Finance Way 
So far, TCS software exporter has announced a dividend of ₹20 per share for FY25, with ₹10 per share in the first and second quarters. The record date for eligible shareholders in the event of a third interim dividend declaration is Friday, January 17.
A special dividend of ₹18 per share and an interim dividend of ₹9 per share were announced by last year.
Tata Consultancy Services Limited (TCS), the largest IT company in the sector, will announce its third interim dividend and quarterly results today. Both announcements will be made after the stock market opens. TCS leadership will address the media at 5:30 PM, followed by a meeting at 7:00 PM.
On Friday, January 9, TCS will broadcast the dividend and third-quarter results; Bernstein has set target prices for stocks such as Zomato, TSC, Intel, and Coforge. What IT stocks should you buy before third-quarter results?
So far, the software exporter has announced a ₹20 per share dividend for FY25, with ₹10 per share dividends for the first and second quarters. If a third interim dividend is declared, it will be paid to eligible shareholders whose names appear in the depository records on Friday, January 17.
TCS declared a final dividend of ₹28 per share for FY24 in April 2024, along with its fourth-quarter results from the previous year. After the third-quarter results, TCS declared an interim dividend of ₹9 per share and a special dividend of ₹18 per share. It also declared an interim dividend of ₹9 per share in both the second and first quarters. Additionally, initiated a ₹17,000 crore share buyback program for FY24.
For FY24, distributed a total of ₹46,223 crore to its shareholders. Announced a final dividend for FY23 of ₹24 per share. The cumulative dividend for the year was ₹115 per share, totaling ₹33,306 crore in payouts, which translates to a dividend yield of 3.59%.Previously, distributed dividends of ₹25,125 crore in FY20, ₹7,686 crore in FY22, and ₹8,510 crore in FY21. The dividend per share in FY22 was ₹43, in FY21 it was ₹38, and in FY20 it was ₹72.
Analysts’ Expectations for Q3 Results:
Analysts expect report steady constant currency (CC) growth in revenue, although dollar revenue may see a sequential decline. This is due to lower contributions from BSNL revenue and seasonal weakness. However, the impact could be partially offset by the reversal of extraordinary items from the previous month. Due to operational efficiency, margins are expected to increase by 20 to 40 basis points.
Nomura’s estimate: revenue after tax is expected to be ₹64,129 crore, with a profit of ₹12,390 crore. Nomura anticipates a 0.1% growth in CC revenue and a 0.8% decline in dollar revenue on a quarter-on-quarter basis. This could be partially offset by the reversal of extraordinary expenses from previous quarters. Margins are expected to rise by 20 basis points due to operational efficiency. The firm expects deals to remain steady, and the margins from BSNL deals should be closely watched.
