TCS considering interim dividend on Oct 19th

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TCS considering interim dividend on Oct 19th

The company is considering an interim dividend to be paid to equity shareholders on October 19th. TCS shares will likely trade ex-dividend on the day or a day before the record date.

TCS said it had not said in its filing that it was releasing the information.

In Q1 2023, the IT firm also declared an interim dividend of Rs 9 per share for its shareholders at a value of Rs 1 each. The interim dividend is paid to equity shareholders of the company, whose names appear on the register of members of the company and in depositories as beneficial owners of the shares.

The IT bellwether's shares were trading at 3,530.75 apiece on its BSE, 3,525 apiece on the NSE and 3,525 on the BSE. TCS witnessed five block deals worth Rs. 197 crore during the end of September. At an average price of 3.529 rupees, around 55.07 lakh shares changed hands.

The IT bellwether posted an on-year rise of 16.83 percent in its net profit of Rs 11,074 crore in June. TCS had a net profit of 9,478 crore in the same period last year. TCS's Q1 revenue rose 12.55 percent to Rs 59,381 crore from Rs 52,758 crore in the same quarter last year. EBIT margin for the quarter came in at 23.10 percent, up by 10 basis points year-on-year. The same period of the same deal was worth $10.20 billion.

In terms of major markets, TCS said that the UK led growth with a 16.1 percent increase, North America 4.6 percent and Continental Europe 3.4 percent. In emerging markets, Middle East and Africa grew 15.2 percent, India 14 per cent, Latin America 13.5 per cent, and Asia-Pacific 4.7 per cent.

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