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The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter.
TCS has declared a dividend of Rs 76 per share, including a special dividend of Rs 66 per share.
TCS Q3 Results: TCS CHRO Milind Lakkad, on Thursday, said that there isn’t a direct linear correlation between headcount and growth. However, the company is on track to hire 40,000 candidates through campus recruitment in FY25.
Lakkad said campus hiring is going according to plan. He added that the attrition is expected to reduce in the coming quarters.
The attrition rate rose to 13% in Q3, up from 12.3% in the previous quarter.
As of December 31, TCS’ workforce stood at 607,354, reflecting a sequential decline from 612,724 in Q2 of the 2024-25 financial year. This marks a net reduction in employee count after two consecutive quarters of additions.
TCS reported an 11.95% jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees.
The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter.
The company’s revenue grew 5.6% to Rs 63,973 crore as against Rs 60,583 crore a year earlier. However, it was down from Rs 64,259 crore in the September quarter.
New order bookings came at USD 10.2 billion in what is termed as a seasonally challenging quarter due to the holiday season.
Chief Executive K Krithivasan said the new orders were across industries, geographies and service lines, which lends a “good visibility to long-term growth”.
He said the banking, financial services and insurance, along with consumer businesses are returning to growth and there are early signs of a revival in discretionary spend in some verticals.
These two trends, along with continuing strong growth in regional markets makes the company confident for the future, he added.
The operating profit margin came at 24.5% as against 24.1% in the quarter-ago period, but still lower than the aspirational bracket.
The company board announced a dividend of Rs 76 per share, including a special dividend of Rs 66 per share.
TCS also announced the acquisition of land bank in Bengaluru from a Tata Group company for Rs 1,625 crore.
The TCS scrip closed 1.72% down at Rs 4,036.65 apiece on the BSE on Thursday, as against a 0.68% correction on the benchmark.
