TCS Q3 Results: Its revenue during October-December 2023 rises 4 per cent year-on-year to Rs 60,583 crore, TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore
TCS Q3 result: TCS reported 4 per cent YoY revenue growth and 2 per cent YoY profit growth in Q3 of FY24. The company s operating margin improved by 50 bps to 25 per cent.
The third quarter of the current fiscal year is expected to be lean for the IT companies. “We expect that deal booking momentum would show quite a moderation as a result of concerns around economic growth in the US/European markets,” stated YES Securities in a preview report.
Net profit rose to ₹10,846 crore in the quarter ended 31 December from ₹9,769 crore a year earlier, TCS said in a statement. Analysts, on average, expected the company’s quarterly profit to be ₹11,000 crore