Tata Consultancy Services (TCS) has made headlines recently by announcing its proposed final dividend for the financial year ending March 2025. On Thursday, the board of this leading IT services giant recommended a dividend of ₹30 per share. This decision awaits the approval of the shareholders and is set to be disbursed five days after TCS’s 30th Annual General Meeting.
TCS Financial Highlights
In its latest quarterly results, TCS showcased mixed financial performance for the fourth quarter. Here are some key takeaways:
- Net Profit: The company reported a net profit of ₹12,224 crore, reflecting a modest increase of 1.2% compared to the previous quarter’s ₹12,380 crore.
- Revenue Growth: TCS’s revenue for the quarter stood at ₹64,479 crore, representing a slight rise of 0.79% from ₹63,973 crore in the last quarter.
- EBITDA Figures: The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was recorded at ₹15,601 crore, marking a minor decline of 0.36% from ₹15,657 crore.
- Margins: The company’s margin for this period showed a decrease to 24.19%, down 27 basis points from the previous rate of 24.47%.
Upcoming Shareholder Meeting
The declaration of the final dividend is contingent upon the approval from TCS’s shareholders during the upcoming AGM. Once approved, shareholders can expect to receive their dividends shortly after, adding to the anticipation surrounding the company’s financial strategies and performance.
Conclusion
As TCS continues to navigate the complexities of the tech industry, its latest financial figures and dividend proposal reflect a commitment to delivering value to its shareholders. With a blend of slight revenue growth and strategic payouts, TCS is poised to maintain its stature as a leading player in the IT services sector. Keep an eye on further developments as they unfold.
