Tech Mahindra dividend 2023: Board announces 240% payout—check out record date, payment date

Tech Mahindra dividend 2023: IT company Tech Mahindra on Wednesday, October 25 announced an interim dividend of Rs 12 per equity share of face value of Rs 5 each i.e. a 240 per cent payout.

Tech Mahindra dividend 2023: IT company Tech Mahindra on Wednesday, October 25 announced an interim dividend of Rs 12 per equity share of face value of Rs 5 each. Image: Pixabay/ Representational Image

Tech Mahindra dividend 2023: IT company Tech Mahindra on Wednesday, October 25, announced an interim dividend of Rs 12 per equity share of face value of Rs 5 each, i.e., a 240 per cent payout.

Tech Mahindra record date 2023

The IT company has fixed November 2, 2023, as the record date for determining the members entitled to receive the interim dividend.

Tech Mahindra dividend payment date 2023

As per the company's communiqué, the interim dividend shall be paid on November 21 to the equity shareholders of the company whose names appear on the register of members of the company or in the records of depositories as beneficial owners of the shares as of November 2.

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Tech Mahindra Q2 results

Meanwhile, the company posted a 61 per cent decline in consolidated net profit at Rs 505.3 crore in the second quarter ended September. The company had registered a net profit of Rs 1,299.2 crore in the same period a year ago, according to a regulatory filing. The consolidated revenue from operations of the company declined by 2 per cent to Rs 12,864 crore during the reported quarter from Rs 13,129.5 crore in the year-ago period. READ MORE

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