TCS posts stellar Q3 results; Tepid effects on Stocks

TCS results: Technology bellwether Tata Consultancy Services (TCS) yesterday posted a strong third quarter Dec 2018 result in line with analysts’ estimates. The company recorded a whooping net profit of Rs 8,105 crore the quarter ended December compared to the profit of Rs 6,531 crore witnessed in the corresponding period a year ago.

Revenue from operations surged 20.8 percent, and the income from the BFSI segment also rose 23 percent.  TCS said in a statement.

While presenting the result, TCS has also announced its 3rd interim dividend of Rs 4/equity shares which shall be paid on January 24, 2019 to the equity shareholders of the Company.

TCS share price demonstrated mixed effects on bourses today even after company posted stellar results. On Friday, during late morning hours of trade, TCS share price trade at Rs 1852.35 down by 1.90% percent on the BSE, while on the NSE, it quotes at Rs. 1851 down by 2% from its previous close of Rs. 1888.50.