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

On quarter-on-quarter (QoQ) basis, the profit grew 16.4 er cent from Rs 7,475 crore posted for the quarter ended September 2020.

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TCS

SI Reporter New Delhi
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

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