TCS posts stellar numbers in Q3, net profit up 3.2% quarter-on-quarter

TCS on Friday reported a spectacular set of numbers for Q3FY21, posting a net profit of Rs 8,701 crore, up 3.2% quarter-on-quarter and strong Ebit margins of 26.6%. In a seasonally weak quarter, the revenue of Rs 42,015 crore marked an increase of 4.1% sequentially in constant currency terms and 5.1% in dollar terms, the best Q3 growth in nine years. TCS won deals worth $6.8 billion during the quarter.

In a quarter in which the software services major rolled out salary hikes, the operating profit margin expanded 0.4% q-o-q and 1.6% y-o-y. The company ends the quarter with cash balances of Rs 65,000 crore.