India‘s largest IT companies TCS and Tata Group today released the results of the second quarter of the current financial year. Along with this, the company has also announced dividends for investors. In a notice given to the stock market exchange, TCS said that in the July-September quarter, the company’s net profit increased by 4.99 percent on an annual basis to Rs 11,909 crore. Whereas in the second quarter of last year, the company’s net profit was Rs 11,342 crore. 

Decline in net profit compared to the previous quarter

However, the company’s net profit has declined compared to the first quarter of the current financial year (April-June 2024). TCS’s net profit in the April-June quarter was Rs 12,040 crore. TCS’ revenue grew 7.06 percent to Rs 64,988 crore in the July-September quarter from Rs 60,698 crore in the same quarter a year ago. While in the June quarter, the company generated a revenue of Rs 63,575 crore. 

Announcement of a dividend of Rs 10 for shareholders

Along with releasing the financial results of the company, TCS has also announced dividends for its shareholders. The company told the stock market exchange that an interim dividend of Rs 10 will be given on each share with a face value of Rs 1. The company has fixed October 18, 2024, as the record date for the payment of dividends. The company said in an exchange filing that the money for the second interim dividend will be transferred to the shareholders’ bank account on Tuesday, November 5.

Shares fell on Thursday.

Let us tell you that TCS shares saw a decline on Thursday. Today the company’s shares closed at Rs 4228.40 with a decline of Rs 23.90 (0.56%). During today’s trading, TCS shares touched an intraday high of Rs 4293.30 and an intraday low of Rs 4200.00. Let us tell you that the 52-week high of TCS shares is Rs 4585.90. The current market cap of this Tata Group company is Rs 15,29,872.13 crore.