This company of Tata Group will give huge dividend to investors

Tata Group Company Tata Consultancy Services (Tata Consultancy Services) has earned huge profits in the January-March quarter of the financial year 2023-24. In this quarter, the company’s profit increased by nine percent to Rs 12,434 crore. In the same period of the previous financial year (2022-23), the company had registered a net profit of Rs 11,392 crore. With profitable results, the company has announced a huge dividend to the investors. The company said in its exchange filing that it has decided to pay a dividend of Rs 28 per share. TCS was already paying a dividend of Rs 45 per share. Now the total dividend given by the company to investors in the financial year 2024 has become Rs 73. The Company has announced that the 29th Annual General Meeting (AGMDividend will be paid on the fourth day of .

How much did the company earn in a year?

TCS has earned a net profit of Rs 45,908 crore in the financial year 2023-24. During this period, revenue increased to Rs 2,40,893 crore, which was Rs 2,25,458 crore in 2022-23. In the quarter under review, the company was successful in increasing its sales margin by 1.5 percent to 26 percent. During this period, revenue also increased by 3.5 percent to Rs 61,237 crore, which was Rs 60,583 crore in the same quarter a year ago. In the fourth quarter of the financial year 2023-24, the company received new orders worth $ 13.2 billion, which is the highest in any quarter so far. However, the number of employees of the company has decreased by about two thousand in this quarter. The total number of employees in the company is 6,01,546.

Also Read: Section 80C is very useful in income tax, know how much tax you can save

Why did company profits increase?

TCS Chief Executive Officer and Managing Director K Keerthivasan said in a statement that the profit margins and orders received by the company confirm its business model and execution excellence. He said that amidst the challenging global environment, the company is working closely with its customers and helping them. The company’s revenue from its Indian business, including a deal with BSNL worth more than Rs 15,000 crore, grew 38 percent. With this, the domestic contribution to trade in the March 2024 quarter increased from five percent to 6.7 percent. During the quarter under review, revenue in North America, the company’s biggest market, declined 2.3 percent year-on-year. The share of this market in the total business of the company decreased from 52.4 percent to 50 percent.

How is the performance of the company’s stock?

The stock of Tata Consultancy Services closed at Rs 4,003.80 with a rise of 0.48 percent i.e. Rs 19.15 in the market yesterday. The company’s stock has seen a rise of 0.33 percent in the last five trading days. Whereas, on a six-monthly basis, investors have got a return of 12.12 percent. On annual basis, the investors of the company have got a return of 25.56 percent. The market cap of the company is Rs 14.50 thousand crore.