TCS share price soars over 6% on robust Q3 results, $10.2 billion order book and dividend announcement

The stock jumped as much as 6.28% to ₹4,292.65 apiece on the National Stock Exchange (NSE). At 12:22 pm, it was up 6% to ₹4,281.2 per share.

The company's market capitalisation stands at ₹15,48,830.90 crore.

TCS Q3 net profit jumps 11.95% to ₹12,380 crore, dividend announced

India's largest IT services company reported a consolidated post-tax profit of ₹12,380 crore in the latest December quarter, reflecting a growth of 11.95% year-on-year (YoY) and 3.95% quarter-on-quarter (QoQ).

The revenue from operations stood at ₹63,973 crore in the reporting quarter, up 5.59% from ₹60,583 in Q3 FY24. However, sequentially, revenue declined 0.4%.

New order bookings stood at USD 10.2 billion, up from USD 7.9 billion a year back.

The company's Board of Directors announced a dividend of ₹76 per equity share, which includes a special dividend of ₹66 per share.

"We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth," K Krithivasan, Chief Executive Officer and Managing Director of TCS said, adding, "BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future."

He told reporters that the company does not expect any major disturbance once Donald Trump takes oath as the US President on January 20.

The overall workforce declined by over 5,000 employees in the October-December period, and the overall base stood at 6.07 lakh. The IT services attrition stood at 13%.

The firm also announced the acquisition of a land bank in Karnataka's Bengaluru from a Tata group firm for ₹1,625 crore.