TCS
Q1 FY25 results:
Tata Consultancy Services
(TCS), India’s largest IT services provider, announced its financial results for the June quarter on Thursday. The company reported a consolidated net profit of Rs 12,105 crore, which is a 9% increase compared to the same quarter in the previous financial year when it recorded a profit of Rs 11,120 crore.
The PAT surpassed market expectations of around Rs 11,900 crore.
The profit surpassed market expectations of Rs 11,900 crore. However, on a sequential basis, the PAT experienced a decline of over 3% compared to the Rs 12,502 crore reported by the company in the fourth quarter of the financial year 2024.
TCS generated revenue from operations amounting to Rs 62,613 crore, marking a 5.4% increase from the Rs 59,381 crore reported in the same period last year.
The company’s consolidated operating margin for the quarter stood at 24.7%, indicating a year-on-year expansion of 1.5%. Additionally, the net margin was recorded at 19.2%.
TCS also declared an interim dividend of Rs 10 per share for the fiscal year 2024-25. The company has set July 20 as the record date to determine the eligibility of shareholders for receiving the dividend, which will be disbursed on August 5.
It is important to note that TCS shares will trade ex-dividend on or before the record date, meaning that the stock will not carry the value of the upcoming dividend payment from that point onwards, said an ET report.
The ex-dividend date is crucial as it determines which shareholders are entitled to receive the dividend.
This story is being updated…
