TCS Q3 Dividend: IT major announces interim dividend of ₹10; special dividend of ₹66 per share | Stock Market News
Source: Live Mint
TCS Q3 Dividend: India’s largest IT firm, Tata Consultancy Services (TCS), announced its third interim dividend issue along with a special dividend issue on Thursday, Janaury 9.
The company declared an interim dividend issue of ₹10 per equity share held, along with a special dividend of ₹66 per equity share with a face value of ₹1 each, according to the exchange filling.
TCS Q3 results were released on Thursday, Janaury 9, on the Bombay Stock Exchange.
“We would like to inform you that at the board meeting held today, the Directors have declared a third interim dividend of ₹10 and a special dividend of ₹66 per equity share of ₹1 each of the company,” said Tata Consultancy Services in the BSE filing on Thursday.
The company also specified that both dividend issues will be paid on Monday, February 3, 2025.
The dividends will be paid “to the equity shareholders of the company whose names appear on the register of members of the company or in the record of depositories as beneficial owners of the shares as of Friday, January 17,” said TCS, noting the record date for the dividend issue.
TCS Q3 Results
Tata Consultancy Services (TCS) announced a 12 per cent rise in net profit to ₹12,380 crore in the October to December quarter of the financial year 2024-25, compared to ₹11,058 crore in the previous year.
The revenue from operations rose 5 per cent to ₹63,973 crore in the third quarter, compared to ₹60,583 crore in the same quarter of the previous financial year.
Tata Consultancy Services Ltd shares closed 1.72 per cent lower at ₹4,036.65 after Thursday’s stock market session, compared to ₹4,107.50 at the previous market close. The company released the third-quarter results after market operating hours on Thursday.
Segment Revenues
The Communication, Media and Technology segment of TCS witnessed a 20 per cent surge in revenues to ₹11,989 crore, compared to its previous levels of ₹9,932 crore in the same quarter of the previous financial year.
The main business revenue segment from the BFSI sector rose 3.6 per cent to ₹23,481 crore, compared to ₹22,667 crore in the previous quarter.
