TCS Q4 results on April 12: Will TCS declare dividend today? Check details

TCS Q4 results date, TCS dividend news: IT bellwether Tata Consultancy Services' (TCS) board is scheduled to meet today, April 12, to consider a final dividend for the financial year ending March 31, 2024, along with its financial results for the fourth and final quarter of the financial year 2023-24, kickstarting the Q4 earnings season. 

India's largest IT firm's regulatory filing dated March 29, read, "We hereby inform you that a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Friday, April 12, 2024, inter alia to: i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the year ending March 31, 2024; ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the year ending March 31, 2024; and; iii. recommend a final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2024, for the approval of the shareholders at the ensuing 29th Annual General Meeting."

TCS dividend history 

TCS has declared 83 dividends since October 28, 2004, as per research portal Trendlyne. TCS has declared an equity dividend amounting to Rs 69 per share in the past 12 months. At the current levels, the dividend yield of TCS stands at 1.73 per cent. 

TCS Q4 result preview: Here's what to expect from IT major

While all eyes set on the IT bellwether's Q4 show, there is widely a view that TCS shall lead the Tier-I IT companies on the back of substantial deal wins in Europe. 

HDFC Securities in its report stated that deal bookings are expected to be strong for TCS (USD 10bn+ TCV) and steady for the rest with several large deals in Europe.

Further, the brokerage held that TCS within the industry will lead growth at 1.3 per cent sequentially. 

Axis Securities expects the IT major to report 2.3 per cent growth during the period under review given the reversal in furloughs and ramp-up of the deals. Besides, the moderation in the sub-contracting cost is likely to expand margins by 72 basis points. Deal wins in the sector are expected to be the tune of USD 7-9 billion. Read more on TCS Q4 preview