TCS to Announce Q2 Results on October 10
Tata Consultancy Services (TCS), India’s largest information technology services provider, is set to reveal its second quarter earnings for the fiscal year 2024-25 on October 10, 2024. This announcement was made on September 30, 2024, through an exchange filing, indicating significant updates for investors and stakeholders in the IT sector.
Details of the Upcoming Board Meeting
During the board meeting scheduled for October 10, TCS will not only report its quarterly results but also decide on the second interim dividend for FY25. As of today, the company’s stock closed at Rs 4268.40, reflecting a slight decline of 0.94%. Following this drop, the market capitalization of TCS stands at a robust Rs 15.44 lakh crore, underscoring its prominent position in the market.
Dividend Information
TCS mentioned in its exchange filing that if the second interim dividend is declared, it will be credited to equity shareholders whose names are registered as of the record date, October 18, 2024. This proactive communication is critical for shareholders who anticipate receiving dividends as part of their investment returns.
Q2 Earnings Conference Call
The company has scheduled its Q2 earnings conference call for 7 PM on October 10, providing a platform for analysts and investors to inquire about performance metrics and strategic direction moving forward. This call is expected to cover key financial indicators and insights into company operations.
Performance in the Previous Quarter
TCS experienced solid growth in the previous quarter, with its consolidated net profit reaching Rs 12,040 crore, an increase of 8.72% year-on-year. Furthermore, revenues surged by 5.44% to Rs 62,613 crore. Notably, these results surpassed market expectations, highlighting TCS’s resilience in a competitive landscape. In July, the company had declared an interim dividend of Rs 10 per share for the financial year 2024-25 (FY25), further reinforcing its commitment to shareholder value.
Conclusion
With the upcoming announcement of Q2 results and decisions regarding the interim dividend, TCS continues to demonstrate transparency and strong financial performance, making it an influential player in India’s IT sector. Stakeholders will be closely monitoring the outcomes of the board meeting and the subsequent earnings call for insights into the company’s strategic future.
