TCS Stock : Empowering Shareholders with Strong Buyback History, Impressive Q2 Results & Dividends for Value Enhancement

TCS Stock : Empowering Shareholders with Strong Buyback History, Impressive Q2 Results & Dividends for Value Enhancement
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Tata Consultancy Services (TCS) is a major global IT services and consulting company headquartered in India. It offers a wide range of IT services, operates in numerous countries, and is known for its technological expertise and innovation.

TCS Stock Exceptional Buyback History :

May 18, 2017, to September 6, 2018: During this period, TCS executed a tender offer, offering its shares at an attractive price of Rs 2,850 per share. The buyback was substantial, amounting to a staggering Rs 16,000 crore, showcasing the company’s commitment to creating value for its shareholders.

May 31, 2017, to September 21, 2018: TCS continued its share buyback trend with another tender offer, this time setting an offer price of Rs 2,100 per share. Once again, the company demonstrated its dedication to returning value to its investors with a buyback worth Rs 16,000 crore.

December 18, 2020, to January 1, 2021:In this period, TCS initiated yet another buyback via a tender offer, this time at an offer price of Rs 3,000 per share. The buyback amounted to Rs 16,000 crore, emphasizing the company’s commitment to rewarding its shareholders.

March 9, 2022, to March 23, 2022: In a more recent move, TCS conducted a tender offer with an offer price of Rs 4,500 per share. This buyback was valued at an impressive Rs 18,000 crore, showing the company’s willingness to invest in its own shares.

Exciting News : TCS Stock Fifth Share Buyback Program in October 2023

TCS has announced its latest share buyback program, currently in progress. It offers shares at a substantial price of Rs 4,150 each, with a total value of Rs 17,000 crore. Notably, this represents a generous 15% premium over the previous closing price. It’s yet another demonstration of TCS’s proactive stance in enhancing shareholder value.

Impressive Q2 Financial Results for TCS stock :

Revenue

TCS reported revenue of Rs 59,692 crore in the second quarter, demonstrating a robust year-on-year growth of 7.9%. This growth underscores the company’s sustained performance and market leadership.

Operating Margin

The operating margin stood at an impressive 24.3%, reflecting TCS’s efficiency in managing its operations.

Net Income

TCS reported a net income of Rs 11,342 crore, showcasing an 8.7% year-on-year increase. This robust income growth highlights the company’s ability to generate profitability.

Net Cash from Operations

The net cash from operations was reported at Rs 11,823 crore, an amount that represents 104.2% of the net income, indicating a strong financial position.

Diversity and Inclusivity

TCS is committed to fostering a diverse and inclusive workplace. The company boasts a 35.8% women workforce and employees representing 152 nationalities. This diversity enriches the company’s culture and drives innovation.

Investment in Workforce Development

TCS is investing in its workforce’s learning and development. In the year-to-date period, the company recorded 26.4 million learning hours and the development of 2.6 million competencies, demonstrating its dedication to employee growth and upskilling.

IT Services Attrition Rate

The Last Twelve Months (LTM) IT Services attrition rate stands at 14.9%, a metric important for talent retention and company stability.

Generous Dividend Announcement

TCS has declared an interim dividend of Rs 9 per share, with a record date of October 19, 2023, and a payment date of November 7, 2023. This dividend serves as an additional benefit for the company’s shareholders, underlining its commitment to providing returns on investment.

Conclusion

In summary, Tata Consultancy Services (TCS) demonstrates its unwavering commitment to shareholders and operational excellence. With a strong buyback history and the announcement of a new buyback program at a premium share price, TCS underscores its dedication to delivering value to investors.

TCS’s impressive Q2 results, marked by significant revenue growth, robust operating margins, and increased net income, solidify its position as a market leader. Furthermore, TCS’s investments in diversity, inclusivity, and employee development reflect its progressive approach to fostering a dynamic and innovative workforce.

The declaration of an interim dividend reinforces TCS’s commitment to delivering value to shareholders.

TCS’s proactive measures and financial achievements set a positive example in the corporate world, showcasing how a company can effectively balance financial success with social responsibility and sustained growth.

This combination of financial strength, strategic investments, and a supportive approach to its workforce and shareholders makes TCS an outstanding presence in today’s business landscape.

FAQs

What is TCS buyback history?

TCS has a strong buyback history, with notable buyback programs in 2017, 2018, 2020, and 2022, showcasing its commitment to returning value to shareholders.

What is the offer price for TCS current buyback program in October 2023?

TCS current buyback program offers shares at a price of Rs 4,150 each.

How did TCS perform in Q2 in terms of revenue and net income?

In Q2, TCS reported a revenue of Rs 59,692 crore, with a 7.9% year-on-year growth, and a net income of Rs 11,342 crore, reflecting an 8.7% year-on-year increase.

What is TCS operating margin in Q2?

TCS operating margin in Q2 stood at an impressive 24.3%.

What is TCS workforce diversity and inclusivity like?

TCS boasts a 35.8% women workforce and employees from 152 nationalities, emphasizing its commitment to diversity and inclusivity.

How much is TCS interim dividend, and when will it be paid?

TCS has declared an interim dividend of Rs 9 per share, with a payment date of November 7, 2023.

What is TCS IT Services attrition rate?

TCS Last Twelve Months (LTM) IT Services attrition rate stands at 14.9%, which is important for talent retention and company stability.

Disclaimer

The information provided in this blog is for general informational purposes only and should not be considered as professional financial or investment advice. Always conduct thorough research and seek advice from a qualified financial advisor before making any investment decisions. The blog author and publisher are not responsible for any actions taken based on the information provided in this blog. Any reliance on the content is at your own risk. Remember that the financial markets can be volatile, and past performance is not indicative of ture results. The company mentioned in the blog may have undergone changes or developments that are not reflected here. Please verify the information with credible sources before making any financial decisions.

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