TCS announces Rs 8 per share dividend. Full details

In a filing to BSE, the IT major said the interim dividend would be paid on August 3, to equity shareholders of the IT firm, whose names will appear on the register of members of the company or in the records of the depositories, as beneficial owners of the shares, as on July 16, the record date fixed for the purpose.

The IT major had earlier announced a final dividend of Rs 22 for FY22, and the record date for the same was in May.

The company announced the fresh dividend payments while reporting June quarter results, where it reported a less-than-expected 5.21 per cent year-on-year (YoY) rise in consolidated net profit at Rs 9,478 crore in June quarter compared with Rs 9,008 crore in the same quarter last year. An ET NOW poll of analysts had anticipated the profit figure at Rs 9,910 crore.

The IT major, whose shares closed 0.67 per cent lower at Rs 3,264.85 crore, said its consolidated revenue for the quarter grew 16.2 per cent YoY to Rs 52,758 crore compared with Rs 45,411 crore in the year-ago quarter. Sales figures were largely in line with analyst estimates.

Growth in constant currency (CC) terms came in at 15.5 per cent QoQ.

Ebit margin stood at 23.1 per cent in the June quarter compared with 25 per cent in the March quarter and 25.5 per cent in the June quarter last year, hurt by wage hikes and continued supply-side pressures.

The company said its order book stood at $8.2 billion. The company said it added nine new clients to the 100 million-plus band YoY while 19 clients were added to the $50 million-plus band.

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