The net profit of Tata Consultancy Services, India’s top most information technology (IT) company, has increased by 8.7 % year-on-year to Rs 11,342 crore in the second quarter (July-September) of the current financial year. Along with this, the top management of this company has also approved TCS Share 2023 Buyback of Rs 17,000 crore and TCS Dividend Payment 2023 of about Rs 3,300 crore. And now TCS has declared an interim dividend of Rs. 9 per share, and it is 900% above the face value, for fiscal year 2023.
As per the TCS Dividend Payment Date 2023, dividend will be paid on 7 November 2023. Announcing the results of the July-September quarter on 11 October 2023, the Tata group company said that its revenue during the period under review increased by 7.9 % to Rs 59,692 crore compared to the same quarter a year ago. However, there has been only a little increase in TCS’s income compared to Rs 59,381 crore in the June quarter.
TCS Dividend Payment Date 2023
As per Tata Consultancy Services, operating profit margin increased by 0.25 % to 24.3 % due to the execution of old deals. During the period under review, the total number of employees of TCS declined to around 6.09 lakh as compared to 6.16 lakh in the same quarter last year. The number of employees of the company was 6.15 lakh in the June quarter. Investors investing in the shares of Tata Consultancy Services (TCS), the country’s largest software company, have become very upset.
Actually, TCS has shared that it will buyback shares worth Rs 17,000 crore at a price of Rs 4,150 per share. As we know that some shares of Tata Consultancy Services have also been sold in the public domain. So now it has also become a public domain company and it has its presence in the stock market or share market also but the person who has the most shares is officially called the owner of that company.
TCS Record, Payment Dates 2023
|Company Name||Tata Consultancy Services|
|Company Listed On||NSE, BSE|
|Dividend Announced Date||29 September 2023|
|Dividend Record Date||19 October 2023|
|TCS Dividend Payment Date 2023||7 November 2023|
TCS declares second interim dividend of Rs 9 per share
Tata Consultancy Services (TCS) is a well-known company of India and getting a job in TCS is the dream of many youth nowadays. It is an Indian software services company which is considered to be the largest IT company in India. It has become a medium of good career for many people. As per the latest news i have received on Tata Consultancy Services, TCS will be paid dividend of Rs 9 per share to its investors.
TCS offers IT services such as business process outsourcing, consulting and other solutions to different industries. It was founded in 1968 and is part of the Tata Group, one of Asia’s largest conglomerates. TCS has offices in many countries. It contributes a lot in strengthening the Indian IT Industries. It is moving forward with determination, progress and enthusiasm.
TCS Share 2023 Buyback
The Tata Consultancy Services’s buyback price is at about a 15 % premium to the current price and lastly the stock closed 0.44 % lower at Rs 3,613. So now i have shared many updates on TCS declares second interim dividend of Rs 9 per share and you have read this article to get these updates of mine. Please be ready to check the latest updates on this page for TCS Record, Payment Dates 2023 as i have mentioned the latest updates on it for you.
TCS in Share Market- NSE, BSE
The earlier name of Tata Consultancy Services was Tata Computers Systems. At that time it used to provide its services to TISCO and Unit Trust of India. In 1980, Tata opened its own research center and moved ahead. In 2004, to bring more investment in Tata, it was listed in the stock market and since then, it has moved ahead and never looked back
Tata Consultancy Services- India’s No. 1 IT Company
Tata Consultancy Services is a branch of Tata Sons Company, it means that Tata Consultancy Services comes under the company Tata Sons. Tata Sons can be called its parent company and many other Tata companies come under it. Nevertheless, the share of Tata Consultancy Services within Tata Sons is about 70 %. That is, the total participation of all the other companies within Tata Sons which are separate from Tata Consultancy Services is 30 %, while the participation of Tata Consultancy Services alone is 70 %. In this way, Tata Consultancy Services is the most important company for Tata Sons.
Under Tata Consultancy Services, work related to IT technology is done and apart from this it also does consulting work. As we know about other software companies, where mainly software engineers work, similarly Tata Consultancy Services is also a software company. Here thousands of software, apps, websites etc. related to the country and abroad are operated and their projects are viewed.