TCS Q3 Results: Board To Consider 3rd Interim Dividend Tomorrow; Check Record Date
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Tata Consultancy Services (TCS), the IT giant, is set to announce a dividend for its shareholders on January 9, 2025; Key points to know
TCS Q3 Results
Tata Consultancy Services (TCS), the IT giant, is set to announce a dividend for its shareholders on January 9, 2025 (Thursday), coinciding with the release of its fiscal third-quarter earnings report. In a regulatory filing dated December 31, TCS stated, “In accordance with Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Tata Consultancy Services Limited will meet on Thursday, January 9, 2025, to consider, among other matters, the declaration of a third interim dividend for equity shareholders.”
If declared, this would mark the third interim dividend of the financial year (FY2024-25) for the company.
TCS Interim Dividend Record Date
TCS has already announced the record date for the dividend payment. The company specified, “If the third interim dividend is declared, it will be paid to the equity shareholders whose names appear on the Register of Members or in the records of the Depositories as beneficial owners as of Friday, January 17, 2025, which has been fixed as the Record Date.”
TCS Dividend History
According to the Bombay Stock Exchange (BSE), TCS paid a total dividend of Rs 75 across five occasions in 2024. In the previous years, TCS rewarded its investors with dividends of Rs 117 in 2023 and Rs 45 in 2022.
In FY23, TCS distributed interim dividends of Rs 27 on three separate occasions, a final dividend of Rs 28, and a special dividend of Rs 18 to its shareholders.
Earlier in October, TCS reported a profit of Rs 11,909 crore for the fiscal second quarter, marking a 5% increase from Rs 11,342 crore in the same quarter of the previous financial year. The company also posted a revenue of Rs 64,259 crore, up 7.7% from Rs 59,692 crore in Q2 FY24.
TCS Q3 Results 2025 Date
In an exchange filing, Tata Consultancy Services (TCS) announced that its board of directors will convene on January 9 (Thursday) to approve the financial results for the third quarter ending December 31, 2024 (Q3 FY2025). The board will also consider a proposal to declare an interim dividend for shareholders.
TCS Share Target Price
Elara Securities expects dollar revenue for TCS to decline 0.8 per cent QoQ, hit by furloughs and ebbing revenue from the BSNL deal. TCS, with wage hike already given in Q1FY25, may see a margin expansion of 40bps QoQ due to deceleration in BSNL deal-related costs, which hit Q2 margins, it said.
“We prefer TCS within large-caps as valuations are comforting,” it said while suggesting a target of Rs 4,680 on the stock. This brokerage sees adjusted net profit at Rs 12,180 crore and sales at Rs 60,583 crore.
Bernstein has outperform rating on TCS and a target price of Rs 4,820 on the stock. Calling TCS a margin champion, Bernstein said the IT major’s deal wins are healthy and that it has best-in-class execution capabilities and industry domain knowledge. HDFC Securities has ‘Add’ rating on TCS with a target price of Rs 4,545.
Nuvama sees TCS PAT at Rs 12,390 crore and sales at Rs 64,129 crore. “We expect TCS to deliver 0.1 per cent QoQ CC revenue growth and 0.8 per cent QoQ dollar revenue degrowth due to lower BSNL revenue and furloughs, likely to be partially offset by a reversal of exceptional items of last quarters. Margin would expand 20 bps QoQ driven by operating efficiencies. We expect deal-wins to be stable. Watch out for the outlook on the BSNL deal and margin levels thereof,” it said.
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