TCS Q3 result: Tepid growth in revenue, profit to dividend announcement - here are 5 key highlights

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TCS Q3 revenue grows 4% YoY, Income rises 8%, dividend at ₹27 per share “The quarter saw us make significant progress in many projects of national importance, demonstrating our execution strength. Our products and platforms had a strong quarter with new wins and go-lives. The MCX platform is scaling well and processing record transaction volumes.

We are on course with the BSNL 4G/5G network rollout. We are making good progress in upskilling our employees in Generative AI through our AI playground platform," said N Ganapathy Subramaniam, Chief Operating Officer and Executive Director of the company. Also Read: TCS Q3 Results: IT attrition rate drops further to 13.3% in third quarter; commences campus hiring Let's take a look at 5 key highlights of TCS' Q3FY24 scorecard: TCS reported a 4 per cent YoY rise in its Q3 consolidated revenue from operations at ₹60,583 crore against ₹58,229 crore in the same quarter last year.

Sequentially (quarter-on-quarter), the company's revenue inched up by 1.5 per cent against ₹59,692 crore in Q2FY24. In constant currency (CC) terms, the company's revenue rose 1.7 per cent YoY. The company's consolidated profit in Q3 stood at ₹11,097 crore, up 2 per cent YoY against ₹10,883 crore in the same quarter last year.

On a quarter-on-quarter (QoQ) basis, profit figures declined 2.5 per cent as the company's profit in Q2FY24 was ₹11,380 crore. The company announced a dividend of ₹27 per share, including a special dividend of ₹18. The record date for the purpose is January 19, 2024, and the payment date is February 5, 2024.