India TCS, the largest and Tata Group's IT company, today released the results of the second quarter of the current financial year. Along with this, the company has also declared dividend for the investors. TCS informed the stock market exchange that in the July-September quarter, the company's net profit has increased by 4.99 percent on an annual basis to Rs 11,909 crore. Whereas in the second quarter of last year, the company's net profit was Rs 11,342 crore.
Decline in net profit compared to last quarter
However, compared to the first quarter of the current financial year (April-June 2024), there has been a decline in the net profit of the company. TCS's net profit in the April-June quarter was Rs 12,040 crore. TCS's revenue rose 7.06 per cent to Rs 64,988 crore in the July-September quarter from Rs 60,698 crore in the year-ago quarter. Whereas in the June quarter the company had generated a revenue of Rs 63,575 crore.
Declaration of dividend of Rs 10 for shareholders
Along with releasing the financial results of the company, TCS has also announced dividend for its shareholders. The company told the stock market exchange that an interim dividend of Rs 10 will be given on each share with a face value of Re 1. The company has fixed the record date for payment of dividend on October 18, 2024. The company said in an exchange filing that the money from the second interim dividend will be transferred to the bank accounts of shareholders on Tuesday, November 5.
There was a decline in shares on Thursday
Let us tell you that there was a decline in TCS shares on Thursday. Today the company's shares closed at Rs 4228.40 with a fall of Rs 23.90 (0.56%). During trading today, TCS shares touched an intraday high of Rs 4293.30 and an intraday low of Rs 4200.00. Let us tell you that the 52 week high of TCS shares is Rs 4585.90. The current market cap of this Tata Group company is Rs 15,29,872.13 crore.
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