Tata Consultancy Services on Monday announced an interim dividend of Rs.8 per share and a special dividend of Rs.67 per share.
Tata Consultancy Services (TCS) on Monday started trading ex-dividend, making its share rise up to ₹3,320 apiece on the Bombay Stock Exchange (BSE).
TCS had announced an interim dividend of Rs.8 per share and a special dividend of Rs.67 per share earlier of Re 1 each of the company, with a total dividend announced of ₹75 per share.
“The third interim dividend and the special dividend shall be paid on Friday, February 3, 2023, 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 Tuesday, January 17, 2023, which is the Record Date fixed for the purpose,” India’s top IT company had said in the filing.
TCS for the December quarter reported a 11% year-on-year (YoY) rise in profit at Rs.10,846 crore compared with Rs.9,769 crore in the same quarter last year.
Revenues for the quarter rose by 19.10% year-on-year to Rs.58,229 crore from Rs.48,885 crore in the corresponding quarter last year. TCS witnessed a 3.7% drop in its order book to $7.8 billion, down from $8.1 billion in the September quarter.
TCs said its employee count was reduced by 2197 on net basis to 6,13,974 as on 31st December, its first such since the onset of the pandemic in the first quarter of the fiscal year 2021. TCS adeed 9840 employees in the September ended quarter.
“TCS delivered better-than-expected revenue growth in Q3, while margins came a tad below our expectations,” as per a report by Emkay Global Financial Services.
