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  5. TCS dividend: Tata Group firm declares second interim dividend of ₹10; check record, payment date 

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TCS dividend: Tata Group firm declares second interim dividend of ₹10; check record, payment date 

Upstox
By Upstox News Desk

2 min read | Updated on October 10, 2024, 17:19 IST

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SUMMARY

TCS reported a consolidated net profit of ₹11,909 crore for the quarter ended September 30, 2024 (Q2 FY25). The figure slipped 1% on a sequential basis and rose 5% on a year-on-year (YoY) basis. The company's revenue came in at ₹64,259 crore, up 2.62% QoQ and 7.65% on a YoY basis. 

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TCS
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The profit missed Street estimates.

The profit missed Street estimates.

TCS Q2 results, TCS dividend: Tata Consultancy Services (TCS), along with the earnings announcement on Thursday, October 10, said that the board of directors has declared a second interim dividend of ₹10 per equity share of ₹1 each of the company. 

The second interim dividend shall be paid on Tuesday, November 5, 2024, to the eligible shareholders. The record date for the same will be Friday, October 18, 2024. 

TCS reported a consolidated net profit of ₹11,909 crore for the quarter ended September 30, 2024 (Q2 FY25). The figure slipped 1% on a sequential basis and rose 5% on a year-on-year (YoY) basis. The company's revenue came in at ₹64,259 crore, up 2.62% QoQ and 7.65% on a YoY basis. 
The profit missed Street estimates. For instance, Bloomberg, as per reports, projected TCS' net profit to come in at ₹12,543 crore. Revenue was pegged at ₹64,186 crore. READ MORE

The results were announced amid the sombre news that the former chairman of Tata Group and renowned industrialist and philanthropist Ratan Tata died on Wednesday night. 

Due to the sad demise of Mr Tata, TCS cancelled the Q2 earnings press conference. 

TCS Q1 FY25 Results

TCS reported an 8.7% growth in the June quarter net profit at ₹12,040 crore, but sounded unsure about sustaining growth momentum in the remainder of the fiscal.

The Tata Group company, however, reiterated that it feels FY25 will be better than the previous fiscal year for the business.

TCS, the first among the IT majors to report its earnings for the April-June period, posted revenue growth of 5.4% to ₹62,613 crore for the quarter, and chief executive and managing director K Krithivasan said that the company is happy with the all-round growth.

TCS reported new deal wins of $8.3 billion in the June quarter, of which $4.6 billion were from North America and $2.7 billion came from the BFSI vertical, Krithivasan said. The new wins or total contract value was much lower when compared to both the quarter-ago period and the year-ago period, but the CEO said the company is comfortable till the quarterly figure is between $7-9 billion.

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