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TCS Q3 net profit up over 7% YoY at Rs 8,701 crore; co declares Rs 6/share dividend


Updated Jan 08, 2021 | 19:21 IST
TCS Q3 FY21 net rose to Rs 8,701 crore or 7.18% higher as compared to Rs 8,118 crore in the year-ago period
TCS CEO Rajesh Gopinathan I File photo  |  Photo Credit: AFP
Mumbai: India’s largest IT services exporter Tata Consultancy Services (TCS) reported a 7.18% year-on-year (YoY) jump in net profits during the third quarter (Q3) for the financial year 2020-21 (FY21).
TCS Q3 FY21 net rose to Rs 8,701 crore as compared to Rs 8,118 crore in the year-ago period. This is more than ET Now poll of analysts which pegged the same at Rs 8,600 crore.   
The company s revenue during the quarter ended December 31, 2020, rose by 5.42% YoY to Rs 42,015 crore against Rs 39,854 crore in the corresponding period in FY20. The company s revenue growth in Q3 FY21was strongest in the last 9 years. ....

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TCS Q3 profit jumps 7% YoY to Rs 8,701 cr, announces dividend at Rs 6/share


IT major Tata Consultancy Services on Friday posted a 7.18 per cent year-on-year (YoY) rise in its December quarter (Q3FY21) profit at Rs 8,701 crore. The firm had posted a profit of Rs 8,118 crore in the same quarter last year (Q3FY20).
On quarter-on-quarter (QoQ) basis, the profit grew 16.4 per cent from Rs 7,475 crore posted for the quarter ended September 2020 (Q2FY21). The number beat Street estimate which was factoring-in a 3-8 per cent year-on-year (YoY) growth in Q3 net profit. ICICI Direct, for instance, had projected a 5.7 per cent YoY jump in PAT. The September quarter net profit had a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC, the company said in a press release. ....

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