TCS Announces Interim Dividend Of Rs 10: Check Record Date And Other Details

New Delhi: Indian IT firm Tata Consultancy Services Ltd (TCS), announced an interim dividend of Rs 10 per share for the financial year 2024-25.

"We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of Rs 10 per Equity Share of Rs 1 each of the Company," TCS said in a regulatory filing.

TCS Interim Dividend Record Date 

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.

TCS Q1 2024 Income

TCS posted an 8.7 percent year-on-year rise in its consolidated net profit at Rs 12,040 crore in the first quarter ended June 2024 as compared to Rs 11,074 crore in the same period last year. It reported a 5.4 percent increase in its revenue at Rs 62,613 crore for the quarter just ended as compared to Rs 61,237 crore in the corresponding period.

Highlights TCS Earning For Quarter Ended June 30, 2024

Revenue at Rs 62,613 crore, +5.4% YoY, +4.4% YoY in Constant Currency

Operating Margin at 24.7%; an expansion of 1.5% YoY

Net Income at Rs 12,040 crore, +8.7% YoY

Net Margin at 19.2%

Net Cash from Operations at Rs 11,168 crore i.e. 92.8% of Net Income

"We are continuing to expand our client relationships, create new capabilities in emerging technologies and invest in innovation, including a new AI-focused TCS PacePort™ in France, IoT lab in the US and expanding our delivery centers in Latin America, Canada and Europe,” K Krithivasan, Chief Executive Officer and Managing Director, said.