IT major Tata Consultancy Services today reported a 1.1% increase in consolidated net profit at Rs 3,550 crore for the third quarter ended December 2012. It was Rs 3,470 crore in the previous quarter.
On yearly basis, the company posted a 23% surge in net profit since it was Rs 2,887 crore in December 2011.
However, the revenues increased 3% to Rs 16,070 crore from Rs 15,620 crore in September 2012.
The operating margin dipped to 27.3% as compared to 39.6% in the previous quarter. Net margin too fell to 22.1% from 31.2% in the previous quarter
The company's stocks today closed 2.1% higher at Rs 1,334 on BSE at the time of closing
