Updates by Newsparviews :Results for HCL Tech’s third quarter: On Friday, January 12, the company’s board of directors declared an interim dividend for FY 24 of ₹12 per equity share, or ₹2 per share. The Indian IT behemoth reported that its net profit for the October–December quarter of the current fiscal year climbed 13.5% sequentially to ₹4,350 crore.

The record date for the intermediate dividend payment is January 20, 2024. However, the final payment isn’t expected until January 31, 2022.

HCL Tech Q3 results Updates

“For the Financial Year 2023–2024, the Board of Directors has declared an Interim Dividend of Rs. 12/-per equity share of Rs. 2/-each of the Company.” The payment of the aforementioned interim dividend is scheduled to take place on January 20, 2024, as confirmed by the Board of Directors. The company announced that the interim dividend would be distributed on January 31, 2024, in its stock filing.

The third-largest IT services firm in India reported a noteworthy 13.5% increase in its consolidated net profit attributable to shareholders between ₹4,350 crore in Q3 FY24 and ₹3,832 crore in Q2 FY24. Furthermore, the business’s quarterly sales increased by 6.65% QoQ to ₹28,446 crore, above market projections.

HCL Tech’s profit after tax (PAT) for the current fiscal year’s October–December quarter was a solid ₹4,350 crore, exceeding the anticipated 11% growth. In Q3FY23, the company’s consolidated net profit climbed 6.2% YoY from ₹4,096 crore to ₹26,700 crore, representing a 6.5% YoY growth in income from operations.

To $3,415 million, HCL Tech’s sales grew by 4.3% yearly and 6% sequentially in Constant Currency (CC) terms. On a quarterly basis, the operating margin rose by 140 basis points to ₹5,615 crore, a noteworthy 19.8% gain. In addition, net income climbed sharply to ₹4,350 crore, up 7.4% YoY and 13.8% QoQ.

Disclaimer : The above article is meant for informational purposes only, and should not be considered as any investment advice.

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