This is to inform you that IT sector giant TCS (Tata Consultancy Services) is all set to declare the audited consolidated and standalone financial results for the Q2 of the fiscal year 2023-2024. According to the reports, Tata Consultancy Services is likely to declare its financial results for the 2nd quarter of fiscal year 2023-24 on 11th October 2023. Furthermore, Tata Consultancy Services will also consider a second interim dividend for the shareholders who are eligible, on the same day. It is expected that the board of Tata Consultancy Services to equity shareholders will also declare the second interim dividend. The second quarter of the fiscal year concluded on Saturday, September 30, 2023. Therefore TCS is about to declare its consolidated financial results on October 11, 2023. People who are scrambling to the web regarding the financial results of TCS for the second quarter of fiscal year 2023-24 are suggested to go through this column till the end.
TCS to declare financial results for Q2 2023-24
According to the reports, the record date for the dividend has been fixed which is October 19, 2023. The regulatory filing asserted that a meeting for the quarter and six-month period ending September 30, 2023, that will be attended by the Board of Directors of TCS is all set to take place on Wednesday, October 11, 2023, to take on record the audited standalone and consolidated financial results. “A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday, October 11, 2023, inter alia to approve and take on record the audited condensed standalone financial results” and the “audited condensed consolidated financial results”
Kindly note that if the second interim dividend is declared, it will be paid to the eligible equity shareholders of Tata Consultancy Service whose names appear in the records of the depositories or on the register of members. Talking about the previous quarter of the fiscal year 2023-24, TCS had reported a year-on-year profit of 16.84 percent in its consolidated net profit to INR 11,704 crore. For the first quarter of fiscal year 2022-23, the IT sector behemoth reported a profit of INR 9,478 crore in the year-ago period. However, the consolidated net profit was down 2.8 percent. In Q1FY23, TCS’s consolidated revenue from operations stood at INR 59,381 crore during the quarter ended June from INR 52,758 crore. Notably, the revenue increased by 0.4 percent from INR 59,162 crore in Q4FY23. IT sector giant informed the stock exchange that the record date for the dividend is scheduled to happen on October 19.