tcs q2 result, shareholders’ bat-ball; Country’s largest IT company to pay dividend of Rs 8 per share – share market update tcs announces second interim dividend of rs 8 per share check record date
TCS Interim Dividend: Tata group company TCS has declared its second quarter results. In the September quarter, the company’s net profit beat estimates by 8.4 percent and revenue rose 18 percent. Along with this, the company has announced the second interim dividend for the financial year. Even before the announcement of the second quarter results, TCS shares had seen a boom.
Highlights:
- TCS, the country’s largest IT company, announced its results for the second quarter of the financial year 2022-23.
- The company’s profit increased by 8.4 percent year-on-year to Rs 10,431 crore.
- Tata Consultancy Services will pay an interim dividend of Rs 8 per share to its shareholders.
Tata’s company’s multibagger share became a rocket, investors’ earnings skyrocketedCompared to the previous quarter, the company’s net profit increased by 10 percent, while revenue increased by 4.8 percent. Also, in the first quarter of this financial year, the company’s net profit was Rs 9,478 crore, while the revenue was Rs 52,758 crore. The company hired a net 9,840 employees in the September quarter. With this, the number of their employees has increased to 6.16 lakh. In this case the company has become the largest employer in the region. Shares of TCS closed up 1.84 percent at Rs 3,121.20 on the BSE.
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Declaration of dividend
TCS is the second largest company in the country by market cap after Reliance Industries. The company has also declared a second interim dividend of Rs 8 per share to its investors. According to the company, this dividend will be paid on November 7, 2022. For this, 18 October 2022 has been set as the record date. The company has declared dividend for the second time in the current financial year.
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Shares closed higher on Monday
TCS shares rose on the first trading day of the week ahead of the release of second quarter results. Shares of Tata Consultancy Services continued to rise despite the fall in the stock market. Shares of the company rose over 2 percent to Rs 3129.90 in intraday trade.
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