02 per cent on quarter-on-quarter basis. The company earned Rs 6,084.66 crore during July-September 2015.

Income from operations of TCS jumped 11.7 per cent year-on-year to Rs 27,364.01 crore against Rs 24,501.14 crore in the same quarter last year.

The company also declared an interim dividend of Rs 5.50 per equity share. The dividend will be paid to the equity shareholders of the company on January 29, 2016.

The Mumbai-based firm had earlier said that floods in Chennai are expected to have a “material impact” on its December quarter revenues.

Shares of TCS closed 1.65 per cent down at Rs 2,324.05 on the BSE on Tuesday. The scrip hit its new 52-week low of Rs 2,301.10 on January 12.

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