TCS Q3 Results: Check Earnings Schedule, Interim Dividend Record Date And More

Tata Consultancy Services (TCS) Ltd., India's largest IT services provider, will announce its financial results for the December 2024 quarter on January 9. With a market cap of Rs 14,90,561.61 crore, TCS is a key player in India's technology sector. Part of the Tata Group, TCS was established as a standalone entity in 2004 and has since become a global leader in IT services and consulting.

The IT giant recently informed the stock exchanges about its upcoming board meeting to consider the financial results for the quarter ended Dec. 31, 2024. The company is also expected to announce an interim dividend.

The company's board of directors will meet on January 9 to review and approve the audited standalone financial results for the quarter, as per the stock exchange filing. TCS plans to release its Q3 results after market hours on Thursday.

TCS' leadership team will address the media in a press conference at 5:30 p.m. on Thursday. The interaction will be telecast live on NDTV Profit and also streamed live on NDTV Profit's YouTube channel.

The Company will also host an Earnings conference call at 7 p.m., during which the leadership team will discuss financial performance and take questions.

Along with its quarterly results, Tata Consultancy Services' Board is expected to consider and approve the third interim dividend for the financial year 2025. The company has set January 17 as the record date to determine shareholders' eligibility for the dividend payout.

"The Third Interim Dividend, if declared at the Meeting of Board of Directors to be held on Thursday, January 9, 2025, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, January 17, 2025, which is the Record Date fixed for the purpose," the company said in its stock exchange filing.

TCS shares have remained flat in the last five sessions by declining nearly 0.8%. In the past month, the IT stock has declined up to 8%. However, in the past six months TCS shares have rallied 3%, while rising 11.72% in the past one year.

The stock is currently trading 10.74% lower than its previous 52-week high of Rs 4,592.25 apiece on the NSE, reached on Aug. 30, 2024. Shares of TCS had touched a 52-week low of Rs 3,591.5 on Jun. 4, 2024.  

TCS Ltd. shares were trading flat at Rs 4,098.65 apiece, down 0.03%, on the NSE at 11:04 am on Monday, compared to 0.78% drop in benchmark Nifty50.

Tata Consultancy Services reported a decline in profit for the second quarter of the current fiscal, falling short of market expectations despite a rise in revenue. The IT giant posted a profit of Rs 11,909 crore for the July-September 2024 period, marking a 1.1% decline from the previous quarter and missing the Bloomberg forecast of Rs 12,543 crore. Revenue, however, grew by 2.6% to Rs 64,259 crore, marginally surpassing Bloomberg’s estimate of Rs 64,186 crore. 

The company's earnings before interest and taxes (EBIT) rose slightly by 0.2% to Rs 15,469 crore, but remained below Bloomberg’s estimate of Rs 15,995 crore, while margins expanded by 50 basis points to 24.1%, compared to Bloomberg's projection of 24.90%.