Brijendra
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Tata Group's giant company Tata Consultancy Services (TCS) has announced its quarterly results. Tata Consultancy Services Limited (TCS) said that its board has approved the second interim dividend for the September quarter. Along with the results of the second quarter of FY 2025, the Tata Group company has also announced a dividend of 10 per share for investors. TCS said that it will fix the date for crediting dividend to eligible shareholders on Tuesday 5 November 2024.
The IT sector giant has already fixed Friday, October 18, 2024 as the record date for dividend. Earlier, the company had given an interim dividend of Rs 10 on July 19, 2024.
How were the quarterly results
Talking about the company's results, the company's profit in the second quarter of FY 2025 has come down to Rs 11,909 crore, which was Rs 12,040 crore in the previous quarter. Talking about the company's income, it has increased from Rs 62,613 crore quarter on quarter to Rs 64,259 crore.
In the quarter ended September 2024, the company has reported EBIT of Rs 15,465 crore, which was Rs 15,442 crore in the previous quarter. The company's EBIT margin has come down from 24.7 per cent quarter on quarter to 24.1 per cent. The company has said that the attrition rate in the September quarter has come down from 12.10 per cent quarter on quarter to 12.3 per cent.
On Thursday, TCS shares closed at Rs 930.60 with a decline of 0.91 per cent. In the last one year, the company's stock has seen a 47.59 percent rise.
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