TCS Declares Interim and Special Dividend for Q3 FY2024-25
TCS Share: Tata Consultancy Services (TCS), a leading Indian IT company, announced good news for its shareholders with the Q3 FY2024-25 results. The company has declared an interim dividend of ₹10 and a special dividend of ₹66 per share, a significant bonus for investors.
Record Date and Payment Details
TCS has set the record date for dividend payment as January 17, 2025. This means investors holding TCS shares as of January 17 will be eligible for the dividend. The dividend payment is scheduled for February 3, 2025.
Company's Q3 Results: Growth Expected
TCS' Q3 (Q3FY25) revenue stood at ₹63,973 crore, a 5.6% increase compared to the same quarter last year, when revenue was ₹60,583 crore. However, the revenue fell slightly short of analysts' expectations, who had predicted ₹64,750 crore. Similarly, the company's profit after tax (PAT) reached ₹12,380 crore, slightly below analyst estimates of ₹12,490 crore.
CEO's Confidence and Long-Term Growth Prospects
TCS' CEO and MD, N. Chandrasekaran, expressed satisfaction with the company's Q3 results. He highlighted a robust growth in total contract value (TCV) during the quarter ending December 31, 2024, which promises significant benefits for the company in the long term. He further noted a return to growth in the BFSI (Banking, Finance and Insurance) and CBG (Commercial Banking Group) segments, positive performance in regional markets, and early signs of improvement in discretionary spending in certain sectors. These factors, together with TCS's continued investments in upskilling, AI, and general AI innovation, position the company well to capitalize on future opportunities, leading to promising long-term growth.
