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Revenue of Tata Consultancy Services Ltd. rose in a seasonally weak quarter as margin witnessed an uptick.
Revenue of India’s largest software services firm increased 5.2% over the previous quarter to Rs 58,230 crore in the three months ended Dec. 31, according to an exchange filing on Monday. That compares with the Rs 57,205-crore consensus estimate of analysts tracked by Bloomberg.
TCS Q3 Results: Key Highlights (QoQ)
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Revenue up 5.2% at Rs 58,230 crore against the estimate of Rs 57,205 crore.
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EBIT up 7.56% at Rs 14,284 crore compared with the estimate of Rs 14,075 crore.
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EBIT margin at 24.53 vs 24%–analysts had estimated 24.6%.
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Net profit up 4% at Rs 10,883 crore against the estimated Rs 11,083 crore.
The company has announced an interim dividend of Rs 8 per share and a special dividend of Rs 67 per share.
TCS won new deals worth $7.8 billion in Q3 compared with $8.1 billion in Q2. The attrition rate for the quarter stood at 21.3% on a trailing 12-month basis, as against 21.5% in the quarter ended September 2022.
On Monday, TCS shares rose 3.35% on the BSE, while the benchmark Sensex ended the day 1.41% higher.
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