For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

TCS Reports Q2 Net Profit At Rs 8,042 Crore; Announces Special Dividend

|

The September-quarter earnings season kicks in with the announcement of results for Tata Consultancy Services (TCS). On Thursday, the IT giant reported a 1.80 percent jump on a year-on-year basis in net profit at Rs 8,042 crore for the second quarter of the financial year 2019-20. The numbers reported are lower than street estimates.

 TCS Reports Q2 Net Profit At Rs 8,042 Crore; Announces Special Dividend
Tata Consultancy Services: Quotes, News
BSE 2045.85BSE Quote8.45 (0.41%)
NSE 2046.40NSE Quote9.1 (0.44%)
 

The company's revenue for the quarter under review was up by 5.80 percent to Rs 38,977 crore from the same period of the previous year. Operating income was down by 4.20 percent to Rs 9,361 crore from last year.

TCS announced its board's decision to pay an interim dividend as well as a special dividend to shareholders.

"We would like to inform you that at the Board Meeting held today, the Directors have declared a second interim dividend of Rs 5 and a special dividend of Rs 40 per Equity Share of Re 1 each of the Company," it said in its stock exchange filing.

The record date for the dividend is 18 October and the payment date is 24 October.

In constant currency terms, the Bengaluru-based company's revenue growth for the September ended quarter was at 8.4 percent on a year-on-year basis. Its operating margin for the period was at 24 percent.

CEO Rajesh Gopinathan said that the order book for the September 2019 quarter was the highest in six quarters.

Shares of TCS closed 0.36 percent lower than the previous day's close at Rs 2,002.80 on NSE. The quarterly results were announced after market hours on Thursday.

Read more about: tcs
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more