HCL Technologies Declares Second Interim Dividend for FY24

13 Jul 2023 , 10:04 AM

HCL Technologies has announced the declaration of a second interim dividend for the financial year FY24. The company will pay a dividend of Rs10 per equity share of Rs 2 each for the Financial Year 2023-24.

The payment date for the interim dividend has been set as August 1, 2023. July 20, 2023, has been fixed as the record date to determine the entitlement of shareholders.

HCL Technologies had previously paid a first interim dividend of Rs 18 per share in April for FY24. In the financial year FY23, the company paid a total dividend of 2,400%, amounting to Rs 48 per share to its shareholders.

HCL Technologies reported a 7.6% year-on-year growth in net profit for Q1FY24, reaching Rs 3,534 crore. However, the net profit declined by 11.2% sequentially due to reduced deals and performance in certain verticals. Consolidated revenue for the quarter grew by 12% YoY, amounting to Rs 26,296 crore.

HCL Technologies maintained its guidance for FY24, expecting a 6-8% constant currency revenue growth and an operating margin of 18-19%.

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