Tata Consultancy Services (TCS) one of the largest IT companies saw its shares zoom on Friday, January 10. This came to pass after the Mumbai-based IT company exhibited large growth in its quarterly results for the third quarter or Q3 of FY25.
Tata Consultancy Services Results
The company recorded major profits of Rs 12,380 crore in the quarter that ended in December. This marks an 11.95 per cent year-over-year (YoY) uptic. Previously, TCS had profits of Rs 11,058 crore in the same quarter last year.
In addition to the overall profits, the net sales recorded by the company also rose to Rs 63,973 crore, compared to the previous quarter (of the previous fiscal year) of Rs 60,583 crore.
In addition, The TCS board declared a special dividend of Rs 66 and a dividend of Rs 10 per share.
The IT giant has already declared dividends of Rs 10 per share in Q1 and Q2 and Rs 20 per share for FY25.
When we take a closer look at the company shares listed at the National Stock Exchange on Friday, January 10, the value of the company stocks have seen a gradual rise throughout the intraday trade.
Tata Consultancy Services Ltd
The TCS stocks started the day at Rs 4,200.00, marking a major jump from the previous trading day's closing of Rs 4,038.85 per share.
After slowing down at Rs 4,170.00 per share, the TCS shares jumped significantly.
At the time of writing, th spike in the value of the company shares stood at 6.01 per cent or Rs 242.85 per share. This took the overall value of the company shares to Rs 4,281.70 per share.
In addition, one may also note that the company shares have risen in value by 3.71 per cent or Rs 153.10. Contrast that to the gains in the whole month, wherein the overall loss reached 3.44 per cent or Rs 152.55 per share.
