On Thursday, Tata Group’s IT company TCS announced its quarterly results after the market closed.
The company’s net profit has grown more than 12 percent annually. The company also pays a dividend of Rs 76 for each share.
The effect of these two big announcements has been seen on TCS share. This morning, TCS shares opened at Rs 4200.
The company’s share had an intra-day high of 4227.70 percent at 9.32 a.m. Let us tell you, that TCS share has gained more than 4 percent compared to Thursday’s closing.
The Company Is Giving A Dividend Of Rs 76 Per Share (TCS Dividend Record Date)
The Tata Group company has also announced a dividend of Rs 76 per share, including a special dividend of Rs 66.
The company will trade as an ex-dividend stock in the stock market on January 17.
Q3 Results Were Excellent For The Company
The net profit of Tata Consultancy Services (TCS) for the third quarter of the current financial year 2024-25 has increased by 11.95 percent year-on-year to Rs 12,380 crore.
However, during this period the number of employees of the company has decreased by more than five thousand.
In the third quarter of the previous financial year (2023-24), the company earned a net profit of Rs 11,058 crore.
At the same time, in July-September, 2024, the net profit of the company was Rs 11,909 crore.
During the quarter, the revenue of the Tata Group company grew by 5.6 percent to Rs 63,973 crore, as against Rs 60,583 crore in the same quarter of 2023-24.
At the same time, it was Rs 64,259 crore in the July-September quarter.
The company’s new order bookings stood at US$ 10.2 billion in the quarter, which was said to be challenging due to the holiday season.
Quick Fact
Company name: TCS
| Company name | TCS |
|---|---|
| Net profit growth | 12% |
| Dividend per share | ₹76 |
| Special dividend | ₹66 |
| Ex-dividend date | January 17 |
| Net profit Q3 FY25 | ₹12,380 crore |
| Net profit Q3 FY24 | ₹11,058 crore |
| Revenue growth | 5.6% |
| Revenue Q3 FY25 | ₹63,973 crore |
| Revenue Q3 FY24 | ₹60,583 crore |
| Employee reduction | 5,000+ |
| New order bookings | US$ 10.2 billion |
| Challenging factor | Holiday season |
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