TCS Q3 results: Profit rises 12% YoY; firm declares Rs 7/share interim dividend

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The Economic Times


Tata Consultancy Services (TCS), the largest IT company in India, on Wednesday said its consolidated net profit for the quarter ended December climbed 12.3 per cent to Rs 9,769 crore from Rs 8,701 crore in the corresponding quarter last year. TCS announced a third interim dividend of Rs 7 per share. The record date for the dividend is January 10 and dividend will be credited by February 7. It also announced share buyback at Rs 4500 per share, at a premium of 16.67 per cent over the last traded price of the stock. The company will buy back shares worth Rs 18,000 crore.



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