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Tata Consultancy Services (TCS), the IT big, is about to announce a dividend for its shareholders on January 9, 2025; Key factors to know
TCS Q3 Results
Tata Consultancy Services (TCS), the IT big, is about to announce a dividend for its shareholders on January 9, 2025 (Thursday), coinciding with the discharge of its fiscal third-quarter earnings report. In a regulatory submitting dated December 31, TCS acknowledged, “In accordance with Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Tata Consultancy Services Limited will meet on Thursday, January 9, 2025, to think about, amongst different issues, the declaration of a 3rd interim dividend for fairness shareholders.”
If declared, this is able to mark the third interim dividend of the monetary yr (FY2024-25) for the corporate.
TCS Interim Dividend Record Date
TCS has already introduced the file date for the dividend cost. The firm specified, “If the third interim dividend is asserted, it is going to be paid to the fairness shareholders whose names seem on the Register of Members or within the data of the Depositories as helpful house owners as of Friday, January 17, 2025, which has been mounted because the Record Date.”
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 buyers 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 remaining dividend of Rs 28, and a particular dividend of Rs 18 to its shareholders.
Earlier in October, TCS reported a revenue of Rs 11,909 crore for the fiscal second quarter, marking a 5% enhance from Rs 11,342 crore in the identical quarter of the earlier monetary yr. The firm additionally posted a income of Rs 64,259 crore, up 7.7% from Rs 59,692 crore in Q2 FY24.
TCS Q3 Results 2025 Date
In an trade submitting, Tata Consultancy Services (TCS) introduced that its board of administrators will convene on January 9 (Thursday) to approve the monetary outcomes for the third quarter ending December 31, 2024 (Q3 FY2025). The board will even contemplate a proposal to declare an interim dividend for shareholders.
TCS Share Target Price
Elara Securities expects greenback income for TCS to say no 0.8 per cent QoQ, hit by furloughs and ebbing income from the BSNL deal. TCS, with wage hike already given in Q1FY25, might even see a margin enlargement of 40bps QoQ as a consequence of deceleration in BSNL deal-related prices, which hit Q2 margins, it stated.
“We want TCS inside large-caps as valuations are comforting,” it stated whereas suggesting a goal of Rs 4,680 on the inventory. This brokerage sees adjusted web revenue at Rs 12,180 crore and gross sales at Rs 60,583 crore.
Bernstein has outperform ranking on TCS and a goal value of Rs 4,820 on the inventory. Calling TCS a margin champion, Bernstein stated the IT main’s deal wins are wholesome and that it has best-in-class execution capabilities and trade area information. HDFC Securities has ‘Add’ ranking on TCS with a goal value of Rs 4,545.
Nuvama sees TCS PAT at Rs 12,390 crore and gross sales at Rs 64,129 crore. “We anticipate TCS to ship 0.1 per cent QoQ CC income development and 0.8 per cent QoQ greenback income degrowth as a consequence of decrease BSNL income and furloughs, more likely to be partially offset by a reversal of remarkable objects of final quarters. Margin would increase 20 bps QoQ pushed by working efficiencies. We anticipate deal-wins to be secure. Watch out for the outlook on the BSNL deal and margin ranges thereof,” it stated.
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