Tata Consultancy Services (TCS) on Thursday, July 11, announced an interim dividend of ₹10 per equity share for the financial year 2024-2025 while releasing the company's June quarter results. The interim dividend will be paid on August 5 to eligible shareholders. The company has fixed July 20 as the record date to check the eligibility of shareholders for the purpose.
“We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of ₹10 per Equity Share of ₹1 each of the company,” TCS said in an exchange filing.
The biggest IT services company in India announced their first-quarter results on Thursday, July 11.
“The interim dividend shall be paid on Monday, August 5, 2024, to the equity shareholders of the company, whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on Saturday, July 20, 2024, which is the record date, fixed for the purpose,” said TCS in its exchange filing.
The IT services major reported a 9 per cent rise in net profit at ₹12,040 crore for the first quarter of 2024-25, as compared to the same quarter the previous year. The revenue from the core business rose 5.4 per cent at ₹62,613 crore for the April to June quarter of 2024-25, when compared to the same quarter the previous year.
“I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets. We are continuing to expand our client relationships, create new capabilities in emerging technologies and invest in innovation, including a new AI-focused TCS PacePor in France, IoT lab in the US and expanding our delivery centres in Latin America, Canada and Europe," said K Krithivasan, managing director and chief executive officer of TCS.
The shares of TCS closed 0.33 per cent higher at ₹3,922.70, on Thursday, July 11, as compared to its previous close at ₹3,909.90. The first quarter results were declared after market hours.
TCS had reported a final dividend of ₹28 per equity share for the fourth quarter of the financial year ending 2023-24.
