HCL Tech Announces ₹12 Interim Dividend, Q2 Profit Jumps 10.5%

15 Oct 2024 , 11:53 AM

HCL Technologies’ Board of Directors announced an interim dividend for the financial year 2024-25 on Monday, October 14, via a BSE filing. The company declared an interim dividend of ₹12 per equity share with a face value of ₹2 per share, as per the filing.

The record date for the dividend is set for October 22, 2024, and the dividend payment will be made on October 30, 2024.

At the time of writing on October 15, 2024 at 11.52 am, shares of HCL Technologies is trading at ₹1857.65 which is a 0.094% gain than the previous close. HCL Technologies has gained 46.20% in the last one year, and 25.20% since the beginning of the year.

HCL Technologies reported a 10.5% rise in consolidated net profits for the July-September quarter of FY 2024-25, reaching ₹4,235 Crore compared to ₹3,832 Crore in the same quarter of the previous year.

The company’s revenue from operations increased by 8.2%, totaling ₹28,862 Crore, compared to ₹26,672 Crore in the same quarter last year.

Attrition rate dropped to 12.9% in Q2, down from 14.2% in the same quarter of the previous year, with the total headcount at 2,18,621 as of September 30, 2024.

HCL Tech’s expenses rose by 7.85%, amounting to ₹23,631 Crore, up from ₹21,909 Crore in the corresponding period of the previous year.