Tata Consultancy Services (TCS) announced its financial results for the quarter ending December 31, 2024, along with a dividend declaration.
Dividend Announcement:
- Third Interim Dividend: ₹10 per equity share.
- Special Dividend: ₹66 per equity share.
- Record Date: January 17, 2025.
- Payment Date: February 3, 2025.
Key Financial Highlights:
- Revenue from Operations: ₹63,973 crore.
- QoQ: Decreased marginally by 0.4% from ₹64,259 crore.
- YoY: Increased by 5.6% from ₹60,583 crore.
- Net Profit: ₹12,444 crore.
- QoQ: Improved by 4.1% from ₹11,955 crore.
- YoY: Grew by 12.1% from ₹11,097 crore.
- EBIT Margin: 24.48% (as per expectations).
Key Observations:
- Revenue Performance: While revenue saw marginal QoQ pressure, strong YoY growth was driven by steady demand across verticals.
- Net Profit: Surpassed expectations due to operational efficiencies.
- Dividend Declaration: Special dividend highlights TCS’s commitment to rewarding shareholders.
