Tata Consultancy Services (TCS) has declared a third interim dividend of ₹10 per share and a special dividend of ₹66 per share for the fiscal year ending March 2025. Shareholders on record as of January 17 will receive these dividends, which are set to be disbursed on February 3.
Strong Financial Performance in Q3
In its third-quarter financial results, TCS reported a 12% year-over-year increase in net profit, reaching ₹12,380 crore. Revenue also grew by 6% to ₹63,973 crore. Operating margins saw a sequential improvement of 40 basis points, reaching 24.5%, although they declined by 50 basis points compared to the same period last year.
The company witnessed robust growth in key markets, including a 70% surge in the Indian market, 15% growth in the Middle East and Africa, and a 7% increase in Latin America. Additionally, TCS secured contracts worth $10.2 billion during the quarter, highlighting its strong long-term growth trajectory.
Dividend Track Record
Earlier in the fiscal year, TCS announced two interim dividends of ₹10 per share each during the June and September quarters. Over the past 12 months, the total dividend payout amounts to ₹75 per share, offering a yield of approximately 1.86% based on current share prices.
Market Performance and Ex-Dividend Details
On January 9, TCS shares closed 1.6% lower at ₹4,044 on the NSE. Investors should note that TCS shares will trade ex-dividend on or just before the record date, determining shareholder eligibility for the upcoming dividend payment.