TCS Q3 Results: Consolidated PAT Jumps 11.95% YoY To Rs 12,380 Crore, CC Revenue Growth At 4.5% YoY

TCS Q3 Results: India's largest IT company, Tata Consultancy Services (TCS) reported consolidated net profit of Rs 12,380 crore in the third quarter ending period December 31, 2024. The profit was attributable to owners of the company. The PAT was up by 11.95% YoY and 3.95% QoQ.

Meanwhile, consolidated revenue from operations stood at Rs 63,973 crore in Q3FY25, higher from Rs 60,583 crore in Q3FY24, but marginally down from Rs 64,259 crore in Q2FY25.

The company posted 4.5% YoY revenue growth in constant currency.

K Krithivasan, Chief Executive Officer and Managing Director, said: "We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth. BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future. Our continuing investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to capture the promising opportunities ahead."

During the previous quarter, the giant earned a consolidated net profit of Rs 11,909 crore in Q2FY25, registering growth of 5% YoY. On the top-line front, revenue climbed 8% YoY to Rs 64,259 crore. In constant currency, the revenue growth came in at 5.5% YoY. Furthermore, TCS posted an operating margin of 24.1% in the Q2 quarter, down by 0.2% YoY. While net margins came in at 18.5%. Notably, TCS bagged net cash from operations to the tune of Rs 11,932 crore, which is, 100% of net profit in the quarter.

A part of the Tata group, India's largest multinational business group, TCS has over 601,000 of the world's best-trained consultants in 55 countries. Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 56 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.