IT giant, HCL Technologies has announced a second interim dividend for FY25. The company will pay a whopping Rs 12 per share dividend in August, for which it has fixed July 23rd as the record date, to determine eligible shareholders. HCL made the announcement on July 12 during its Q1 results where it beats street estimates.
HCL Tech Dividend:
As per the regulatory filing, HCL Tech declared an Interim Dividend of Rs. 12 /- per equity share of Rs. 2/- each of the Company for the Financial Year 2024-25.
HCL said that the Record date of July 23, 2024, fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors.
The payment date of the interim dividend is fixed on August 1, 2024.
This will be the 86th consecutive quarter of dividend payout by HCL.
Earlier, for FY25, HCL Tech paid its first interim dividend of 900% amounting to Rs 18 per share for which it turned ex-dividend on May 7, 2025. In FY24, the company paid dividends of 2,600% worth Rs 52 per share.
HCL Tech Q1 Results:
The company posted a consolidated net profit of Rs 4,257 crore in Q1FY25, registering a growth of 6.8% QoQ and 20.5% YoY. HCL also recorded better-than-expected performance in revenue and EBIT terms as well. HCL Tech's net profit stood at Rs 3,986 crore in Q4FY24 and Rs 3,534 crore in Q1FY24.
However, on the top-line front, HCL's performance was mixed. Consolidated revenue from operations stood at Rs 28,057 crore, down by 1.6% QoQ but up by 6.7% YoY. While constant currency revenue also dipped 1.6% QoQ but surged 5.6% YoY.
A similar trend was witnessed in EBIT which came at Rs 4,795 crore, (17.1% of revenue), down 4.4% QoQ & up 7.5% YoY.
HCL Tech Share Price:
HCL's share price ended at Rs 1560.40 apiece, up by Rs 48.40 or 3.20% on BSE with a market cap of Rs 4,23,440.30 crore. The stock's 52-week high and low is at Rs 1,696.50 apiece and Rs 1,087.75 apiece respectively.
YTD, HCL Tech's share surged over 5%.
HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centred around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.
The company works with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4B.
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