HCL Technologies Ltd. will be in the spotlight on Tuesday, October 22, as its shares trade ex-dividend. The company had earlier declared an interim dividend of ₹12 per share for the financial year 2024-25. Approved on October 14, 2024, this dividend will be paid out on October 30 to shareholders recorded by the ex-dividend date.
On Monday, October 21, HCL Tech’s stock price closed slightly lower, down 0.79% at ₹1842.50 on the BSE, with a market value of ₹4,99,992.79 crore.
HCL Tech’s Financial Performance:
Alongside the dividend announcement, HCL released its financial results for the quarter and half-year ending September 30, 2024. Key highlights include:
- Revenue Growth: Total revenue for the six months was ₹56,919 crores, up from ₹52,968 crores in 2023.
- Other Income: Increased significantly to ₹1,559 crores compared to ₹709 crores last year.
- Employee Costs: ₹32,933 crores, rising from ₹30,267 crores last year.
- Net Profit: ₹8,496 crores, up from ₹7,364 crores in 2023.
HCL’s IT and Business Services segment contributed ₹42,449 crores in revenue, while Engineering and R&D services generated ₹9,000 crores.
