TCS Q1 Results 2024; Tata Consultancy Services Net Profit, Dividend And Income | TCS’s profit of ₹ 12,040 crore in the first quarter: it increased by 8.72% on annual basis, the company will also give dividend of Rs 10 per share.

The consolidated net profit of Tata Consultancy Services Limited (TCS), India’s most valuable IT company, in the first quarter (April-June) of the financial year 2024-25 was Rs 12,040 crore. There has been an increase of 8.72% on annual basis.

In the same quarter a year ago, the company had made a net profit of Rs 11,074 crore. Talking about the earnings during this period, the total in the April-June quarter was Rs 63,575 crore. There has been an increase of 5.44% on annual basis. The company had earned Rs 60,778 crore in the first quarter of the financial year 2023-24.

Declaration of dividend of Rs 10 per share
The company has released its first quarter results for FY 2024-25 in a stock exchange filing today (July 11). Along with the results, TCS has also declared a dividend of Rs 10 per share for its shareholders. Companies give some part of the profits to their shareholders, it is called dividend.

Profit decreased by 3.17% on quarterly basis
TCS had registered a profit of Rs 12,434 crore in the fourth quarter of the last financial year i.e. January-March. There has been a decrease of 3.17% on quarterly basis. The company had earned Rs 2,45,315 crore during the entire last financial year. During this period the company had registered a profit of Rs 45,908 crore.

TCS shares gave a return of 4.46% in 6 months
Shares of Tata Consultancy Services closed 0.18% lower at Rs 3,902 today (July 11). The company’s shares have given a negative return of 2.53% in the last 5 days. It has given returns of 1.30% in one month, 4.46% in 6 months and 19.24% in one year. TCS shares have given a return of 2.39% only this year i.e. since January 1, 2024. The market capitalization of the company is Rs 14.17 lakh crore.

Shares of Tata Consultancy Services closed 0.18% lower at Rs 3,902 today (July 11).

TCS was established in 1968
Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) company. It is a subsidiary company of Tata Group. TCS was founded in 1968 as ‘Tata Computer Systems’. TCS became a public listed company on 25 August 2004.

In 2005, it became the first company in India to enter the informatics market. In April 2018, it became the first IT company in the country with a market capitalization of $ 100 billion. The current market cap of the company is Rs 14.17 lakh crore. It operates at 149 locations in 46 countries.