TCS shares in focus after Q1 results, dividend announcement, and steady headcount growth
The company posted a 6% year-on-year rise in net profit to ₹12,760 crore for the June quarter, aided by higher other income and stable margins. Revenue came in at ₹63,437 crore, up 1.3% year-on-year but down 1.6% sequentially.
TCS also declared a dividend of ₹11 per share, with the record date set for July 16 and payout on August 4. The company signed new deals worth $9.4 billion during the quarter, reflecting strong client confidence despite subdued IT spending globally.
The company's workforce grew to 6,13,069 employees, adding over 6,000 on a year-on-year basis, signaling its continued focus on building capabilities and fulfilling deal pipelines.
CEO and MD K Krithivasan acknowledged global uncertainties but noted robust growth in new services and strong deal closures during the quarter.
On Thursday, TCS shares closed marginally lower at ₹3,382.30 on the BSE, underperforming the benchmark indices. However, with the Q1 results out and a steady dividend announcement, the stock may see investor interest amid mixed global cues and sectoral headwinds.
Market participants will also watch commentary on deal momentum and recovery in discretionary tech spending in the coming quarters to gauge future stock performance.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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