TCS Q3 Results 2023: Interim, special dividend announced - Check payment and record date

TCS Q3 Results 2023: Tata Consultancy Services (TCS) -- India's largest IT services exporter -- reported a net profit of Rs 10,850 crore for the December quarter, marking a growth of four per cent on a quarter-on-quarter basis. Alongwith it, the IT behemoth announced a cumulative dividend of Rs 75 per equity share for fiscal FY23.

“We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per Equity Share of Rs 1 each of the Company," the company informed in an exchange filing.

TCS Interim Dividend: Payment date, record date

The third interim dividend and the special dividend will be paid on 3 February 2023, to the equity shareholders of the company, 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 17 January 2023, which is the record date fixed for the purpose.
 
“We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and the UK," said Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS.

TCS kickstarted the third-quarter earnings season for FY23, reporting a rise in net profit for the third quarter by nearly 11% to Rs 10,846 crore as against Rs 9,806 crore in the year-ago quarter.

The IT giant's revenue figures came in at Rs 58,229 crore — up 19% year-on-year.