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Tata Consultancy Services Ltd. (TCS), the biggest home software program exporter, on Thursday introduced an interim dividend.
TCS proclaims has declared its Q3 outcomes.
TCS Q3 Dividend Announced: Tata Consultancy Services Ltd. (TCS), the biggest home software program exporter, on Thursday (January 9) introduced an interim dividend of Rs 10 per share for the monetary 12 months 2024-25 (FY25) and a particular dividend of Rs 66 for the monetary 12 months 2024-25.
TCS Interim Dividend Record Date & Payment
The firm has set January 17 because the file date to find out shareholder eligibility, and the dividend might be distributed on February 3, 2025.
TCS shares will start buying and selling ex-dividend on the file date or the day prior.
When an organization goes ex-dividend, its inventory not contains the worth of the upcoming dividend fee. The ex-dividend date additionally determines which shareholders are entitled to obtain the dividend.
The dividend declaration was made alongside the corporate’s third-quarter outcomes.
TCS Dividend History
According to the Bombay Stock Exchange (BSE), TCS paid a complete dividend of Rs 75 throughout 5 events in 2024. In the earlier years, TCS rewarded its traders with dividends of Rs 117 in 2023 and Rs 45 in 2022.
In FY23, TCS distributed interim dividends of Rs 27 on three separate events, a ultimate dividend of Rs 28, and a particular dividend of Rs 18 to its shareholders.
TCS shares closed 1.57% decrease on Thursday at Rs 4,044. Over the previous 12 months, the inventory has appreciated by 9%.
Results Overview
TCS introduced its December quarter outcomes, which have been largely consistent with market expectations.
The firm reported a income of Rs 63,973 crore, marking a slight decline of 0.4% in comparison with the June quarter.
Net revenue for the quarter grew by 4% from the June quarter, reaching Rs 12,380 crore.
The BSNL deal is about to scale down beginning March 2025, with a big income discount anticipated from the June 2025 quarter onward.
For the December quarter, TCS posted an EBIT of Rs 15,477 crore, barely beneath the anticipated Rs 15,759 crore.
The EBIT margin for the quarter was 24.5%, displaying a small enchancment from the 24.1% within the earlier quarter.
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