TCS Q3 FY24 Results Today: Revenue projected at Rs 63,929-Rs 64,564 crore; profit at Rs 12,029-Rs 12,653 crore. Watch for management commentary on IT trends and the declaration of the third interim dividend.
Tata Consultancy Services (TCS), India’s largest IT services company, is set to announce its Q3 FY24 financial results on Thursday. The earnings will be declared during the post-market hours. The TCS management will address the media at 5:30 pm, which will also be broadcast on the company’s YouTube channel, while the analysts’ call will take place at 7:30 pm. According to brokerage estimates, TCS is expected to report a YoY revenue growth of 6.32-6.57 per cent and a QoQ growth of -0.51 per cent to + 0.47 per cent. The profit is likely to grow 8.78-14.42 per cent YoY and a 1.01-6.25 per cent QoQ.
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Key Things To Watch Out For
Management Commentary: The management commentary on deal wins, IT spending trends, and macroeconomic conditions will be pivotal in shaping expectations for the rest of FY25.
TCS Q3 Revenue: According to various brokerage estimates, TCS is expected to report revenues in the range of Rs 63,929 crore to Rs 64,564 crore, with an average expectation of Rs 64,218 crore. This represents a YoY growth of 6.57-6.32 per cent and a QoQ growth of -0.51 per cent to 0.47 per cent.
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TCS Q3 Profit: On the profitability front, net profit is projected to range between Rs 12,029 crore and Rs 12,653 crore, averaging at Rs 12,308 crore. This reflects YoY growth of 8.78-14.42 per cent and a QoQ improvement of 1.01-6.25 per cent.
TCS Dividend 2024 Tata Consultancy Services (TCS), the IT giant, is set to announce a dividend for its shareholders on Thursday, coinciding with the release of its fiscal third-quarter earnings report. In a regulatory filing dated December 31, TCS stated, “In accordance with Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Tata Consultancy Services Limited will meet on Thursday, January 9, 2025, to consider, among other matters, the declaration of a third interim dividend for equity shareholders.”
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If declared, this would mark the third interim dividend of the financial year (FY2024-25) for the company.
In the previous quarter of Q2 FY25, TCS’ revenue had stood at Rs 64,259 crore, while net profit was at Rs 11,909 crore. In the year-ago Q3 FY24, its revenue was at Rs 60,583 crore a year ago and net profit at Rs 11,058 crore a year ago.
