Tata Consultancy Services (TCS), India’s largest IT services company, has announced its financial results for the third quarter of FY25, along with a special dividend for its shareholders.
The company released the results following a board meeting held on Thursday, January 9, 2025.
The TCS Board of Directors declared a third interim dividend of Rs 10 per equity share and a special dividend of Rs 66 per equity share. This special dividend comes as a reward to shareholders, reflecting the company’s strong financial performance and healthy cash reserves.
“We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of INR 10 and a special dividend of INR 66 per Equity Share of INR 1 each of the Company,” said TCS in an exchange filing.
According to the official filing, the dividends will be paid on Monday, February 3, 2025, to shareholders whose names appear on the company’s register or in the records of the depositories as beneficial owners as of the record date, January 17, 2025.
FINANCIAL RESULTS
TCS reported a 12% year-on-year rise in consolidated net profit for the December quarter, reaching Rs 12,380 crore, in line with market expectations. The company had posted a net profit of Rs 11,058 crore during the same period last year.
TCS’s revenue for the quarter stood at Rs 63,973 crore, marking a 5.6% YoY increase (4.5% in constant currency). The operating margin was 24.5%, reflecting a YoY decline of 50 basis points but a sequential improvement of 40 basis points. The net margin for the quarter was 19.4%.
K Krithivasan, CEO and MD, highlighted robust deal wins and growth across industries, adding that signs of revival in discretionary spending boost long-term confidence. CFO Samir Seksaria noted improved margins and strong cash flows, with net cash from operations at Rs 13,032 crore, amounting to 105.3% of net income.
The company’s workforce strength stood at 607,354, with an IT services attrition rate of 13% on a last-twelve-month basis. Women accounted for 35.3% of the workforce, representing 152 nationalities.
