The overall expenses grew 6.33% to ₹48,550 crore from the ₹45,658 crore in the year-ago period. File
| Photo Credit: Reuters

The country’s largest IT services exporter TCS on Thursday (January 9, 2025) reported an 11.95% jump in net profit to ₹12,380 crore in the December quarter.

The Tata Group company had posted a net profit of ₹11,058 crore in the year-ago period and ₹11,909 crore a quarter earlier.

Its total income increased 6.13% to ₹65,216 crore during the quarter under review from ₹61,445 crore in the year-ago period and was higher than the preceding September quarter’s ₹64,988 crore.

The overall expenses grew 6.33% to ₹48,550 crore from the ₹45,658 crore in the year-ago period.

The TCS scrip closed 1.72% down at ₹4,036.65 apiece on the BSE on Thursday (January 9, 2025), as against a 0.68% correction on the benchmark.

Meanwhile, the company in a statement said its employee base decreased over 5,000 to 6,07,354 at the end of the quarter.