IT giant TCS reported 5% year-on-year growth in revenue from operations, which rose to Rs 67,087 crore in the third quarter, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.Meanwhile the company giant reported a 14% year-on-year decline in consolidated net profit to Rs 10,657 crore for the December quarter, compared with Rs 12,380 crore in the same period last year, according to an ET report. The profit after tax (PAT) is attributable to the company’s shareholders.The board of directors also announced an interim dividend of Rs 57 per equity share for FY26, which includes a third interim dividend of Rs 11 per share and a special dividend of Rs 46 per share. The record date has been fixed as January 17, 2026, while the payment date is February 3, 2026.TCS reported an operating margin of 25.2%, which remained stable sequentially, while net margin improved to 20.0%, up 40 basis points quarter-on-quarter. Cash flow from operations stood at 130.4% of net income, underscoring strong cash generation during the quarter.On the growth front, the company said its annualised AI services revenue reached $1.8 billion, registering a 17.3% quarter-on-quarter increase in constant currency terms. The company’s total contract value (TCV) for Q3 stood at $9.3 billion.Commenting on the performance, TCS Chief Executive Officer and Managing Director K Krithivasan said the company continued to build on its growth momentum.“The growth momentum we witnessed in Q2FY26 continued in Q3FY26. We remain steadfast in our ambition to become the world’s largest AI-led technology services company, guided by a comprehensive five-pillar strategy. Our AI services now generate USD 1.8 billion in annualised revenue, reflecting the significant value we provide to clients through targeted investments across the entire AI stack, from infrastructure to intelligence,” Krithivasan said, according to ET.(Story will be updated)
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