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of <h1>India's Top IT Firm Sees 11.95% Profit Rise Amid Employee Cuts; Announces Rs 76 Dividend, New Land Purchase.</h1> India's largest IT services company reported an 11.95% increase in net profit, reaching Rs 12,380 crore for the December quarter, despite a reduction of over 5,000 employees. Revenue grew by 5.6% to Rs 63,973 crore compared to the previous year, although it decreased from the preceding quarter. New order bookings totaled USD 10.2 billion. The operating profit margin rose slightly to 24.5%. The company plans to increase campus hiring next year. A dividend of Rs 76 per share was announced. Additionally, the acquisition of land in Bengaluru for Rs 1,625 crore was disclosed. The company's stock closed 1.72% lower.
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