TCS Declares ₹10 Dividend for FY25 Amid Lower Q2 Profit

10 Oct 2024 , 05:27 PM

Tata Consultancy Services (TCS) announced a second interim dividend of ₹10 per share for FY 2024-25 on October 10, 2024. The record date for determining eligible shareholders is set for October 18, 2024, and the dividend will be paid on November 5, 2024.

TCS shares will trade ex-dividend on or before the record date, meaning shareholders who buy the stock after this date won’t receive the upcoming dividend.

The dividend declaration coincided with TCS’s Q2 results, where the company reported a net profit of ₹11,909 Crore. TCS’s revenue for the July-September quarter stood at ₹64,259 Crore.

Earnings Before Interest and Tax (EBIT) for Q2 was ₹15,465 Crore, a marginal growth of 0.1% from the previous quarter. EBIT margin narrowed to 24.1%, lower than the expected 24.85%, reflecting a decline of 55 basis points compared to the previous quarter.