TCS Q3 net up 3% at Rs 1,362 cr

The country's largest software exporter, Tata Consultancy Services, on Thursday reported a 2.67 per cent growth in its net profit at Rs 1,362.06 crore (Rs 13.62 billion) for the third quarter ended December 31, 2008.

The Tata Group company had a net profit of Rs 1,326.67 crore (Rs 13.26 billion) in the third quarter of FY'08, TCS said in a filing to the Bombay Stock Exchange.

The total income from operations rose 24.13 per cent to Rs 7,277.04 crore (Rs 72.77 billion) during the quarter under review from Rs 5,862.65 crore (Rs 58.62 billion) in the corresponding period a year-ago.

The board also declared an interim dividend of Rs 3, at the rate of 300 per cent, on shares of face value of Rs 1 each.

Shares of TCS closed at Rs 510, down 5.28 per cent on the Bombay Stock Exchange