TCS’s record date for interim dividend this week. details inside

“Interim dividend shall be paid on Wednesday, the 3rd August, 2022 to the equity shareholders of the company, whose names appear in the register of members of the company or in the records of the depositories as beneficial owners of the shares on Saturday, July 16, 2022, which is the record date fixed for this purpose.” TCS had informed in an exchange filing. Dividend means distribution of surplus out of profits by a listed company to its shareholders.

In FY22, the total of TCS Dividend stood at 43 per equity share. In the annual report of 2 June, it was revealed that for the entire year, the company’s shareholder pay-outs stood at 38,010 crore with a growth of 12.2% annually. Pay-out included unpaid dividends, buybacks and dividends including taxes.

Last week, TCS reported a 5.2% increase in Q1FY23 profit from a year ago, missing analysts’ estimates, as rising employee costs squeezed earnings, even as demand remained strong. Mumbai-based company’s net profit increased 9,478 crore in the quarter ended June. Revenue for the quarter up 16% from a year ago 52,758 crore on the back of broad-based development.

Its constant currency (cc) revenue growth was up 15.5% on a year-over-year basis, while Q1 dollar revenue came in at $6,780 million, up 10% from the year-ago quarter. The company had said that operating margin for the quarter stood at 23.1%, up from 25.5% a year ago, mainly due to annual salary increase, increased cost of management of talent churn and gradually normalizing travel expenses, the company said. had said.

TCS shares were trading with a fall of over 1% 3,041 each on the BSE in Wednesday’s session. So far, the IT stock is down around 20% in 2022 (YTD), compared to a 9% fall in the benchmark Sensex.

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