New Delhi: The largest software service company in India Tata Consultation Services (TCS) on Wednesday reported 12.27 percent rose in consolidated net profit for the third quarter (Q3) which ended on December 31, 2021.
The company has posted a net income of Rs 8.701 Crore in the same period last year.
In terms of quarter growth in the quarter, TCS’s net profit jumped 1.5 percent of RS 9,624 Crore posted in the previous quarter ended September 30, 2021.
The Council of the Company also approved the plan to repurchase RS 18,000 crore for its shareholders at Rs 4,500 per year.
Scrip.
The previous TCS repurchase offer around RS 16,000 Crore was opened on December 18, 2020, and closed on January 1, 2021.
More than 5.33 shares of Equity Crore were purchased again under the offer for RS 3,000 respectively.
In 2018, TCS had conducted a shares repurchase program that was valued at rs 16,000 crore.
Repurchase, at RS 2,100 per equity share, has required up to 7.61 crore shares.
In 2017, TCS has taken a similar stock purchase program.
The company’s shares closed 1.5 percent lower at Rs 3,857 in BSE and NSE.
TCS Q3 profitable 12.27%; RS 18,000CR Planned Purchases Approved
