Tata Consultancy Services (TCS) recorded a net profit of Rs 11,058 crore for the October-December quarter of the current fiscal year, up 2% from Rs 10,846 crore in the same quarter last year. Its consolidated sales increased 4% to Rs 60,583 crore from Rs 58,229 crore in the previous quarter.
The company's EBIT margin, or operating profit, increased to 25% from 24.3 percent the prior quarter. It had a net margin of 19.4 percent.
"We expect to be back in business as usual by the end of the current fiscal year." At the same time, attrition is decreasing and, at 13.3 percent, is currently within our comfort zone. TCS's chief human resource officer, Milind Lakkad, stated, "We are committed to hiring from college campuses and growing talent organically."
In addition, the business declared an interim dividend of Rs 9 per share and a special dividend of Rs 18 per share, for a total of Rs 27 per equity share.
"We're seeing strong deal momentum across markets, which has resulted in a solid order book that gives us visibility into our long-term growth." TCS's chief executive officer and managing director, K Krithivasan, stated, "We are seeing tremendous interest in Generative AI and are leading the innovation and exploratory efforts for our customers in this area."
