TCS records modest 0.2 per cent profit growth at Rs 8,143 crore for third quarter this fiscal

BENGALURU : India’s largest IT services company, Tata Consultancy Services (TCS), on Friday reported a modest 0.2 per cent growth in net profit during the third quarter of the current financial year. The company’s net profit for Q3FY20 stood at Rs 8,143 crore, against Rs 8,121 crore it reported for the same quarter a year ago.

TCS said that its revenue grew by 6.7 per cent to Rs 39,854 crore in Q3FY20. The company also announced an interim dividend of Rs 5 per share. The operating margin for the quarter was at 25 per cent, whereas the net margin stood at 20.4 per cent.