TCS reports 11% net profit jump in Q3, announces dividend of Rs 75 a share

It will have an interim dividend of Rs 8 per share and a special dividend of Rs 67 per equity share

IT major Tata Consultancy Services (TCS) declared its earnings for December quarter on Monday. TCS posted profit of Rs 10,883 crore in Q3FY23 as against Rs 9,806 crore year-on-year (YoY). This is a 10.98 per cent jump YoY. The company also recorded a 19 per cent jump in its revenue in Q3FY23 at Rs 58,229 crore. On sequential basis, the revenue was up 5.2 per cent. 

On a sequential basis, the company's profit jumped by 3.99 per cent, from Rs 10,465 crore in quarter-ended September. 

The total income of the company stood at Rs 50,833 crore in this quarter, compared to