TCS Q1 Results: For the financial year 2024–2025 (FY25), Tata Consultancy Services Ltd. (TCS), the biggest software exporter in India, announced it’s Q1 results and declared an interim dividend of ₹10 per share. July 20, 2024 is the record date that will be used to determine shareholder eligibility. On August 5, 2024, qualified stockholders will receive this dividend.
Key Highlights of TCS Q1 FY25 Results
Dividend Announcement and Record Date
The interim dividend of ₹10 per share announced by the TCS board has delighted investors. The date of record for determining the stockholders who qualify for this dividend is July 20, 2024. The date of the dividend payments to shareholders is August 5, 2024.
Ex-Dividend Date
Shares of TCS are likely to trade ex-dividend on or before the record date. On the ex-dividend date, the stock will no longer carry the value of the upcoming dividend payment. This date is crucial for determining which shareholders will receive the dividend.
Financial Performance: Q1 FY25 Results
TCS reported a robust 8.72% year-on-year increase in its consolidated net profit, reaching ₹12,040 crore for the June quarter. The IT giant’s revenue from operations for April to June rose by 5.4% year-on-year to ₹62,613 crore.
Quarterly Revenue Growth
Compared to the March quarter, TCS achieved a revenue growth of 2.2% in rupee terms. In US Dollar terms, the revenue increased by 2.7%, reaching $7.5 billion.
EBIT and Margins
The company’s Earnings Before Interest and Tax (EBIT) exceeded expectations, standing at ₹15,442 crore against an estimated ₹15,262 crore. However, the EBIT was down by 3% during the quarter. The EBIT margin narrowed by 130 basis points to 24.7%, down from 26% in the previous quarter.
Stock Performance
TCS shares ended relatively unchanged at ₹3,902. Over the past 12 months, the stock has shown an impressive growth of about 20%.
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