TCS Q3FY24 results: Net profit up 2% to Rs 11,058 cr, revenue up 4%

IT major Tata Consultancy Services (TCS) on Thursday reported a net profit of Rs 11,058 crore the October-December quarter of the current financial year, 2 per cent higher than Rs 10,846 crore in the same quarter in the previous year. Its consolidated revenue rose 4 per cent to Rs 60,583 crore from Rs 58,229 crore in the same quarter last year.

The company’s EBIT margin, or the operating margin, was up to 25 per cent from 24.3 per cent in the previous quarter. Its net margin was 19.4 per cent.

The company’s net income grew 8.2 per cent to Rs 11,735 crore. The IT major also reported a net attrition of 13.3 per cent.